Nightcap Q3 sales jump 52% on 2019 levels

Nightcap has announced its unaudited group sales for Q3 2022 were £9.6m, which represents a 52.7% net sales increase compared to the same period in 2019.

It takes the total sales in the first three quarters of FY2022 to £25.2m, a 48.6% increase on 2019, after £7.6m in Q1 and £7.9m in Q2.

The group has also announced the signing of four new leases – a flagship The Cocktail Club site in Birmingham and another in Cardiff, a Blame Gloria site in Bristol and a Tonight Josephine site in Liverpool. The majority of these sites are expected to open and start trading before the end of June 2022.

Nightcap currently has a further 23 sites in legal negotiations or under offer across all
of its brands, including its most recently acquired Barrio brand.

Sarah Willingham, chief executive officer of Nightcap, said: “We continue to deliver on our promise to build the leading premium bar group in the UK. As seen from our Q3 revenue numbers, our run rate revenue is developing nicely.

“We are mid-build on several new openings, we continue to negotiate on a string of
new attractive leases and we have the cash required for our incredible teams to deliver
on the strategy for their individual brands.”