Cake Box, has said it has made a sustained recovery since the height of the coronavirus pandemic when its stores were closed for six weeks. In the six months to 30 September, EBITDA edged up 0.5% to £1.98 million, although pre-tax profit fell by 4% to £1.66 million.
Meanwhile, the company’s online sales increased by 51% as trade was boosted by the launch of new home delivery services with Uber Eats, Just Eat and Deliveroo.
Sukh Chamdal, Cake Box chief executive, said: “We have shown considerable resilience during an unprecedented half year period and have emerged a stronger business for it. This is demonstrated by the strength of our trading momentum since reopening the business, with our franchisee like-for-like sales up by 12.1%, including a 51% increase in online franchisee sales, six new franchise stores opened and a record number of new store applications. This gives us confidence that the momentum in our national rollout will return to pre-Covid levels.”
At the end of the period, Cake Box had 139 franchise stores in operation and has launched five new stores since the period end.
