CG Restaurants & Bars continues to seek out new sites for its Dirty Martini bars as it celebrates an upturn in predicted earnings.
It has forecast that earnings (EBITDA) at site level will rise to £5.1 million in 2018, a total increase of 31% on the previous year. Like-for-like site level EBITDA is forecast to grow by 5%.
The group also reported that Dirty Martini in Manchester (pictured), which opened in November, was up 19% against budget in its first 19 weeks of trading. Its sites also include London restaurant Tuttons.
Scott Matthews, chief executive at CG Restaurants & Bars, said: “We’re delighted with how the expansion of Dirty Martini is progressing and extremely encouraged by the strong regional performance of the brand while our existing London venues continue to deliver well in a tough trading environment.
“We can’t wait to open our Birmingham site on Saturday 21st April, which is already fully booked for its opening weekend.
“We are also evaluating sites in Liverpool and Newcastle as well as an additional site in Manchester.”
Photograph by Carl Sukonik of The Vain Photography.