Eclectic Clubs & Bars reports that trading for the six months to the end of December 2012 continued the trend of the previous year with sales for the period slightly ahead of last year, both in total and like for like:
• Sales were £10.2 million (2011: £10.0 million)
• Site EBITDA £2.75 million (2011: £2.5 million)
• Company EBITDA £1.7 million (2011: £1.5 million)
Trading over the period and over New Year was once again strong and management are optimistic that the second six months will continue the trend seen in the first half.
Contract to operate The Living Room
At the end of July 2012, Eclectic entered into a new management contract to operate a further 33 restaurants, bars and nightclubs on behalf of PBR Leisure Limited. PBR Leisure owns The Living Room, a leading premium bar and restaurant brand, with a total of 14 sites, and a portfolio of 19 other bar, nightclub and hotel businesses operated under the Ultimate Leisure umbrella. These sites are spread all across the UK.
The PBR Leisure estate, together with Eclectic’s own portfolio, brings the number of venues under management from 16 to just under 50. This significant expansion of operations demonstrates the management team’s ability to continue to develop and grow the Eclectic group.