Nightcap acquires The Piano Works for £200k
Since November 2023, The Piano Works has had a very successful residency within Nightcap's Barrio Covent Garden venue
Nightcap has announced the acquisition of The Piano Works, the live entertainment concept currently operating at Nightcap’s Barrio Covent Garden venue and in Farringdon, London, for £200k.
The Piano Works acquisition was completed following a pre-pack administration process by TDC Concepts Limited (TDCC).
The Piano Works, which was launched in 2015 in a large Victorian warehouse site in Farringdon, London, is an interactive live music entertainment concept, typically involving pianists, vocalists and other musicians performing an audience curated playlist, accompanied by a high-quality food, drinks and cocktail offering.
Since November 2023, The Piano Works has had a very successful residency within Nightcap’s Barrio Covent Garden venue. The residency resulted in a “significant” uplift in revenues compared with the board’s forecasts under the Barrio brand for the four week festive period.
Sarah Willingham, CEO of Nightcap, said: “The Piano Works is another excellent addition to our group. I very much look forward to the future of this concept. It adds a whole new area of expertise to Nightcap and a different entertainment offer, bringing live music to our customers.
“We have known The Piano Works concept for a long time and look forward to working with the founders and their dedicated staff. After the very successful residency in our Barrio bar in Covent Garden at Christmas we are delighted to be able to partner with them and provide the opportunities to bring this great entertainment concept to other cities across the UK.”
Alan Lorrimer, founder of The Piano Works, added: “The past four years have been the toughest I have known in my forty years in hospitality. We survived COVID, but when the sale of our Leicester Square venue fell through, it was the last financial straw.
“We transferred into Covent Garden thanks to a great collaboration with the Nightcap team. We had an excellent Christmas, which proved we could work really well together. We now have the potential to expand The Piano Works and prove that customers across the country will love our immersive audience requested live music experience.”
