Following their hugely successful rebranding in 2015 and the subsequent refurbishment of their 5 restaurants and bars, Balans Soho Society is delighted to announce an astonishing 18.3% yearly like for like increase in sales for the year ending 31/12/16.
Earnings before ITDA and the refurbishment and opening costs rose by 43.7% on the back of this sales growth. As a result, BSS have opened a new site at 32-34 Monmouth Street, WC2H 9HA at the heart of Seven Dials that has had an excellent first year.
They are also delighted to announce that they have recently acquired the former ‘Honky Tonk’ premises at 16A Clapham Common South Side, SW4 7AB which is due to reopen as the first Balans Soho Society south of the river in March 2017.
David Taylor, owner-manager of Balans Soho Society:
‘During a period when trading conditions for restaurants everywhere can be said to be somewhat challenging, I’m really delighted that the reinvigorated Balans Soho Society is bucking the trend and proving to be increasingly popular. We’re anticipating maintaining momentum moving into 2017 as we continue to open new sites.’
Balans Soho Society has been a Soho stalwart since 1987. Growing from a tiny sandwich shop, tipping the wink to the passing trade on Old Compton Street to a rapidly expanding group of 7 restaurants, bars and cafes across London, Balans Soho Society revels in its well-deserved reputation as a haven for the convivial. With extraordinary, vibrant interiors created by the celebrated designer, Simon Costin, it’s a place to abandon your plans and enjoy relaxed, spontaneous, sociable dining whatever the time of day.