Search
The Caterer

Charterhouse Leisure sees sales grow 20%

14 April 2016 by
Charterhouse Leisure sees sales grow 20%

Coal Bar and Grill operator Charterhouse Leisure, has reported sales growth of 19.6% to £12.2m for the year to February 2016.

The group, which also runs Severnsheds, said that site EBITDA was up 12.5% to £1.8m.

Group EBITDA was up 22.9% at £1.094m.

Charterhouse operated 10 sites at the end of the financial year with two more under contract.

Founder and chief executive John Gater said: "This was a year of working with our teams to consolidate our performance, develop our customer engagement, improve our marketing and prepare ourselves for a period of growth.

"I am delighted that we now have two sites under contract and confirm that negotiations are developing well on many more sites across the country where we can expand the Coal Grill and Bar brand."

The company has appointed Christie & Co to review strategic options for the business.

Charterhouse Leisure seeks secondary buyout for Coal Bar and Grill >>

Charterhouse Leisure plans 18 new Coal Bar and Grill sites >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!