Variety drives F&B growth
Published: 29 June, 2016
Smaller casual dining brands hungry for expansion, Savills reports
Casual dining brands in the UK with under 25 sites have grown by 39% over the past three years, opening a combined 489 new outlets across the UK, according to the recent ‘Casual Dining in the UK’ report by Savills.
The research reveals that smaller brands such as Wahaca, Franco Manca and Cau have grown faster than established large brands, adding 489 outlets (+39 per cent) since the end of 2012, compared to brands such as Pizza Express, Prezzo and Nando’s, which have opened 297 (+13 per cent). Savills highlights that 80% of the casual dining market is made up of brands with fewer than 25 restaurants.
David Bell, head of leisure at Savills, said: “The significant growth by the smaller brands emphasises the development we’ve seen in new concepts. These smaller chains have provided consumers with more choice and offered a point of difference in the market, and with this success it is driving them to open more sites around the country. Furthermore with the investment from private equity we could see more brands with the capital to grow.”