Nightcap (AIM: NGHT.L) is building a portfolio of high-quality brands in the Premium Bars sector targeting millennials in the 25-40 age bracket.
Nightcap’s first acquisition was the London Cocktail Club. Founded in 2010 The London Cocktail Club operates nine bars across London and one in Bristol. The New York style cocktail bars have their own individual themes ranging from ‘Downtown LA’ to ‘Saville Row’ making each unique. Customers are served sophisticated drinks, by world class bartenders in an unpretentious “party style” environment. The bars are typically basement located and so competition for sites is reduced and rents lower. Serving predominantly spirits based cocktails without a wide range of wines or beers creates a concentrated drinks list allowing greater purchasing synergies and high margins.
Research
18 Mar 2024 Interims – 6m to end Dec 2023 – steady progress in tough markets
Nightcap Plc
20 Feb 2024 Update: Acquisition of Piano Works, trading update
Nightcap Plc
22 Jun 2023 Acquisition of Dirty Martini, portfolio leaps to 47 sites
Nightcap Plc
13 Mar 2023 Interims: Continued Revenue and EBITDA growth
Nightcap Plc
12 Jan 2023 Update: Reassuring performance despite train strike headwinds
Nightcap Plc
11 Nov 2022 Finals: Solid results, cash rich, sensible slowing of expansion plans
Nightcap Plc
14 Mar 2022 Interims: Solid results, building the track record for a rerating
Nightcap Plc
22 Nov 2021 Barrio acquisition
Nightcap Plc
15 Nov 2021 FY 2021 results – EBITDA earnings upgrade
Nightcap Plc
2 Jun 2021 Acquisition & Fundraise
Nightcap Plc
15 Mar 2021 Interims to end Dec 2020
Nightcap Plc
19 Feb 2021 Initiation
Nightcap Plc