Posted:01-May-2023
Mikos Gyros plans 20 sites by the end of 2024
Mikos Gyros is planning for 20 sites by the end of 2024 and eventual international expansion.
Hugo Ushida, who launched Mikos Gyros in 2017, said: “The franchise model works really well for us. The sector is really exciting and growing, and it’s a great space to be in. I have seven franchisees and am in talks with an eighth – and I had none this time last year, so it has really taken off these last six months – and that’s with the state the economy is in.”
The brand currently has eight sites and has this year opened in Manchester (delivery only but soon to be bricks-and-mortar), Birmingham (delivery only) and London’s Walthamstow (bricks and mortar). A site in Epsom is currently in negotiations, while the company is also actively looking at sites in Bristol. It has also closed its central production unit in Norbury, south London, and is looking to open one in Leeds instead.
“We’re looking to break into Scotland, the north of England and Ireland, reach the 50-site mark and then go abroad,” Ushida said. “We’ll look at going into New Zealand, Australia and the US, where there is a great demand for high quality with good pricing – and no other Greek operator can beat us on price. We’re about to work with the largest Mediterranean importer in the UK, which will also help with pricing. We’re on track to have ten sites by the end of the year and 20 by the end of 2024.” Ushida said his immediate pipeline will include openings in London’s Wood Green and New Barnet, as well as Leeds and Coventry, while sites in Edinburgh and Glasgow are “in discussions”.
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