Night Tube revolutionises bar chain

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London’s drinkers staying out longer thanks to the Night Tube has encouraged Revolution Bars to expand in the capital, the boss of the chain said today, as he raised a glass to strong trading.

Mark McQuater said that — despite high rents and looming tax hikes after the release of new business rates last week — better weekend transport links have “encouraged” him to invest in the capital.

He is eyeing potential openings in Muswell Hill, Fulham and Putney.

“London has a high-spending younger community and the Night Tube has already benefited us. I am confident that over the next year we will be doing more in the capital.”

The expansion plans came as the business revealed sales increased by 6.9% to £119.5 million in the year to June 30.

The firm, which has 62 venues and is behind the growing Revolución de Cuba brand, also saw pre-tax profit more than double to £7.1 million.

Sales in bars open more than a year increased 1.8% in the first 12 weeks of this financial year.

The shares edged up by 2.75p to 154.75p.

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October 4, 2016 |
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