Brasserie Bar Co, the company behind the Brasserie Blanc and White Brasserie Company, has announced its results for the 12 months ending June 2014. Group reported turnover grew by over 7% to almost £33m and restaurant EBITDA rose by 4% to almost £5.2m for the 12 months to 29 June 2014.
During the period Brasserie Bar Co completed a major refinancing, securing £13.5 million of new funding to support the planned three year roll out of the White Brasserie pubs, and the refurbishment and new brand positioning of the Brasserie Blanc sites. Since the period end the group has opened two further White Brasserie pubs and completed the rebranding of three Brasserie Blanc sites.
Mark Derry, CEO of Brasserie Bar Co said: “We will look back at 2014 and see it as a pivotal year for the group. The major refinancing completed in February created the platform for the transformational developments we have seen since the year end. The White Brasserie pub expansion has been received exceptionally well, and we are now seeing an average weekly turnover across the four sites comfortably exceeding £30k. Equally, the response to the refresh of Brasserie Blanc sites has been very encouraging and we plan to rebrand the rest of the Brasserie Blanc estate over the next two financial years. Both concepts are set for a successful, planned roll-out.”
About Brasserie Bar Co
Brasserie Bar Co operates within the premium casual drinking and dining market in the U.K. The group comprises two core formats: Brasserie Blanc, the French brasserie business inspired by Raymond Blanc, and the White Brasserie Company, a quality pub dining business blending the standards of Brasserie Blanc in local settings in the south of England.
There are currently 20 Brasserie Blanc outlets in the UK located in Bath, Beaconsfield, Berkhamsted, Bristol, Cheltenham, Chichester, Farnham, Leeds, Milton Keynes, Oxford, Portsmouth, St Albans and Winchester. London locations include Chancery Lane, Charlotte St, Covent Garden, Southbank, Threadneedle Street, Tower Hill and St Pauls in the City of London.
There are currently four White Brasserie sites at Locksbottom near Orpington, Old Redding in Harrow, Teddington in Middlesex and Weybridge in Surrey.
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