The Italian pizza and pasta restaurant chain, Prezzo, has revealed its intention to revive its development plans after reporting very healthy pre-tax profits in the first 6 months of the year.
The restaurant chain also revealed that it’s struck a deal worth over £3 million to take over 11 Cafe Uno stores in the UK and also the brand trademark. Prezzo say the deal will enable them to open outlets in highly desirable locations in the UK.
All 11 of the acquired sites will be completely refurbished and rebranded as part of Prezzo’s ambitious expansion plans to boost the chain’s profile across the country.
As well as the Cafe Uno takeover, Prezzo is also planning to open a further three new restaurants, two of which are in Scotland namely Glasgow and Aberdeen, and the third in Milton Keynes. At present, Prezzo currently has 145 restaurants in operation in the UK.
Bosses at Prezzo say they have been “encouraged by the level of trading” of late to continue with their plans for expansion. Last week the pizza and pasta restaurant chain revealed their pre-tax profits had risen from £5.1 million to £6 million in the last 6 months to June and an 11% rise in revenue to £48.4 million during the same time period.