Propel Morning Briefing Mast Head CPL Training Link Paul's Twitter Link Subscribe Unsubscribe Web Version Propel Info website Propel Info website Forward Email Star Pubs and Bars Banner Morning Briefing Strap Line
Fri 7th Oct 2016 - Oakman Inns reports second Enterprise site for Hunky Dory JV, like-for-likes up 4.2%
Oakman Inns reports second Enterprise site for Hunky Dory JV, like-for-likes up 4.2%: Oakman Inns & Restaurants expects to grow to 22 sites by June 2017 as it reports a continued strong sales performance for the first half of the financial year 2016/17, with like-for-like sales up 4.2% for the 26 weeks ending Sunday, 2 October. Chief executive Peter Borg-Neal said: “This is a pleasing result in the current environment and the business has also done well regarding key ratios, a reflection of the ongoing benefits of strengthening our operations team over the past year. As a result, we are comfortably ahead of our profit budget for the half year. Whilst we are happy with our sales performance we have seen a degree of volatility in recent months. Much of this can be explained by the variable weather and assorted sporting events. However, there is a general sense of commercial uncertainty and unease. The current trading environment is not for the faint-hearted, but we remain committed to our business plan.” Oakman Inns also reported the recently acquired Banyers House in Royston will open to the public on 2 December and is already seeing strong forward bookings. The company has also exchanged contracts on a substantial freehold property acquisition in central Olney and hopes to achieve completion within the next ten days. The company has also taken possession of the second site for the Hunky Dory Pubs partnership with Enterprise Inns, The Four Alls in Welford upon Avon, with a total refurbishment planned for the spring of 2017. The first Hunky Dory site, The Beech House in Solihull, which opened in August, is trading well ahead of expectations, Oakman said. Further additions to both the Oakman pipeline, which already includes a major site in Amersham, and the one for Hunky Dory, are expected in the coming weeks. These acquisitions will bring the number of sites in the Oakman group to 22 by June 2017.


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Quarterly Spring 2018view online
 
Propel Premium
 
Lowlander Beer Co Banner
 
Funkin Banner
 
Franklin and Sons Banner
 
Jagermeister Banner
 
Ei Group Banner
 
Greene King
 
Catapult Banner
 
Freeths Banner
 
Venners Banner
 
Star Pubs Banner
 
HGEM Banner
 
Zonal Banner
 
Hastee Pay Banner
 
COREcruitment Banner
 
Diageo Sky
 
Access Banner
 
Freeths Banner
 
Venners Banner
 
liveRES Banner
 
Pipers Crisps Banner
 
Tahola Banner Tahola web link
 
Lincoln & York Banner
 
Punch Taverns Link Punch Taverns Link
Greene King Banner
ALMR Web Link Web Version Unsubscribe Subscribe Propel Info website