Grand Union targets expansion after revenue reaches £7m
Grand Union Islington
London bar group Grand Union has increased revenue by 8.3% to £7.1m.
Site EBITDA at the eight-strong group was £1.3m for the year ending 28 March 2015.
For the nine weeks to 30 March, the Luke Johnson-backed business that was founded in 2006 by chief executive Adam Marshall, reported sales 21.9% ahead of 2014.
This was driven by a strong performance at the relaunched Wandsworth site, whose ‘pleasure garden' space saw sales increase 51% in the first nine weeks of the financial year. Like-for-like sales in the rest of the group were up 17.1% in the same period.
Marshall said: "We have started to gain significant momentum in our estate as a result of several initiatives, which of course included investment in our Wandsworth site. In addition we have upgraded our drinks and food offering, and are implementing a people-focused strategy designed to recruit, train and develop every member of our team to the highest standard.
"Luke and I are firmly of the opinion that group expansion will be the focus for the future."
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