Popular pizza franchise to give away free pizza when it opens second store

October 31, 2018

A popular pizza franchise, NKD pizza, is set to give away free pizza when it opens its second store in Corstorphine at the end of this month.

NKD pizza is due to open its second store in the Corstorphine area of the city (at 259-261 St Johns Road) at the end of the month, and to celebrate, the team behind the brand are offering local residents and pizza fans the chance to grab some free pizza.

The pizzeria firm, which successfully launched its first store in Scotland in the Morningside area of the city in September last year, is offering pizza fans in the capital the chance to get their free pizza when they sign up to the firm’s mailing list.

Opening on the 29th of October, the new outlet will also be offering “any pizzas any size” for £7 on collection with £1 from every pizza sold split between two local charities in Edinburgh.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

Grant Clouston, the businessman behind the launch of the first NKD pizza franchise in the UK, explained that the new opening will be the first of many and dropped hints about where they could go next, he said: “I am extremely excited and proud of the journey my team has taken to open a second nkd pizza store in the UK.

“Bringing an international brand into the UK is never an easy task, however, the opening of the second store is going to be a game changer and will trigger us opening more stores in Edinburgh and across Scotland. To give you a hint about our next location the next city has a famous wheel.”

The entrepreneur stated that they are hoping to grow a similar fan base with the new store like the one they have with their original Morningside outlet, adding that they’ll also be expanding their menu with added sides, new pizzas and exciting desserts.

He said: “We get requests sent to us daily asking us when we will be opening our store in Corstorphine, which just shows how many people want to get nkd.

To help us get that loyal base of customers, we are giving away free pizza to people who sign up and show an interest. We want to do this as a welcome gesture for us moving in but also to get people hooked on our special ten-grain dough.

“We are also extremely excited to also start receiving corporate orders from the Gyle business district, as do we a tremendous amount of corporate orders from our Morningside store.”

Source: Edinburgh News

Just how big is the Wagamama business in the UK and worldwide?

October 31, 2018

Wagamama is one of the casual dining sector’s greatest success stories to date.

Founded in London in 1992 with a focus on pan-Asian inspired cuisine, the company’s restaurant portfolio comprises 138 directly-operated restaurants in the UK and the US and 58 franchised restaurants in Europe, the Middle East and New Zealand.

Wagamama has a commitment to fast-cooked, fresh and healthy pan-Asian cuisine. Its focus is on feeding the ‘mind, body and soul’, meaning the food must both ‘look and taste beautiful’.

All food is freshly cooked in its open kitchens and customers may personalise any dish. The menu includes a range of accessible, entry-level dishes – under £5 for small dishes or £10 for mains – alongside more expensive options.

Wagamama’s UK restaurants are spread geographically and are in a mixture of locations. Towns and cities (excluding London) account for 41% of the total UK restaurant estate, shopping centres account for 32%, London (excluding shopping centres) account for 25% and airports account for 2%.

The UK restaurants are all in leased properties averaging approximately 4,300 square feet in size, and approximately half have been extensively refurbished over the last three years.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

Wagamama opened its first restaurant in the US in 2007.  Since then it has grown its US footprint to five directly-operated sites.

Its US business has a local management team and manages its own supply chain and operations, although it continues to leverage the UK head office and infrastructure where needed.

Additionally, Wagamama has a presence in Europe, the Middle East and New Zealand via 58 franchised restaurants in 23 countries. Franchise arrangements are with a variety of partners, which each have exclusivity for a specific territory.

Franchisees operate their own supply chain using a mixture of Wagamama’s suppliers (under their own contracts) and their own suppliers.

Wagamama’s sites have a predominantly long leasehold property asset base. 73% of sites currently have greater than 10 years left on their lease contracts.

The company headquartered in London and employs more than 6,000 staff. For FY 2018, Wagamama reported revenues of £306.7m and generated EBITDA after pre-opening costs of £43m.

Source: Foodservice Equipment Journal

Dogs listen up! Canine cafe you can take your owner to is coming to Middlesbrough

October 30, 2018

A new cafe for humans and hounds is heading to Middlesbrough. Doggie Diner will be opening up its fourth venue – this time on Teesside.

The canine cafe, which will be based on Marton Road, will have a number of tasty treats for pooches and owners.

Four-legged friends will be able to get their paws on food and drink from the pooches’ menu.

They could sink their teeth into a pupcake, woofin or dog sausage, or go all out with a Doggie Afternoon Tea, before washing it all down with a Woof Dog Beer.

Doggie Diner
An example of the Doggie Afternoon Tea, which is part of the Hound Menu (Image: Evening Gazette)

There’s also drinks and food on offer for owners too.

Adrienne Dickson, 47, who is one of three franchise owners, said: “I can’t wait.

“We’re really excited to bring our diner to Middlesbrough and be the first dog cafe in the town.

