Loungers continues rapid expansion with 25 new sites planned for 2018

27 June 2018 by
Loungers continues rapid expansion with 25 new sites planned for 2018

Café/bar/restaurant group Loungers is set to reach 140 sites by the end of the year with 25 new sites in the 2018 pipeline, bosses have announced.

The group, which comprises 104 Lounges and 22 Cosy Clubs, has already opened 12 sites this year and has openings advanced into 2019.

Nick Collins, chief executive of Loungers, said: "We are pleased with trading both in terms of our new openings and the consistent level of growth which we are achieving across both brands in our more established sites.

"Whilst a plethora of retail opportunities are being presented to us, our site selection strategy is, as always, firmly focused on maintaining strict rental parameters and returns criteria. We remain comfortable with the current rate of roll-out and continue to work hard to ensure we are delivering better experiences for our teams, customers and the communities in which we serve."

In its most recent results published with Companies House, for the 12 months to 23 April 2017, Loungers reported like-for-like sales up 5.3%, with pre-tax profits of £3.1m.

Top 100: Alex Reilley, Loungers>>

Loungers' turnover passes £90m mark>>

Alex Reilley: Government should take hospitality seriously to avert recruitment crisis>>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking