Larger Grind cafés bouncing back but smaller city sites hit by work from home

Coffee chain Grind has said while its larger café sites are back trading at pre-pandemic levels, its smaller coffee shops in the city are seeing lower footfall as people continue to work from home.

In financial results filed with Companies House for parent company Grind Holdings during the year to 30 April 2022, which was partially hit by Covid-19 restrictions last winter, the group reported turnover of £16.89m, compared to £8.24m last year, while pre-tax losses widened from £2.55m to £3.36m.

Overall, the group said the high street had “bounced back well” from the pandemic, and that while inflationary pressures were to impacting staff costs and supply prices, Brexit had not made a “material impact on the business” and the company’s coffee trucks had been “a real success” over the last year.

The group said it was looking for opportunities for both further trucks and to open new permanent locations.

Grind was founded in Shoreditch in 2011 by David Abrahamovitch and Kaz James and now runs 13 cafes, coffee shops and trucks in London.