The Ashton under Lyne based Revolution Bars has announced plans to close some of its outlets for good after it says that the government’s 10pm curfew cost it around a third of its revenue.
The Group said that, in the three weeks before the curfew was introduced, its sales were at nearly 78% of last year’s level.
However, in the five weeks since the curfew started, its sales have dropped to 49.4% of that level “due to the imposition of the 10pm curfew and more recently localised lockdowns, with more severe operating restrictions now
The Group which operates 50 Revolution branded bars in the UK within the 73 operated by Revolution Bars Group has said that will have to close six Revolution-branded bars and reduce rents at seven others as part of a proposed company voluntary arrangement that will be put to creditors on 13 November.
In a statement the Group said:
“Given the latest government restrictions under which the group is operating, the group’s trading outlook is uncertain and based on all the information and commentary available, the board now anticipates that the important Christmas trading period will be severely compromised and any return to near normal levels will not be possible before next spring at the very earliest.”
