Oakman targets 70 sites by 2026
The Oakman Group has revealed it is aiming to be operating 70 pubs by 2026.
The Oakman Group has revealed it is aiming to be operating 70 pubs by 2026, as it shared its financial results for the 21 weeks to Sunday 5 December.
Having delivered sales of just over £26m during the period, Oakman saw a like-for-like sales growth of 16.3% and total growth of 34.1% when compared to 2019.
What's more, it does not expect to be negatively impacted by the recently introduced Plan B restrictions and is forecasting year-end sales in excess of £64m.
Since the start of the pandemic, Oakman has added nine new sites consisting of six Seafood Pubs, The Grand Junction at Bulbourne near Tring, The Woburn (in Woburn) and, the most recently opened The Rose in Wokingham. These sites took the total number from 27 to 36.
Further new sites will open in 2022, with planning permission secured for Watford, Epsom and Ludlow. The company has also acquired a freehold site in Harpenden and has applied for planning permission to develop a three-storey pub, to be named Kingston House, featuring a roof terrace.
Negotiations are at an advanced stage for a site in Gerrards Cross and for further locations in Oxfordshire, Hertfordshire and Lancashire. Oakman plans to have 70 sites open by June 2026.