Turnover up at restaurant chain
Buzzworks defies slowdown with plans for new outlets
Eastern expansion: Scotts at Port Edgar (pic: Terry Murden)
Hospitality group Buzzworks Holdings has reported a 9% increase in turnover to £16.2m for 2018 (2017: £14.8m) as it plans expansion against a slowdown in the restaurant trade.
Pre-tax profits for the company were not declared but “continued to be positive” with the company investing £1.8m during this financial year on new venues, its existing portfolio and staff development. There was a 6% increase in employees from 438 to 466 over the period.
During the year the family-owned company extended from its Ayrshire base to the East Coast for the first time with the opening of Scotts at Port Edgar Marina, South Queensferry, taking the number of venues to 11.
Kenny Blair, Managing Director at Buzzworks Holdings, said: “We are forging on with our planned growth strategy for the future and the focus is on making 2019 even more successful.
“Even with industry wide challenges including rising supplier costs, alongside the uncertainty of Brexit, we have continued to not only increase our turnover, but invest heavily in both the portfolio and our people.
“We have spent more than £100,000 in the last year alone to introduce industry leading work life balance initiatives for our people, including decreasing the working week without decreasing pay and paying overtime for every hour worked or time in lieu. We have also increased our training initiatives to encourage personal growth and development for everyone within the company.
“Providing a positive working environment for all staff, along with the knowledge and tools to deliver an exceptional experience to our customers, is key to not only building Buzzworks up year on year, it ensures we attract and retain the best talent within the industry.”