Cornwall-headquartered burger chain Hub Box has reported record sales of £12.6m partly thanks to the staycation boom in the South West -and is now looking to expand across the UK.
The company, which has its head office in Truro and is about to open a large new restaurant in Plymouth’s Royal William Yard, said it could expand from its current 11 outlets to more than 100.
This optimism comes after it saw its 2021 revenue increase by 75%, to £12.6m, compared to the £7.2m it earned the previous year. Its unaudited company EBITDA (earnings before interest, taxes, depreciation and amortisation), a measure of profitability, rose to £1.47m, up from £539,000 in 2020. Like-for-like sales for the 33 weeks following the easing of restrictions on May 17, 2021, were up by 25.1% against 2019.