“Our cafes have a real community hub.”

The cafe intends to run a number of events, including workshops for kids, a book club and breed meet ups.

Doggie Diner
A pug meet up at the Doggie Diner in Sunderland (Image: Evening Gazette)

As well as having a play pen for man’s best friend to socialise in, there’s also the opportunity to have doggie birthday parties.

Fear not if you don’t have a four-legged friend of your own, as you’re also welcome to the cafe.

Related: Pet Franchises in the UK – Turn Your Passion into a Business

Adrienne, who is from Sunderland, added: “People can come without dogs. It’s open to everybody.”

Doggie Diner began in Sunderland in 2015, before the franchise expanded to open up cafes in Blackhall and Durham.

The Sunderland diner has been voted top dog when it comes to being animal friendly.

It scooped the most dog friendly cafe/restaurant in the UK in the Kennel Club’s Be Friendly Dog awards.

It is hoped the Middlesbrough cafe will be open for pups and their pals in the first week of December.

Source: Gazette Live

Frankie & Benny’s owner to buy Wagamama in £559m deal

October 30, 2018

The company behind the Frankie & Benny’s and Chiquito restaurant brands has agreed to buy the Wagamama chain in a £559m deal.

The takeover will see The Restaurant Group (TRG) swallow up a business, founded in 1992, which now has nearly 200 outlets, most of them in the UK.

It comes as the new owner seeks areas of growth during a challenging period for the UK’s casual dining sector, with the likes of Gaucho, Prezzo and Byron struggling.

The Restaurant Group’s chief executive Andy McCue described the Wagamama deal – which is expected to be completed by mid-December – as “an exciting and transformative opportunity”.

He added: “Wagamama is a fantastic brand, with a market leading pan-Asian proposition, which has consistently outperformed the casual dining market in recent years.”

The deal sees TRG pay £357m in cash and assume £202m in debt. It will be funded partly through a £315m cash call on the group’s shareholders. Shares fell 17%.

Frankie & Benny's
Image:The Restaurant Group owns businesses such as Frankie & Benny’s

Wagamama will operate as an autonomous part of the group with current chief growth officer Emma Woods becoming chief executive and chairman Allan Leighton set to join the TRG board as a non-executive director.

TRG said it would accelerate the brand’s UK expansion including in some cases by converting existing sites into Wagamama restaurants, as well as piloting new “food to go” offerings and exploring international growth.

Related: Just how big is the Wagamama business in the UK and worldwide?

Wagamama currently has 133 UK restaurants plus five in the US and 58 franchise sites across Europe, the Middle East and New Zealand.

It employs more than 6,000 people and reported revenue of £307m and underlying earnings of £43m last year.

Wagamama is being sold by private equity firm Duke Street, which bought the chain in 2011 for £215m when it had 70 restaurants.

TRG has 381 casual dining restaurants under a number of brands plus more than 60 pubs and also operates dozens of concessions at airports and railway stations. The group employs more than 15,000 people.

The group has endured a tough time in recent years with a series of profit warnings culminating in a boardroom overhaul. Performance has stabilised since the appointment two years ago of former Paddy Power executive Mr McCue as its boss.

It has shaken up its offering by cutting prices and introducing more budget options.

The group disclosed in its takeover announcement that like-for-like sales so far this year were down by 2.2% but added that they were up 1.4% in the 14-week period since the end of the World Cup.

Source: Sky

This is what it’s like inside Cardiff’s new steakhouse

October 30, 2018

A city street that’s well-known for its wide range of restaurants is set to a welcome a new steakhouse. The new restaurant, called Steakout, is found on City Road in Cardiff and is part of a franchise that’s known for serving up a variety of grilled meats.

It’s the franchise’s tenth restaurant, with others located throughout the UK, including in Slough, Luton, Harrow, Leicester and Stratford.

And the man who’s running the Cardiff restaurant, 33-year-old Daud Akhtar, says it’ll be Wales’ first steakhouse to sell halal meat.

“We specialise in steak and burgers,” said Mr Akhtar, who comes from Newport.

He added: “Cardiff hasn’t got any halal steakhouses – we’re the first ones to bring it to Wales.

“But it’s not just for the Muslim community, it’s for all sorts of backgrounds. The type of food we serve – everyone loves that kind of food.”

“The way we serve our food is different – it comes out on sizzlers.”

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

Good location

This is what you can expect inside the restaurant (Image: Mark Lewis)

Mr Akhtar said the location is important too, as City Road has everything in one place.

He said: “City Road is the place to go to now for food.

“Everybody loves going to City Road because you find all different types of food there on one road.

“It’s basically one stop – you can have shisha, different kinds of food – everything is available on City Road.”

What’s on the menu at Steakout?

