Loungers, the Nick Collins-led café/bar/restaurant group, posted like-for-like sales for the 12 weeks post Brexit of 4.8%, which represents a marginal uplift in the groups’ like-for-like performance when compared to the 12-week period immediately preceding the referendum, MCA has learnt.
Collins told MCA: “We haven’t seen any particular shift in levels of trade or customer behaviour on the back of the Brexit vote and encouragingly sales have remained very strong.”
The company, which will reach the milestone of 100 sites by March/April next year, will open its latest site, Novello Lounge, in Telford on Wednesday ahead of a flurry of new openings in the remainder of 2016.
Collins said: “We continue to open sites with confidence on the back of strong like-for-like growth reflecting the great standards and people within the business.”
Novello Lounge opens in a newly built 3,200sq ft unit in Southwater Square following a £525k investment.
The group confirmed additional 2016 Lounge openings will follow in Northampton, Staines, Oldham, Mumbles and Cheadle as well as a 16th Cosy Club, which will open in Liverpool One in early December, taking the overall openings total for 2016 to 20.
Looking beyond 2016 it is understood that there are already deals agreed on a further 20 sites.
Collins said: “Novello Lounge in Telford is our fourteenth opening this year and the pipeline remains very strong looking ahead into 2017 and 2018 for both brands.”