The Coaching Inn Group has doubled Group EBITDA for the first six months of the year, across its 12-property estate, as turnover grows by 33%.
The results, released this week, show Group EBITDA pre-exceptional items achieving a significant 57% increase to £1,041,495, compared to £665,376 last year.
Turnover was up 33% to £8,406,946, against £6,343,420 for the same period last year and site EBITDA was also up 33% to £1,891,235 against £1,429,385 last year. The Group also reported like for like sales increases of 5.8% over the period.
Coaching Inn Group Finance Director, Edward Walsh, said: “We’ve had an excellent start to the year with these results already demonstrating a strong return from the investments made in terms of site acquisition and development as well as the investment we continue to make in our central team.
“The introduction of our central reservations office and expansion of our operations team over the last 12 months is having a really positive impact, both in terms of sales and profitability and we will look to develop this further as we gear up for the next stage of our growth.”
The Coaching Inn Group has 12 historic venues across the UK and has built a strong reputation in the industry for transforming high quality coaching inns through the introduction of its premium casual dining brand, the Eatery and Coffee House.