Brasserie Bar Co sees 14% turnover rise as expansion continues
Brasserie Bar Co has seen turnover rise by 14% to £37.2m as it continues to roll out its White Brasserie concept.
The operator of Brasserie Blanc and the White Brasserie Company brands reported that restaurant EBITDA increased 9% to £5.7m, in the results for the 12 months ending June 2015, amid a period of expansion, rebranding and refurbishment.
The results come as the White Brasserie Pubs group enters the second year of its planned three-year rollout, with four further openings set for Old Redding, Locksbottom, Chobham and Cobham, taking the total number of pubs to six.
The group also surrendered the lease on Opera Terrace in London's Covent Garden, which freed up further capital for expansion and refurbishment.
Since the period end the group has opened another two White Brasseries, and has also converted the Brasserie Blanc in Berkhamsted into a pub, which it says is a better fit for the site. There are now nine White Brasserie sites in total, as well as 17 Brasserie Blancs.
The group is still expanding, with a pub site in Alderley Edge and a brasserie site in Knutsford expected to open in the coming months, marking the group's first move to the North West.
Mark Derry, chief executive of Brasserie Bar Co, commented: "The results have been very encouraging and we are well positioned for future growth. 2015 was an important year for Brasserie Bar Co; we reinvigorated the Brasserie Blanc brand and proved the scalability of the White Brasserie concept. There is the huge potential for further sites for both brands. We look forward to fulfilling this potential."
Brasserie Blanc operates across the UK, including Bath, Bristol, Cheltenham, Leeds, Milton Keynes, Oxford, Portsmouth, St Albans and Winchester. It also has five central London locations, the first of which opened in 2010.
The White Brasserie offshoot also has sites in Weybridge, Guildford, Teddington and Ruislip.
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