Sfinks is looking for new sources of income
Wpis dostępny jest także w języku: polski
Sfinks Polska, the owner of the Sphinx, Chlopskie Jadlo and Piwiarnia chains began the process of restoring their sales in the third quarter of 2020 after the spring lockdown. In July their revenues were lower than those of the last year by 24%, in August by 21%, and in September by 17%. The company is taking steps in order to mend the losses in their revenue by introducing new sources of generating income, more adapted to the post-pandemic world.
Sphinx is opening up to take out services and food to go
The EBTDA result at the end of September 2020 amounted to PLN 5m, compared to PLN 4m in 2019. The second shut down of the catering industry this year resulted in a loss of 47% revenue in a given month. Sfinks continues to develop sales in delivery and takeout. It is also preparing to launch new sources of revenue: the sale of ready meals in a nationwide grocery store chain in cooperation with Eurocash, as well as a catering offer.
Mending the losses in the revenue
In January and February this year Sphinx had 900 people willing to open food chain restaurants in their franchise. This plan has failed, however, because of the consequent shutdown of dining establishments due to the pandemic. Nonetheless, during the three quarters, the company opened a total of six new restaurants, including three Sphinx and three Fabryka Pizzy restaurants.
Sphinx sales going up thanks to the food delivery services
The pandemic has also influenced the pace of the development of Sphinx in terms of delivery and take-out sales. Earlier investments in this area and projects completed this year resulted in an increase in sales in the delivery segment – after the third quarter of this year. it amounted to PLN 9 million, while in the corresponding period of 2019 – PLN 4.9m. Sfinks worked out these effects by increasing the availability of the offer – developing virtual brands and restaurants without stationary premises.
Currently, the operator has 93 points of coverage of the virtual brands The Burgers, Da Mamma, YOLO Chicken, Oh! PITA and the virtual restaurant Chlopskie Jadlo.