Four Star Pizza chain's profits on the rise to £230k
The owner of a luxury Belfast hotel saw his pizza chain profits double to €272k (£230k) last year.
Businessman Michael Holland, who owns the five-star Fitzwilliam Hotels in Belfast and Dublin, saw profits soar at his Four Star Pizza chain.
He bought Four Star Pizza out of examinership in 2011. It had been previously backed by Anthuan Xavier and Jason Sheehy.
Accounts for Gonville, the company behind the chain, show that its turnover rose to €1.77m (£1.5m) last year from €1.64m (£1.36m) a year earlier.
There are 55 Four Star Pizza outlets in Ireland, with 14 in Northern Ireland.
The first outlet opened on Belfast's Beersbridge Road 20 years ago.
It sold about 4.5 million pizzas in the last year. It generates its revenue from fees charged to franchisees.
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The accounts also show that during 2018 the company paid a €200,000 management fee to a company called Plazaway, which is owned by Mr Holland.
Earlier this year Four Star Pizza said its revenue had risen 8% in 2018, with six new outlets opened, and is considering a move into the British market.