herald

Monday 18 December 2017

Eddie Rockets set to take off on Continent

Eddie Rockets Launch
Eddie Rockets Launch

Fast food diner chain Eddie Rockets is spreading to mainland Europe.

The restaurant group is eyeing up expansion opportunities in the Spanish and German markets this year.

It is hoping to extend into the international market with the hope of creating 100 new restaurants in Ireland and across Europe by 2018.

According to founder Niall Fortune, the chain will also expand through a €2m crowd-funded campaign to open a further 20 stores in Ireland.

ripe

Mr Fortune said he believes the time is ripe for the European expansion.

"We have appointed a country manager in Germany and one in Spain where we already have a shop," he said.

"Our preferred mode of expansion would be through multi-unit franchises who are established in the business and could look at three or four restaurants."

Mr Fortune is hoping to grant licences to area developers abroad with the aim of getting two stores built in Berlin.

Eddie Rockets has been open for more than 25 years with 36 restaurants in Ireland, 14 of which are owned by the company directly.

Aside from mainland Europe, the company is also hoping to expand into the UK market. It opened a restaurant in Newry last year.

That opening created two dozen new jobs in a €1m investment that saw the restaurant chain enter Northern Ireland for the first time.

Mr Fortune said in an interview at the weekend that he hopes to start the crowd-funding campaign within the next three months, with the aim of raising €100,000 for each of the 20 new restaurants.

He had previously said that Eddie Rockets had an annual turnover of €50m.

Last month the chain created 50 jobs at its two new restaurants at the IFSC on North Wall Quay and in the Jervis Shopping Centre.

hnews@herald.ie

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