2019 INTEGRATED REPORT

nikos coalgrill greek

“In just over two years, the Nikos brand has grown to nine restaurants. Further growth will be balanced with appropriate controls to increase profitability.”

 


Performance

The Nikos Coalgrill Greek brand was founded in Durban North in 2016 by seasoned restaurateurs, Peter and Nicolette Triandafillou and Pano Economou. The brand grew rapidly to six outlets, and Spur Corporation acquired 51% of Nikos in August 2018. The brand has nine restaurants, including a smaller model in Rosebank, Johannesburg, with a slightly different menu, aimed at executives and residents on-the-go.

STRATEGIC OUTLOOK

The brand’s strategic intent is for the Nikos brand name to become synonymous with Greek cuisine in South Africa.

The focus for the coming year will be on implementing appropriate back-of-house controls in restaurants to better manage food and labour costs, thereby improving franchisee profitability.

 

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