independent

Monday 21 April 2014

Supermac's boss confirms Australian franchise calls

Supermac's chief Pat McDonagh: 'The rise in claims culture arises from people seeing it as a solution to their economic woes'

SUPERMAC'S boss, Pat McDonagh, confirmed yesterday that he has already received six requests from Australia this week to start franchised Supermac's operations there.

Mr McDonagh confirmed the immediate interest in his Australian expansion plan as he also confirmed pre-tax profits of €5m last year (2012) at his fast food group.

The managing director of Supermac's was commenting on new accounts filed with the Companies Office that how that pre-tax profits dipped slightly from €5m to €4.98m in the 12 months to the end of December 2011.

New figures lodged by Supermac's Holdings Ltd show that the group increased revenues in 2011 by 7pc, from €60.5m to €64.9m.

Mr McDonagh said yesterday that that 2012 and 2011 have been "positive years for the business and that is due to our customers and the hard work of staff and management".

The former school teacher said that revenues last year increased by 3.5pc, with profits increasing by under 1pc on 2011.

Mr McDonagh added that the group will open up four outlets in Ireland this year, subject to planning. He confirmed that the group – between owner-operated and franchised outlets – operates 104 outlets in Ireland, employing up to 2,500.

On the planned Australian expansion, Mr McDonagh said that he hopes to open one outlet this year in either Sydney, Melbourne or Perth.

He said that he would hope to open a further two in 2014 and two in 2015.

Mr McDonagh said: "That is where the market is and we will be taking one step at a time until we find our feet."

He added: "Taytos and Barry's Tea export so why can't we, and Irish people in Australia will be able to get the same curry chip or Supermac's 5-oz burger they get at home in Ireland."

The new accounts show that Mr McDonagh has a large amount of cash to invest in any new venture, with cash totalling €17m at the end of December 2011.

Irish Independent

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