RE: Gross margins are horrible on this10 Feb 2020 20:04
Pulled from the trading statement fyi troll
Franchise estate
· The franchise estate delivered unaudited revenue of £1.0m which was in line with FY18.
· Overall performance was satisfactory, with EBITDA in line with management's expectations, albeit with a slight reduction in the number of active franchisees.
· Good progress has been made with the newly signed US franchise partner. The first game has been shipped and is due to be installed in Houston in the coming weeks. Management remains excited about the longer term prospects for the US franchise business and believes that, in time, the US business will deliver substantial growth.