Avalanche restaurants invest £2 million in new Manchester sites creating 100 jobs
Manchester-based Italian restaurant Avalanche is set to invest more than £2 million in the city, with the of launch two additional sites.
The establishments will create more than 100 jobs. The restaurant and bar, located on Booth Street, plans to build on the success of its current venue with two new locations, based in the city centre and South Manchester.
The restaurant has reported month-on-month growth in sales and restaurant covers and a turnover of £2 million in its first year of trade.
Zara Ishaq, managing director of Avalanche, said: “Avalanche has witnessed rapid growth since its initial launch – exceeding the original business plan and surpassing our projected turnover figure for 2013.”
“Over the past 18 months we have created a loyal customer-base and built a credible reputation and brand that has become synonymous with fine Italian dining.
“We had initially planned to launch additional sites within Manchester over the coming years. However, the success of our first venue has accelerated this process.
“The two new locations will further strengthen Avalanche’s presence within Manchester, allowing us to expand our offering within city’s vibrant hospitality and dining market.
“In addition to this, we are committed to launching the Avalanche brand farther afield, and will start to look to other cities – including London – once the new Manchester properties are up and running.
Avalanche was opened towards the end of 2012.The business is forecast to turnover £10 million by the third quarter of 2015, and is set to expand to 1000 covers towards the end of that year.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector