The Craft Beer Co. which operates seven sites across London and one in Brighton, has reported like for likes up 11.3% 2016 against 2015.
The news comes just a few weeks after the successful opening of their latest venue in London’s Limehouse and the first years trading at their site in the City on St. Mary Axe, in the shadow of the Gherkin.
December alone traded up 15.5% across the estate with the addition of Limehouse in mid December, but was 8.4% up like for like.
The Craft Beer Co. MD and Founder, Martin Hayes, commented: “It’s been a great year for us, not only have our existing sites traded very well, but our St. Mary Axe site has blown-away expectations in year one and the new site in Limehouse has hit the ground running. The instant success of Limehouse has forced our hand to start phase two there earlier than we’d anticipated, which will result in us redeveloping the first floor to add trading space. What has perhaps been more satisfying is the performance of our established sites, with one being 13.5% up like for like 2016 over 2015, proving to me that there’s plenty left in the market for the right offer.”
Talking about the year ahead, Martin Commented: “I still see a lot of growth in London for us, the trick, as always, is to find the right deals and not over-pay.
I’ll look to spend a lot of time searching for landlords who share our desire to build a long-term relationship. The offer works in a very diverse range of areas already, so we can literally open anywhere but London is where we will focus.”
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The Craft Beer Co operates sites across London (Covent Garden, Brixton, Clerkenwell, Islington, Clapham, St Mary Axe, Limehouse) as well as a site in Brighton.
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