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Top 50 Pubs and Bars Increase Turnover to £11.7bn

UK Pub

We have written before about the tough times facing many British pubs.

So it is nice to hear some good news from the sector.

According to a new study, the top 50 bars and pubs across the UK recorded a 4 per cent rise in year-on-year turnover to October, 2018.

Twelve month turnover for the 50 largest pub groups increased to £11.7bn, representing a £1.6bn rise since 2001. Mergers and acquisitions of pubs and bars, which also helped to streamline costs, was one of the main reasons for the year-on-year rise in turnover.

The growing popularity of craft beer and price increases for pints also contributed to the increase in turnover. Higher margins on craft beer helped pubs charge a record average of £3.58 for a pint of beer in September.

The sector, however, continues to face a number of challenges relating to Brexit, staff shortages, the increase in business rates and the growing convenience of food delivery services.

The full story can be found here.

The Arpal Group

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