Nightcap Regulatory News (NGHT)

8 April 2022

Nightcap plc

("Nightcap" or the "Company" or the "Group")

The Cocktail Club Birmingham opening

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, is delighted to announce a new opening for The Cocktail Club in Birmingham later this year.

After the successful openings of larger The Cocktail Club venues in Reading and Bristol over the last few months, the Group will now open a flagship site at 31 Temple Street, Birmingham, B2 5DB. This new ground floor site covers an area of approximately 4,600 square feet, split into three bar areas, with a 2:00 am license Monday to Sunday and an unrestricted capacity of 450.

The Cocktail Club's new opening will be the third brand from within the Group to open in Birmingham, alongside Adventure Bar Group's Tonight Josephine brand and its large outdoor space, Luna Springs.

This represents the sixth new lease for The Cocktail Club since Nightcap acquired it last year, taking it to a total of sixteen sites. Nightcap now has 31 sites within its estate and a further 25 premises under offer or in legal negotiations for all of its brands and continues to see favourable market conditions for site acquisitions across the country.

Sarah Willingham, Chief Executive Officer of Nightcap, commented: 

"From the outset we felt that The Cocktail Club format had the opportunity to successfully operate larger sites. Both Reading and Bristol exceeded our maturity net sales targets within their first three months of operation and we are confident that Birmingham will continue that trajectory with an even larger site."

"We are continuing our expansion programme as scheduled and just as with the prime areas of London and Cardiff, we are excited to open multiple formats within prime areas of Birmingham, which is one of our main target cities for all of our brands."

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