Sales up over 50% at Mission Mars
Group revenue for Mission Mars - which operates 32 sites - totalled £71.1m versus £47.1m in 2022 with its Albert’s Schloss brand contributing £32.3m (FY22 £21.6m) and Rudy’s £29.3m (FY22 £16.1m).
On a like-for-like basis, comparing its Manchester, Birmingham and Liverpool venues, beer hall concept Albert’s Schloss delivered growth of 6% in FY23, whilst Neopolitain pizza concept Rudy’s delivered 24%.
Both brands were around 15% ahead of their comparable market segments in the Peach Coffer Tracker for the same period.
Group adjusted EBITDA (adjusted for one off site opening costs and exceptional costs) for the period was £8.7m (FY22 £5.2m).
Significant expansion is planned for both of Mission Mars’ main brands with the group planning to launch a total of nine Rudy’s sites this year and currently in legals and negotiating on a number of potential Albert’s Schloss locations.
Earlier this month, Mission Mars opened its largest Albert’s Schloss to date within the former Rainforest Café site on London’s Shaftesbury Avenue following a £8m investment.
Commenting on the FY23 performance, Mission Mars chief executive Roy Ellis said that continued strong trading over a sustained period gave the group confidence that both its Albert’s Schloss and Rudy’s Pizza Napoletana brands are well set to deliver growth and are likely to trade successfully in all parts of the UK.
