Like-for-like sales rise 8.4% at Be At One

01 November 2010 by
Like-for-like sales rise 8.4% at Be At One

Like-for-like sales at London cocktail bar operator Be At One]( have risen 8.4% for the six months to the end of 3 October.

Meanwhile group sales are up 25% to almost £4m once sales at its tenth site, opened in Shoreditch in July, were taken into account. The new bar is the largest in Be At One's estate, with a capacity of 300 and a new design reflecting cocktail bars of the 1930s.

Earnings before interest, tax, depreciation and amortisation (EBITDA) after head office costs were also up 12% to £767,218.

The company said it was also on track to meet its strategy of opening two more bars in 2010 and five in 2011.

Rhys Oldfield, co-founder, said: "We are pleased to announce that Be At One has started its 13th year of trading with strong like-for-like sales growth. Our concept of consistently great cocktails, superior service and classic tunes continues to deliver exactly what our customers desire.

"We continued to expand with our 10th site opening in Shoreditch. This site has performed in line with our expectations and is a great addition to our group. We continue to look for more sites and remain confident that we will open another two sites this financial year and five next year."

The company has also appointed Andrew Stones as operations director. Stones has previously worked for Whitbread, JD Wetherspoon, Esporta and most recently as group operations director of American Amusements.

Be At One was founded in 1998 by three former TGI Fridays bartenders: Leigh Miller, Rhys Oldfield and Steve Locke.

Be At One boosts like-for-like sales by 13% >>

Be At One opens 10th site >>

Be At One defies recession with 120% increase in annual profit >>

By Neil Gerrard

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