RE: Daily additions29 Jan 2020 08:55
My recent research into companies that have made a success of this type of business shows that it is better to have a lot of restaurants in one location rather than a few restaurants in many locations. This encourages competition amongst the restaurants and attracts diners who will use many of the restaurants and also tell family and friends who will do the same.
I would like to see the top ten cities in the UK targeted first - London, Birmingham, Manchester, Leeds, Liverpool, Edinburgh, Glasgow, Sheffield, Nottingham, Cardiff - and 50 to 100 added in all of these cities with upwards of 250/350 in London.
Then they should roll-out to the Tier 2 cities - Derby, Blackpool, Swansea, Portsmouth, etc, etc plus the larger counties such as Essex, Surrey, etc, etc.
Then Tier 3, mid-size counties, etc, etc.
To me, this looks as if the telesales team has come completely off the rails altogether, hence why I have greatly reduced my holding for now, and that unless something is done about this very soon by the directors then this will impair both the future prospects here as well as the share price. 1 restaurant in Aberdeen, Barnsley, Blackburn etc and places like Bushey, Thame and Llandovery are going to do this company far more harm than good. There are 25 locations with just one restaurant as of today.