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.