“Sales were in line with expectations, we had budgeted 12% but ended with 11% growth. The growth was because of the higher number of customers we had in our restaurants. I expect an even higher growth over the coming period, because of the better weather to a certain extent,” Dragos Petrescu, the owner of City Grill, told ZF.
The City Grill group expanded by two new Trattoria Buongiorno restaurants last year – one in Bucharest’s Old Town and the other one near the National Arena stadium in the same city, investing EUR1 million in them. It is now looking for space for two more restaurants.
City Grill ended last year with EUR33.7 million revenue, up 11% on 2016.
There are 24,400 restaurants, bars and catering companies in operation in Romania, whose total revenue stands at RON9.8 billion, according to Finance Ministry data.
(English version by Loredana Fratila-Cristescu)