Tags:

Premium Bars & Restaurants see sales rise

Chris Druce
Tuesday 08 January 2008 10:50
The Living Room, W1

Premium Bars & Restaurants saw total group sales leap by more than 100% in December thanks to a record breaking performance from its Living Room brand.

The company, previously Ultimate Leisure, snapped up Living Room from Living Ventures in a £8.75m deal last June.

In the three weeks ended 23 December, The Living Room averaged weekly sales per site of more than £83,000, a brand record.

Mark Jones, chairman at Premium Bars & Restaurants, said: “Overall we are pleased with our performance in the crucial month of December.

“Our strategy is now clear and defined involving the roll out of our brands – The Living Room, Bel & Dragon and Prohibition.”

In the six months to the year end, the company disposed of five sites and opened a new Prohibition in St Katharine’s Dock in the City. 

It has also exchanged contracts on a new Living Room site for The Hub restaurant complex in Milton Keynes.

Living Ventures reveals new Est Est Est name >> 

By Chris Druce

E-mail your comments to Chris Druce here.

 

The Caterer Blog
Catch up with more news and gossip on the Caterer Blog here
Newswire
For the latest hospitality news, sign up for our e-mail news alerts.

Recommended articles

Articles from the web

 
Profiting from 2012: Case Studies

Slash VAT, Boost business - Sign the petition now!

Latest Video

Foraging – why all the attention?

Using foraged ingredients is nothing new but the trend has become more mainstream over the past two years. However, the wider use of foraged food in restaurants also carries a certain amount of danger.

Watch here

Best of chef

Best of Chef – now available online

Best of Chef – now available online
View it now

Videos

Video: Foraging – why all the attention? Video: Bordeaux Revisited with Ronan Sayburn Claire John Campbell
Foraging:
why all the attention?
Watch the video here
Bordeaux Revisited
with Ronan Sayburn
Watch the video here
Claire Clark
masterclass
Watch the video here
Interview with John Campbell
at Coworth Park
Watch the video here