Fazenda Soars with Festive Success: Eyes on London and Europe
Posted by Emily on 18th Jan 2024
South American restaurant chain Fazenda is exploring expansion opportunities following a record-breaking Christmas season. The group, which currently operates six restaurants, reported an impressive £4 million turnover during the festive period, marking a 51% increase compared to the previous year.
The recent addition of a London restaurant in Bishopsgate significantly contributed to this success. Exceeding expectations, this location is performing 45% above its projected budget. Its strong performance reflects positively on the Leeds-based group, underscoring Fazenda's impactful presence in the capital.
Tomas Maunier, co-founder and managing director, shared ambitious plans for the group's future. Fazenda aims to establish a third site in London and expand into mainland Europe within the next two years. This expansion strategy aligns with the group's commitment to elevating its regional restaurants, drawing inspiration from the success of its Bishopsgate location.
The group's London restaurant represents a pinnacle of luxury in the Rodizio dining experience. It is known for its unique offering of various grilled meats served tableside for a fixed price. This upscale approach in London marks a significant investment and a new standard for the group.
As Fazenda continues to thrive and expand, we invite you to share your thoughts and comments below about this exciting phase in their journey.