Loungers on target to hit 100 sites by 2017

07 April 2015 by
Loungers on target to hit 100 sites by 2017

Loungers has said it is on track to reach 100 sites by the end of 2016 after opening Cordero Lounge in Frome.

The Bristol-based operator's new 160-cover site located in a former retail unit in the town's Westway scheme takes its current total to 60, with more on the way.

It will open Caballo Lounge in Epsom on 22 April, followed by the opening of its ninth Cosy Club, in Birmingham on 14 May and Palacio Lounge in Falmouth on 28 May.

Loungers managing director Nick Collins said: "It's a great achievement for the business to reach 60 sites and we feel that Frome could be a great town for us.

"Our pipeline of new sites is extremely well formed now and we should see our 70th site open in September and reach our target of having 75 sites by the end of the calendar year. It is our intention to open a further 25 sites in 2016."

Loungers net sales for the current financial year (ending April 2015) are expected to be around £48m.

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