The beef sirloin butterfly meal deal (Image: Steakout Cardiff)
The restaurant is found on City Road (Image: Mark Lewis)

The restaurant will serve up a variety of meats specialising in steaks – which you can either have the traditional way, or marinated in a secret spicy braai recipe.

Along with cuts such as sirloin, rump and porterhouse (T-bone), they’ll also sell Philly cheese steaks, lamb and chicken dishes and chilli king prawns

You’ll also find a range of pies and burgers on the menu along with a number of veggie options such a veggie burger and Mexican bean salad.

When’s it opening?

They sell a range of grilled meats, specialising in steaks and burgers (Image: Mark Lewis)

The new steakhouse is set to open this week, officially welcoming guests on Tuesday, October 30 from 4.30pm.

However, the launch night is by reservation only.

Once the restaurant is up and running, normal opening hours will be from noon until 11pm .

Source: Wales Online

The Property Franchise Group snaps up city independent agency

October 30, 2018

A branch of The Property Franchise Group’s CJ Hole brand in Bristol has snapped up an independent lettings agency elsewhere in the city.

As well as taking on Piper Property’s portfolio of over 150 managed properties, four staff members of The Property Franchise Group have also been transferred along with the Piper premises on Church Road, which is now branded as CJ Hole Redfield.

Related: Look who’s buying: Property Franchise Group sets new record for acquisitions

CJ Hole Redfield owner Chris Hill now has seven offices in the Bristol area and has more than three decades of experience in the sales and lettings sector, over 20 of them with CJ Hole.

“Each office specialises in both sales and lettings and has a dedicated in-house property management team overseeing the portfolios” says Hill.

Related: Property and Estate Agent Franchises UK – What Buying an Estate Agency Franchise Means for UK Franchisees

“Our portfolio of managed properties before the Piper Property acquisition was around 800 across all the branches, but is now in the region of 950.”

Source: Letting Agent Today

UK budget and Bank of England take back seat to Brexit drama

October 28, 2018

UK budget announcement on Monday and a “Super Thursday” at the Bank of England would normally be key moments for the world’s fifth-biggest economy, but this time they are likely to be overshadowed by the drama of Brexit.

Finance minister Philip Hammond and Bank of England Governor Mark Carney have little option but to sit on the fence as they wait to see whether a no-deal exit from the European Union, which they warn would harm the economy, can be averted.

Both men have other business they want to get on with.

Hammond is under pressure from Prime Minister Theresa May to end a decade of austerity to see off a rise in popularity of the opposition Labour Party.

At the BoE — where an interest rate decision and economic forecasts are due to be announced on Thursday — Carney and his fellow policymakers want to progress with their plan to raise borrowing costs gradually over the coming years.

That would allow the British central bank to follow the lead of other central banks, especially in the United States and Canada, which are dismantling 10 years of massive stimulus.

Expectations of another rate hike by the U.S. Federal Reserve in December are likely to grow if the monthly payrolls report on Nov. 2 shows further jobs growth and rising pay.

In the euro zone, data on economic growth and inflation on Tuesday and Wednesday will show whether the recovery in the single currency area has kept pace.

But in Britain, with Brexit just five months away, things are much less clear cut.

BREXIT FOG

There is no sign of a Brexit breakthrough with Brussels, in large part because May’s Conservative Party is riven over how close Britain should remain to the European Union after it leaves the bloc.

“UK budget is likely to be something of a holding exercise until the Brexit fog clears and the MPC is likely to remain in a state of inertia until there is a bit more clarity on the state of the Brexit negotiations,” Ruth Gregory, an economist with Capital Economics, a research firm, said.

When he stands up in parliament on Monday afternoon, Hammond is expected to use his high-profile UK budget speech to try to cool the Conservative rebels by dangling the prospect of higher spending in the future, as long as a Brexit deal is done.

Britain’s economy has slowed since the 2016 referendum decision to leave the EU. But it has not suffered as badly as many forecasters expected, giving Hammond some fiscal wiggle room to fund higher health spending already promised by May.

Hammond might get further help if UK budget forecasters scale back their estimates of future deficits, as they have suggested they will.

But his ability to ramp up spending in other areas depends most on avoiding a new shock to the economy.

A no-deal Brexit would slash economic growth to just 0.3 percent a year in 2019 and 2020 compared with 1.9 and 1.6 percent if there is a deal, the National Institute of Economic and Social Research estimated on Friday.

UK budget deficit would stop falling and would rise under a no-deal scenario, according to its forecasts.

Looking further ahead, Hammond has suggested he will need to raise taxes to help fund higher public spending.

SIGNS OF PAY “NEW DAWN”

But the prospect of getting controversial measures passed in parliament, where the Conservatives have no outright majority, is probably too daunting at a time of heightened Brexit tensions.

For the BoE, the Brexit stakes are high too.

