Eggfree Cake Box has reported impressive annual results
Eggfree Cake Box has reported impressive annual results despite the pandemic. Released last week, they announced that revenue grew 16.9% and gross profit was up 23.8% from 2020.
The brand has continued to operate during lockdown, and in an interview with Ashtons Franchise Consulting, CEO Sukh Chamdal, said ‘when there is a crisis you will always celebrate that one occasion… for us it has been a boom year’.
The last trading year has also seen the opening of 24 new franchised locations, meaning that as at 31st March 2021 they had a total of 157 franchised locations.
Formed in 2008 in a single shop in East London, and franchised in 2009, the brand has consistently grown in leaps and bounds and moved with the times. Today, they offer home delivery, have launched products containing egg free custard, plus a wide range of vegan and gluten free products.
A full presentation of their results and their success story can be viewed in the YouTube video below:
For more information about Eggfree Cake Box visit www.eggfreecake.co.uk
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Tags: Ashtons Franchise Consulting client, Franchise, Franchise expansion, Franchisee, Franchising, UK growth
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