Nightcap PLC The Cocktail Club Birmingham opening (7217H)
April 08 2022 - 2:01AM
UK Regulatory
TIDMNGHT
RNS Number : 7217H
Nightcap PLC
08 April 2022
8 April 2022
Nightcap plc
("Nightcap" or the "Company" or the "Group")
The Cocktail Club Birmingham opening
Nightcap (AIM: NGHT), the owner of The Cocktail Club, the
Adventure Bar Group and the Barrio Familia group of bars, is
delighted to announce a new opening for The Cocktail Club in
Birmingham later this year.
After the successful openings of larger The Cocktail Club venues
in Reading and Bristol over the last few months, the Group will now
open a flagship site at 31 Temple Street, Birmingham, B2 5DB. This
new ground floor site covers an area of approximately 4,600 square
feet, split into three bar areas, with a 2:00 am license Monday to
Sunday and an unrestricted capacity of 450.
The Cocktail Club's new opening will be the third brand from
within the Group to open in Birmingham, alongside Adventure Bar
Group's Tonight Josephine brand and its large outdoor space, Luna
Springs.
This represents the sixth new lease for The Cocktail Club since
Nightcap acquired it last year, taking it to a total of sixteen
sites. Nightcap now has 31 sites within its estate and a further 25
premises under offer or in legal negotiations for all of its brands
and continues to see favourable market conditions for site
acquisitions across the country.
Sarah Willingham, Chief Executive Officer of Nightcap,
commented:
"From the outset we felt that The Cocktail Club format had the
opportunity to successfully operate larger sites. Both Reading and
Bristol exceeded our maturity net sales targets within their first
three months of operation and we are confident that Birmingham will
continue that trajectory with an even larger site."
"We are continuing our expansion programme as scheduled and just
as with the prime areas of London and Cardiff, we are excited to
open multiple formats within prime areas of Birmingham, which is
one of our main target cities for all of our brands."
For further enquiries:
Nightcap plc
Sarah Willingham / Toby Rolph / Gareth email@nightcapplc.com
Edwards
Allenby Capital Limited (Nominated
Adviser and Broker)
Nick Naylor / Alex Brearley / Piers +44 (0) 20 3328 5656
Shimwell (Corporate Finance) www.allenbycapital.com
Matt Butlin / Amrit Nahal / Tony
Quirke (Sales and Corporate Broking)
Bright Star Digital (PR) https://www.brightstardigital.co.uk/
Pam Lyddon +44 (0) 7534 500 829
pamlyddon@brightstardigital.co.uk
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