Posted:08-February-2023
Wingstop UK weekly sales revenue exceeds £1m, to open its first standalone retail unit
Lemon Pepper Holdings, which is rolling out Wingstop across the UK, saw average weekly sales exceed £1m at the end of 2022, as it secured its first standalone unit on a retail park.
The company, which operates 29 sites across the UK, also said “2023 shows no sign of growth slowing”, with like-for-like sales in January 2023 at 50%-plus versus 2022.
It comes as the business said it had acquired the former Bella Italia at Gallions Reach Retail Park, Beckton, east London. The unit was acquired off-market and is located directly adjacent to Nando’s and McDonalds. The 100-plus cover restaurant is expected to open late March/early April. Gallions Reach is the largest shopping park in Greater London and the M25 at 325,000 square foot.
Tom Grogan, co-founder and director of Lemon Pepper Holdings, said: “Off the back of an extremely strong year of trade in 2022, we’re delighted to have started the year with another great acquisition. The location of the scheme and prominence of the unit is ideal. We have a young target catchment on our doorstep, with more than 66% of the catchment population under 40.”
Last year, the business opened 11 new locations, with its headcount increasing to circa 1,000 and saw more than 2.2 million customers served across the country.
Lemon Pepper Holdings said it expects to exceed 2022 development numbers with several new locations already secured for the year.
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