It has begun raising interest rates from their crisis-era levels and its chief economist has said he sees signs of a “new dawn” for British workers’ pay, long the missing link in the country’s recovery from the financial crisis.

Related: Chancellor says no deal Brexit will damage UK GDP for years to come

But most economists think it will wait until May to raise rates again, assuming Britain leaves the EU with a deal.

“In any other situation, we suspect the Bank of England would be looking to increase interest rates pretty soon,” ING economists said in a note to clients on Friday.

“But inevitably, Brexit remains policymakers’ number one consideration, and given that there may still be some time before we know for sure whether a deal will be in place before the UK formally leaves the EU, there is a risk growth slows as businesses and consumers grow more cautious.”

Source: UK Reuters

Heywood franchise to close after nine years of business

October 27, 2018

A Heywood franchise will be closing at the end of the month after nine years of business. Cashbrokers will close for good on 31 October, almost nine years after it first opened on Bridge Street in December 2009.

Current and active buybacks will need to be bought before the closure date.

Related: Should You Run a Franchise Business

Cashbrokers is Britain’s largest family-owned pawnbrokers, offering a variety of services providing cash for those needing short term finance.

The franchise offers pawnbroking, travel money, cheque cashing, Western Union money transfers, logbook loans and goods for sale.

The Heywood franchise has been contacted for comment.

Source: Rochdale Online

UK economy saves £51m a year through food waste redistribution

October 27, 2018

Collecting and redistributing food that would otherwise go to waste saves the UK economy around £51 million a year, according to a new report from food waste charity FareShare.

The Wasted Opportunity Report, carried out by NEF consulting, evaluates the economic and social value of redistributed surplus food, as well as the current and potential cost avoided by the UK public sector as a result of the charity’s work.

If found that by collecting food that would otherwise go to waste and redistributing it to charity and community groups, FareShare creates approximately £50.9 million of social-economic impact each year.

This is made up of £6.9 million in social value to the beneficiaries themselves and £44 million in saving to the State (in savings to the NHS, the criminal justice system, to schools and in social care).

The implication is that, were FareShare and other charities in the food redistribution sector able to scale up their operational capacity to handle 50% of the surplus food available in the UK supply chain, the value back to the State could be as much as £500 million per year.

FareShare redistributes good quality surplus food from the UK supply chain and delivers it to nearly 10,000 charities and community groups – including homeless hostels, children’s breakfast clubs, domestic violence refuges and community cafes.

In its Annual Report, the charity announced that in 2017-2018 it redistributed 17,000 tonnes of in date, good to eat surplus food — enough to create almost 37 million meals.

This surplus food is worth £30 million per year in cash savings to the charitable sector and means charities can spend more delivering their frontline services.

The report follows the announcement by Michael Gove, SoS for Environment, Food and Rural Affairs for a £15 million pilot project that aims to make it as cost-effective for the food industry to redistribute their surplus to charities as it is for them to dispose of it as waste.

The charity is also launching a new campaign, ‘Good Food Does Good’, to encourage more businesses to do the right thing with their surplus by demonstrating the difference the food makes to the charities and individuals who receive it.

Source: Food&Drink International

The Motorhome Hire Franchise launched at NEC show

October 26, 2018

The Motorhome Hire Franchise, UK’s first nationwide motorhome franchise business was launched at this year’s Motorhome and Caravan Show at the NEC.

The Motorhome Hire Franchise was set up by motorhome specialist David Gill who, having run Motorhome Hire Scotland since 2010, spotted a gap in the market for a concept that enabled others to build their own successful business based on his proven model.

David said: “The motorhome hire industry is thriving, with holidaymakers turning to it as a less expensive alternative to holidaying abroad, with the introduction of new routes across the country only increasing popularity further.

“However, with over 200 independent motorhome hire businesses across the UK, customer service and experience varies enormously, so this national network of motorhome hire ‘hubs’ means consumers can be safe in the knowledge that the brand will deliver the same high quality vehicles and service every time. Our years of professionalism in the motorhome industry, combined with strong franchising experience offers a proposition that sets new standards in the market.”

Related: Motorhome Hire Franchise Launch And Expansion

David and his team plan to launch 25 franchise locations, branded Gill’s Motorhomes, that will be supplied with premium motorhomes by leading European motorhome manufacturer Adria.

Also unveiled at the show was a monumental five-year partnership with leading European motorhome manufacturer Adria, which has committed to provide 500 luxury motorhomes to the value of £30m to the company over five years to service its planned franchise network. This will make the Motorhome Hire Franchise the UK’s only supplier of Adria’s superior vehicles for rental.

The Motorhome Hire Franchise has already secured the first of its UK ‘hubs’ in Swindon, to be managed by Alan Amos. The team is now looking for motivated and talented individuals to become a selected business partner, developing a successful business through a strong franchise model.

Source: Out&About Live