Nightcap Regulatory News (NGHT)

1 August 2022

Nightcap plc

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

Tonight Josephine Bristol opening and Nightcap Bar Academy launch

Tonight Josephine Bristol opening

Nightcap (AIM: NGHT), the owner of The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars, is pleased to announce another new opening in Bristol for its Tonight Josephine brand.

The latest lease signed at 28 Baldwin Street, Bristol, BS1 1NG is the fourth site for the Group in Bristol, following recent openings for The Cocktail Club and Blame Gloria. The venue is the largest Tonight Josephine site to date with a capacity of 450 split across a ground floor and basement with an additional outside terraced area. The site measures approximately 7,824 square feet in total. Its licensed hours are 2:00 am Sunday to Thursday and 3:00 am Friday and Saturday. The venue will open later this year.

Tonight Josephine Bristol will be the third confirmed new opening for the brand this year, following its successful opening in Cardiff and recent lease signing in Liverpool. It will be the fourth Tonight Josephine venue outside of London and the seventh in total. It takes the total number of Adventure Bar Group sites to 13 in total.

Nightcap now has 34 sites within its estate and a further 22 premises under offer or in legal negotiations for all of its brands and continues to see favourable market conditions for site acquisitions across the UK.

Nightcap Bar Academy

Nightcap is also excited to announce the launch of the Nightcap Bar Academy (the "Academy"), as its dedicated training hub. The Academy will be led by Creative Director and winner of the 2008 World's Best Bartender award, JJ Goodman. The Academy will be the central point for training across the Group, for both new and existing teams. 

A dedicated facility, located in Camden Market, the Academy will provide in depth training for all staff members to improve their skills and deliver consistent levels of excellence and customer service across the estate. It is envisaged that the Academy will function as a central hub to improve both recruitment and retention, as Nightcap continues to open bars and seek out and train the best talent in the sector across the UK. 

Sarah Willingham, Chief Executive Officer of Nightcap, commented:

"Bristol is a city we are getting to know really well and is a place where we continue to perform consistently well. Tonight Josephine is the third brand from within the Group to open in Bristol, across four different sites. It is the first location outside of London where we are proving how well our different bar concepts can work alongside each other without cannibalising revenues. This is a testament to the strong identity within each brand that the teams work tirelessly to perfect and preserve.

"I am often asked about the secret of the success of Nightcap. So many people talk about the mix of great brands, the innovation of the offer, the timing of our growth, the resilient millennial audience or the exceptional underlying business model. But it's actually very simple - our secret is our people. In Nightcap we have a team of people who are exceptional at the things that they are good at. They shine and are allowed to shine. That's why we've started our incredible Nightcap Bar Academy, to capture the brilliance and share the magic with anyone who joins our team. Working with the best of the best, you'll learn skills for life and have a lot of fun doing so! I've stood and watched the teams grow in confidence, build friendships and learn to produce some perfect cocktails. I couldn't be prouder."

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