New restaurants help beef up trade for Camile
CAMILE founder Brody Sweeney said that his Thai restaurant business is enjoying “a significant improvement” in trade this year boosted by the opening of five new restaurants.
Mr Sweeney was commenting on new accounts filed by his Camile Kitchen showing that the business last year recorded profits of €326,715 – a 21pc drop on the profits of €414,681 in 2017. Mr Sweeney said that 2018 was “a difficult year” for the business “with the extreme weather events – snow and a long hot summer”.
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“The expected like for like sales growth for the year didn’t materialise – hence the tough year,” he said.
The business has undergone rapid growth in recent years and it today operates 15 Camile restaurants in the capital with another six outside Dublin in Ashbourne, Limerick, Naas, Bishopstown-Cork, Greystones and Navan.
The outlets at Greystones, Navan and Ashbourne have all opened in 2019 along with two more in London at Battersea Park and Islington.
The firm’s accumulated profits last year increased from €1.63m to €1.96m. The company’s cash pile increased from €203,867 to €754,926. Numbers employed decreased from 211 to 117. The firm’s profits take account of non-cash depreciation costs of €291,171.
Mr Sweeney said that more restaurants are planned to open in Dublin, Galway, Kildare and London before Christmas.
“We’re very excited about the potential [in London],” he said. The business today operates six restaurants in London.