Buzzworks reports 9% increase in turnover

12 February 2019 by
Buzzworks reports 9% increase in turnover

Scottish hospitality group Buzzworks Holdings has reported an increase in turnover of 9% from £14.8m to £16.2m for 2018.

The independent restaurant and bar operator manages 11 venues and invested £1.8m during the financial year ended 29 April 2018 on new venues, its existing portfolio and staff development.

Buzzworks also invested a further £400,000 in refurbishment its flagship House venue the Tree House in Ayr, alongside the purchase and renovation of the property next door, transforming it into the T bar. The number of Buzzworks employees increased from 438 in 2017 to 466 in 2018.

Kenny Blair, managing director at Buzzworks Holdings, said: "2018 has seen the business grow further, as we opened our first venue outside of Ayrshire in Bridge of Weir. Now with two sites in the east and further negotiations on sites 13, 14 and 15, we are forging on with our planned growth strategy for the future and the focus is on making 2019 even more successful.

"Even with industry wide challenges including rising supplier costs, alongside the uncertainty of Brexit, we have continued to not only increase our turnover, but invest heavily in both the portfolio and our people."

For the third year running, Buzzworks was identified in the Sunday Times 100 Best Companies to Work for in the UK list.

Buzzworks sees 16% increase in turnover driven by new openings >>

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