Ones To Watch, Peter Backman’s twice-yearly report on the fastest growing emerging restaurant brands, has revealed that the highest ranked brand in terms of the rate of growth of store openings over the last three years is Crosstown Doughnuts.
The London-based coffee and doughnut group currently operates 16 sites across the capital.
The new report also showed that the brand opening the most new stores is Canadian bakery and cafe chain, Tim Horton’s, which has 23 UK sites, including drive-throughs, having launched here two years ago.
The brands reflect a common theme of the list, which is the growing popularity of small-footprint, fast food models featuring desserts and coffee. This segment is likely to fuel future growth.
Adam Willis, Co-founder of Crosstown Doughnuts, commented, “We are always happy to see great results feeding through about Crosstown. We see amazing opportunities for us to be able to continue to develop our operation here in the UK, as well as abroad.
'We have really focused over the last five and a half years on sustainable growth at a sensible pace.
'As a true omni-channel retail brand we operate online, with select wholesale-partners, special events & commissioned projects in addition to our retail store options. We are looking forward to 2020.”
Crosstown Doughnuts launched in 2014 from a market stall on Leather Lane, a historic London market founded in the 1600s. This was the first street food trader to accept card payments with no minimum and no additional charge.