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25-Apr-2016. After a record end year, casual dining steak house group Steakout has announced Middle East Expansion plans.

“We have signed a master franchise agreement with an investor and together we are planning to open six Steakout restaurants in Middle East by the end of 2017. We are expecting this deal to increase our turnover by 20 per cent and our profit by 50 per cent. We really believe that steak is the next big thing in casual dining and our sales growth reflects this”, says founder Kaysor Ali, “our plan is to do for steak what others in the casual dining sector have done for sushi and gourmet burgers.”

“We have been delighted with record year-end figures, which have shown a 400 per cent sales growth since 2014, returning net profits of 11 per cent in 2015 and estimated revenue of £1.2million for year ending March 2016, which is set to triple by the end of 2017, with the acquisition of the Middle East contract.” says Ali. All Steakout...

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