Tapas restaurant group La Tasca has reported a bright start to life on the stock exchange when it said annual profits rose 56 per cent to £2.4 million.
The Manchester- based group, which has sites in Solihull, Star City and Broad Street, Birmingham, said it believed the continued popularity of Spain as a holiday destination was fuelling demand.
It pledged to open more restaurants across the UK with the ultimate aim of doubling its number of outlets to around 100.
Chief executive James Horler said more sites could be added in the Midlands, with the group particularly targetting the Wolverhampton area.
He said there could also be scope for more sites in the La Vina brand, which has recently opened two restaurants in the UK, aimed at a slightly older customer base.
"We might do something in Wolverhampton and we are looking around the Midlands. We are also looking to build on La Vina, so that could be quite interesting," he said.
La Tasca was founded in 1993 and floated on the Alternative Investment Market in February with a value of around £54 million.
Mr Horler said Britons' love of Spanish holidays was a major factor in La Tasca's popularity.
He said: "For many people it is a way to remember their Spanish holiday by going for a meal with us."