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AIM:NGHT

Nightcap PLC

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Market:
AIM
Market Cap:
£35.24 m
Price
19.00 GBX
Change
0.00%
52 weeks high
37.20
52 weeks low
10.90

In brief

Nightcap will acquire, recapitalise and develop drinks-led concepts with significant potential across the UK. As its first step in implementing its strategy Nightcap will acquire London Cocktail Club (LCC). LCC fits Nightcap’s bill as its experiential offering has proved itself to millennials across London and since 2018 provincially (Bristol). Operating from a small footage (basement bars of 1,200 sq ft) allows for attractive returns and a potentially simple rollout from 10 sites at present to 40 over the next five years.