Eclectic, the bar and club operator, has reported a 2% increase in like-for-like sales for the 52 weeks to 27 June 2010, writes Ewan Turney. Eclectic, in which private equity firm Avanti Capital has a 60% stake, saw total sales rise 12%. It said its midweek business continues to grow year on year. For the 15 weeks since July, like-for-likes have risen 6.9% while total sales are up 4.4% on last year. Its Sakura venues, which opened in Lincoln in October 2007 and in Reading in May 2008, both exceeded targets with returns of 56% and 54% in their first two years of trading. A third Sakura site opened in Manchester in October. Embargo 59, in Chelsea, which was refurbished in June 2009, has already fully repaid its investment costs, leaving it on track to deliver a return of 130% at the end of its first year. In a statement, it said: "Eclectic's overall strategy is to continue to assemble, grow and improve a large portfolio of bars. "The current and new brands within the estate have proved to be strong and resilient cash contributors, which provide an excellent template from which to develop and enhance the many venues and businesses coming onto the market from failed operators. "Market conditions continue to present prospects for sensibly-priced acquisitions which will enable Eclectic to consolidate its strong position in the sector."