Turnover at the health-focused QSR brand rose to £17.9 million for the 52 weeks ending December 31, 2023, compared to £11.1 million the previous year. The loss after tax for this period was £703,000, down from £1.36 million the year before.
Farmer J founder Jonathan Recanati expressed that the return of office workers to London has contributed to the business’s growth. He noted, “While we saw a period of significant inflationary pressures following the Covid-19 pandemic, Brexit, and the war in Ukraine, we now see a path to a more stable environment.”
The brand operates 11 locations across the capital and is currently in advanced negotiations for several new sites. Farmer J aims to have 14 locations by year-end and plans to exceed 20 locations by 2025. Additionally, the group is exploring opportunities to expand into the US market.
Founded in 2014, Farmer J recently secured a £5.5 million investment from transatlantic venture capital firm Beringea, which will be used to further develop the brand.
