Expansion of Brasserie Bar Co sees tu…

The 36-strong Brasserie Bar Co – the group behind Brasserie Blanc and the White Brasserie Company – has reported a 14% increase in turnover to £46.8m due to new openings.

For the 12 months ending July 2017 EBITDA from continuing sites increased by 23.7% to £7.3m, up £1.4m on the previous year (2016: £5.9m).

The company credits its refinancing with OakNorth Bank in May 2017 as the driver for steady expansion.

During the period the group opened six sites: four White Brasserie pubs in Surrey, Upminster, east London and Chalfont St Peter, Buckinghamshire; and a Brasserie Blancs in London’s Fulham Reach and at the Marriott Highcliffe Hotel, Bournemouth (the company’s first hotel site).

Mark Derry, CEO of Brasserie Bar Co said: “In a difficult year for the licensed retail sector, we are delighted to report another period of considerable achievement. We served some 1.6m guests, collected 40,000 pieces of feedback with an average score of nine out of 10 and saw eight sites breaking sales records. Financing from OakNorth Bank has enabled our roll-out plans to open 24 new sites in the next five years. We look forward to growing our estate and our team despite industry challenges.”

The Brasserie Bar Co comprises two brands: Brasserie Blanc, the French brasserie group inspired by Raymond Blanc and the White Brasserie Company, a quality dining business replicating the standards of Brasserie Blanc in a pub setting.

There are currently 20 Brasserie Blanc outlets and 16 White Brasserie sites in the UK.

Picture caption: Mark Derry and Raymond Blanc

Brasserie Bar Co to open first hotel site >>

Brasserie Bar Co secures £20m finance deal to open 24 new sites >>

Brasserie Bar Co opens fourth pub >>

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Post Author: MNS Master

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