REG - Nightcap PLC - Barrio Covent Garden Opening

NightcapAnnouncement

22/08/2022 07:00

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RNS Number : 6915W  Nightcap PLC  22 August 2022

22 August 2022

 

Nightcap plc

("Nightcap" or the "Company" or the "Group")

 

Barrio Covent Garden Opening

 

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group
and the Barrio Familia group of bars, is delighted to announce the opening of
what will be one of the world's largest Tequila-focussed bars and is the first
new site for its Barrio brand following the acquisition of the Barrio Familia
Group in November 2021.

The latest lease signing at Gillian Lynne Theatre, Parker Street, London, WC2B
5PW has a capacity of 600 arranged across the ground floor and first floor,
measuring approximately 10,500 square feet in total.  It has a 2:30 am
license on Monday to Saturday with a 12:00 am license on Sunday.

This is the first Barrio to open since 2015 and will be the flagship site as
the largest Barrio to date and the largest Nightcap venue in London. It takes
the total number of Barrio branded venues to five.  The site - formerly The
Tropicana Beach Club - is well known to our current senior management team and
once completed it will be one of the largest Tequila-focussed bars in the
world.

Nightcap now has 35 sites within its estate and a further 21 premises under
offer or in legal negotiations for all its brands and continues to see
favourable market conditions for site acquisitions across the UK.

 

Sarah Willingham, Chief Executive Officer of Nightcap, commented:

"When we acquired Barrio in November 2021 we wanted to respond to the growing
demand for Latin-inspired, Margarita and Tequila focussed bars, we always
viewed Barrio as a brand that had significant potential for growth and rollout
and we are absolutely delighted to have secured such a landmark venue in
Central London.

"It is a site that is very well known to our current senior management team at
Barrio and we are very excited about the growth opportunity for the brand, so
it's very fitting that the first new site will be at such an iconic Central
London venue.

"I am so proud of the way that Barrio has integrated into the business since
day one. It is thanks to the hard work and dedication of the teams and all
those involved that they can start their growth journey so quickly after
joining the Nightcap group.

"London will have a new epicentre for margaritas and tacos!"

 

 

For further enquiries:

 Nightcap plc

 Sarah Willingham / Toby Rolph / Gareth Edwards                             email@nightcapplc.com (mailto:email@nightcapplc.com)

 Allenby Capital Limited (Nominated Adviser and Broker)

 Nick Naylor / Alex Brearley / Piers Shimwell (Corporate Finance)

 Jos Pinnington / Amrit Nahal / Tony Quirke (Sales and Corporate Broking)   +44 (0) 20 3328 5656

                                                                            www.allenbycapital.com (http://www.allenbycapital.com/)

 Bright Star Digital (PR)                                                   https://www.brightstardigital.co.uk/ (https://www.brightstardigital.co.uk/)

 Pam Lyddon                                                                 +44 (0) 7534 500 829

                                                                            pamlyddon@brightstardigital.co.uk (mailto:pamlyddon@brightstardigital.co.uk)

 

 

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