Danieli Group has announced plans to expand its Stack food hall and live music concept to more than 10 sites over the next five years following a strong sales performance.
The group has just reported record profits, with sales of £14.6m and EBITDA of £4.6m for the year to April 2022, which it said had given it the confidence to continue with its rapid expansion plan.
The north east leisure operator, which currently operates Stack Seaburn in Sunderland, has sites planned to open in Durham, Bishop Auckland, Carlisle and Lincoln, as well as a three-year pop-up scheme in Middlesborough.
Work is also underway on its new flagship site in Newcastle city centre – the business had previously operated a site in Newcastle which was forced to close last year for the development of the land it was on, but whose sales figures are included in the aforementioned results – which is due to open in June 2024.
“This is a very exciting time for the Danieli Group and the Stack brand as we hope to expand to 11 sites within the next four to five years,” Neill Winch, CEO, Danieli Group, said.
“We have a number of other sites progressing through legals and a pipeline that will ultimately see Stack become a household name.”
Its two initial north east Stacks were purpose-built container villages, but the concept is now expanding into repurposed buildings at some of its new locations.
Danieli Group also operates pan-Asian restaurant The Muddler, and two Yolo cocktail bar locations.
