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Positive performance from Arc Inspirations

Positive performance from Arc Inspirations

Arc Inspirations has revealed another successful period of strong growth and targeted expansion, as it announces its financial results for its most recent year.

The operator, which runs Banyan Bar & Kitchen, BOX and Manahatta, saw its turnover increase 16.7% from £23.3m to £27.2m, delivering an adjusted EBITDA of £3.7m (15%). The business has opened five sites in Manchester, Leeds and Newcastle across a six-month period.

The company’s strategy of operating sites in ‘clusters’, with several venues located in close proximity and complementary to each other, each targeted at a different customer demographic, is driving the growth.

The business has invested over £7.5m during the period and has seen like-for-like sales increase by 1.1%.

Arc Inspirations plans for further expansion in 2020 and beyond, including plans to expand into new locations across the north and Midlands.