Home Business NewsBusinessBusiness Growth News BrewDog to launch a major expansion plan and bar revenues expected to rise by 25%

BrewDog to launch a major expansion plan and bar revenues expected to rise by 25%

by LLB Finance Reporter
17th Jul 23 2:28 pm

By 2030 BrewDog plans to have tripled the size of their bars and hotels to around 300 and are expected to see an increase of revenues by 25%.

In 2008 BrewDog opened their first site in Aberdeen and now have more than 100 venues globally.

The company has seen revenues at their BrewDog bars soar by £44 million or 68% last year compared to 2021 and the group will target new hotel openings in the UK.

James Watt, chief executive officer of BrewDog, said, “Last year we opened our two most ambitious bars yet in Las Vegas and Waterloo, and in a tough economic climate both have vastly exceeded our expectations.

“The success of our new landmark locations is testament to our strategy of investing in high-footfall locations and creating unique environments that redefine the bar experience – everything from coffee shops and workspaces, to hidden cocktail bars, podcast studios, ping pong, bowling and our own beer school.

“In some locations we even have a micro-brewery on site, so our customers can learn to brew for themselves.”

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