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Loungers takes £600,000 in a single week in December

04 January 2013 by
Loungers takes £600,000 in a single week in December

Bristol-based cafe/bar/restaurant group Loungers enjoyed the busiest seven days in its history after it took net sales exceeding £600,000 in the week beginning 10 December 2012.

Meanwhile, the firm enjoyed a like-for-like sales increase of 4.1% for the month of December. Total year-on-year net sales growth was up much more, by 48.5%, helped by Loungers' continued rapid expansion.

The group, which opened its 29th site, Marino Lounge in Brighton, on 19 December, revealed that its recently opened Cosy Club in Cardiff was its best performing unit in December with net sales of £208k.

Loungers managing director Alex Reilley said: "We are extremely pleased with turnover in December and in particular how strongly the 5 Cosy Clubs traded. To register an almost 50% increase in net sales is great and we're pleased with our LFL increase for the month, particularly as we had a very strong December in 2011".

Loungers opens its 30th site, Grupo Lounge in the Bristol suburb of Westbury-on-Trym, later this month, which will be the first of 12 anticipated openings in 2013.

Loungers revenue up 38% as expansion continues >>

Loungers secures £16m investment from Piper >>

>>

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