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REG - Nightcap PLC - The Cocktail Club Birmingham opening

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RNS Number : 7217H  Nightcap PLC  08 April 2022

8 April 2022

 

Nightcap plc

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

 

The Cocktail Club Birmingham 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 a new opening
for The Cocktail Club in Birmingham later this year.

After the successful openings of larger The Cocktail Club venues in Reading
and Bristol over the last few months, the Group will now open a flagship site
at 31 Temple Street, Birmingham, B2 5DB.  This new ground floor site covers
an area of approximately 4,600 square feet, split into three bar areas, with a
2:00 am license Monday to Sunday and an unrestricted capacity of 450.

The Cocktail Club's new opening will be the third brand from within the Group
to open in Birmingham, alongside Adventure Bar Group's Tonight Josephine brand
and its large outdoor space, Luna Springs.

This represents the sixth new lease for The Cocktail Club since Nightcap
acquired it last year, taking it to a total of sixteen sites.  Nightcap now
has 31 sites within its estate and a further 25 premises under offer or in
legal negotiations for all of its brands and continues to see favourable
market conditions for site acquisitions across the country.

 

 

Sarah Willingham, Chief Executive Officer of Nightcap, commented:

"From the outset we felt that The Cocktail Club format had the opportunity to
successfully operate larger sites. Both Reading and Bristol exceeded our
maturity net sales targets within their first three months of operation and we
are confident that Birmingham will continue that trajectory with an even
larger site."

"We are continuing our expansion programme as scheduled and just as with the
prime areas of London and Cardiff, we are excited to open multiple formats
within prime areas of Birmingham, which is one of our main target cities for
all of our brands."

 

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)

 Matt Butlin / 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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