Sector: Restaurants and catering
SIC Code: 58120501 RESTAURANT, FAMILY: CHAIN
Country of Origin: Malta |
Target Areas: Worldwide
One of the leading restaurant chains in Malta with a track record of over 25 years in the restaurant sector is opening its doors for investment.
The restaurant chain owns a total of 4 establishments in highly active and key tourism hubs around Malta and it is indeed a household name with various domestic customer segments with an all round average customer satisfaction review of 4 out of 5 in various online restaurant review websites.
Furthermore, international tourism is also a key contributor to the success of this restaurant chain. Tourism in Malta is a key contributor to Malta’s GDP which stood at 27.1% in 2017. Tourist expenditure in Malta increased gradually year on year from 2017 to 2018 and from 2018 to 2019; the latter year seeing a 5.7% increase in tourist expenditure.
Total tourism expenditure in Malta in 2019 stood at EUR2.2billion.
Due to the impact of the Covid-19 crisis tourism demand took a substantial hit in 2020 which may carry forward in first quarter of 2021.
In order to assist the tourism industry, the government of Malta aimed to boost domestic demand by providing nationwide tourism related vouchers to spend in local establishments such as restaurants and hotels. According to local statistics with the assistance of government vouchers, demand in August 2020 in the restaurant sector made 80% of the previous the year.
Although the periods might be turbulent, subject to receiving a cash injection to aid in maintaining efficiency in terms of working capital, the local and very well established restaurant chain may adopt a defensive strategic position in the short term and come out of the crisis strong in the longer term.
Price: €/$ on request
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