Nightcap estimates 13 days of rail strikes has cost the business about £1.2m but like-for-like (lfl) revenue has risen by almost 50%, according to the company’s interim results for the 26-week period ended 1 January 2023.
Revolution Bars Group has reported an increase in total sales from £74.1m to £76m thanks to a bumper Christmas period that saw record breaking like-for-like (lfl) pre-booked party revenue, in the 26 weeks ended 31 December 2022.
Firms are “underestimating the opportunities” presented by M&A activity within the sector as operators look to take on “smaller locations”, according to property experts.
Loungers chairman and co-founder Alex Reilley believes the sector has more to be positive about than the widely predicted ‘economic armageddon’ it was expected to face as the business gets ready to open its first Brightside roadside concept.
Revolution Bars Group has a strong pipeline in place but remains focused on integrating Peach Pubs into the company in the short term, according to chief executive Rob Pitcher.
Revolution Bars Group has reported its like-for-like (lfl) sales fell by 9% for the Christmas period versus 2019 – the last time results were not affected by Covid – adding it will close sites on Mondays and Tuesdays.
Bar operator Nightcap has reported a record-breaking boost of 60.9% in its revenue and a 4.7% hike in like-for-like sales in the 13 weeks to 1 January 2023.
South east-based multiple operator New Dawn Pubs (NDP) is opening its fifth site, following a seven-figure investment into the property and its refurbishment.
Amid the ongoing cost-of-living crisis, multiple operator The Inn Collection Group is inviting over 65s to use the pubs as a warm space alongside a special offer on hot drinks.
Loungers, multiple operator of café-bar and restaurants brands Lounge and Cosy Club, has secured a fourth site for its roadside dining concept Brightside.
Nightcap, the owner of The Cocktail Club, the Adventure Bar Group and Barrio Familia bars, has reported an increase from £6m revenue to £36m for its first full year of trading and gross profit of £28.6m up from £4.5m.
Loungers, multiple operator of café-bar and restaurants brands Lounge and Cosy Club, is set to reinvigorate the spirit of the ’70s and ’80s in Britain with the launch of roadside dining concept Brightside.
Founder of Peach Pubs, Lee Cash, has invested in The Cat & Wickets Pub Company, which was established by cricketers Harry Gurney and Stuart Broad – who plan to have two sites open in April 2023 and five by 2025.
The Morning Advertiser's Ed Bedington caught up with award winning operator Adrian Emmett of The Lion Treorchy to hear his take on the week's news which has seen yet another Prime Minister brought step down.
Our Yummy Collection has announced the appointment of Paul Pavli – former managing director of Punch Pubs and sector adviser – as a non-executive director as the business eyes growth.
Revenue at Anglian Country Inns increased to £14.3m (£5.4m: 2021) which represented a 20% increase in like-for-likes on 2019, according to its annual report for the 52 weeks ended 3 April 2022.
Revolution Bars Group has return to profitability having turned a £26.3m loss before tax in 2021 into a positive £2.1m gain, according to its preliminary results for the 52 weeks ended 2 July 2022.
Revolution Bars Group has acquired The Peach Pub Company for a consideration of £16.5m in a bid to accelerate and diversify Revolution’s growth strategy.
Multiple pubs with rooms operator The Inn Collection Group has taken a second site in Wales after completing on the purchase of the Bull in Beaumaris on the Isle of Anglesey.
Bar group Loungers has credited its brands’ “relevance and resilience” for a 17% growth in like-for-like (lfl) sales versus 2019 in a trading update for the 24 weeks ended 2 October 2022.
