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
Thu 28th Jun 2018 - Restaurant numbers drop 0.4%, licensed premises show acceleration in closures
Restaurant numbers drop 0.4%, licensed premises show acceleration in closures: The number of restaurants in Britain fell 0.4% in the year to March, the latest Market Growth Monitor from CGA and AlixPartners has revealed. The decline comes amid fears among many operators of oversupply of sites in the market and is a sign of the challenges casual dining operators face following a sustained period of openings. Market Growth Monitor data shows restaurant numbers have risen 15.6% since March 2013 but planned site closures by several major brands have contributed to a fall during the past 12 months. The 0.4% decline is equivalent to almost two net closures a week in the restaurant sector. Research has indicated broadly flat sales, rising food costs and modest but improving confidence among leaders of the out-of-home eating and drinking sectors. A further retrenchment in restaurant numbers is now likely in the second half of 2018, the monitor suggested, although many casual dining brands continue to expand their estates around Britain. Across all licensed premises, the monitor recorded a 1.3% fall in numbers in the 12 months to March 2018. That marks an acceleration in the pace of closures since the last edition of the monitor, which recorded a year-on-year fall of 0.3%. But despite the challenges in some sectors and some parts of Britain, the monitor also identifies a more positive picture in other areas – especially major cities in the north of England. In Leeds, the number of licensed food-led premises rocketed by 37.9% in the five years to March 2018, with growth in Manchester (33.6%) and Liverpool (31.9%) almost as steep. The report also shows a rise in the number of entertainment-based licensed premises, contrasting with a decline in circuit bars. CGA vice-president Peter Martin said: “It has not been an easy year in the out-of-home eating and drinking out market, and this new data is an indication of the pressures restaurant operators have been under. With oversupply becoming apparent, input costs still rising and Brexit causing uncertainty, we are likely to see further restraint in openings this year. But CGA research also shows people continue to go out to eat and drink, and brands with strong differentiation and customer focus can continue to flourish.” AlixPartners managing director Graeme Smith added: “As predicted in the previous edition of the monitor, the total number of restaurants in the UK has fallen for the first time and we expect the decline to continue over the short to medium term as larger chains manage their site portfolios. This presents an opportunity for younger, growing concepts to expand, potentially at preferential terms or in locations previously reserved for the larger chains, which could help kick-start their next phase of growth.”

Filipino ice cream parlour Mamasons signs for Chinatown site: Filipino ice cream parlour Mamasons Dirty Ice Cream has signed for its second site, in Chinatown London. The company, which made its debut in Camden, has agreed a deal with landlord Shaftesbury for the store in Newport Court. The 315 square foot unit will have space for about 20 covers and is due to open in August. The menu will include a range of ice cream flavours with an Eastern influence, such as black coconut as well as Mamasons’ signature dessert, the Bilog, which is a traditional milk bun filled with ice cream, toasted in a bespoke hot press and dusted with icing sugar. Co-founder Omar Shah said: “Filipino cuisine is synonymous with a tradition of creating and serving food with great love, and as a London born Filipino, I wanted to bring this experience to the capital. What we offer is about more than just ice cream, it’s about creating a cultural experience and sharing this with our new customers in Chinatown London.” In addition, Taiwanese fruit tea brand YiFang has opened its debut permanent site in Chinatown London. The 100 square foot kiosk in Shaftesbury Avenue is the brand’s first permanent location in the UK. Since its launch in 2016, YiFang has opened more than 600 stores across the globe. Its tea range is made with no preservatives or additives and is harvested from its own mountain plantations, while fruit comes from its own farms or from local markets.

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