Nightcap

Nightcap will acquire, recapitalise and develop drinks-led concepts with significant potential across the UK. Large parts of the hospitality industry have been suffering from the burden of expensive rents and high levels of capital expenditure, discount offerings, increased food prices and a shift to home delivery, all of which have been accelerate... d by Covid-19. At the same time, consumer preferences in particular those of millennials are shifting away from mid-market hospitality chains to experience-led, quality nights out in unique, local style venues. These factors have led to an increase in the number of available sites, decreases in rents, reductions in site premiums and capital expenditure and an increasing number of talented hospitality staff in the jobs market. Nightcaps strategy is simple: the company is focused on easy to replicate scalable business models with nationwide rollout potential. In the years to come, the company believes that drinks-led business models that target a resilient millennial audience will have an exceptional opportunity to thrive alongside reduced competition, given their low operational break-even levels, uncomplicated business models and high return on capital. Nightcaps aim is to capitalise on this compelling opportunity to build a major drinks-led hospitality group. With the company's teams significant operational and acquisition-related experience, the company believes that the timing of the company's strategy to make selective and targeted acquisitions of individual sites, and drinks-led hospitality brands, has rarely been better.Read More