Oakman Group reveals ‘encouraging’ reopening performance
It comes as the company announces its latest acquisition - with the group recently acquiring The Grand Junction Arms near Tring from The Punch Pub Group
The Oakman Group has said it is “encouraged” by its first week trading figures after average sales across the Oakman Inn brand were in excess of £40k net last week.
In the first week that pubs were allowed to reopen for outdoor services, the Oakman Group has seen its total sales up 51.5% compared with the same week in 2019.
The group, which recently rebranded following its acquisition of six Seafood Pub Company sites, also saw like-for-like sales up 34.3% vs the same time last year.
It comes as the company announces its latest acquisition – with the group recently acquiring The Grand Junction Arms near Tring from The Punch Pub Group.
The deal brings the total number of sites operated by Oakman up to 35. Its offering is made up of 24 Oakman Inns, five unbranded sites and six Seafood Pubs – it also has plans to open seven additional venues this year.
Dermot King, group CEO of Oakman Group, said: “These numbers represent a remarkable performance by our teams. Given that we have only been allowed to trade for four of the last 13 months – and with the constant threat of being told to stop trading or follow new regulations – they have come through some tough times.
“They have been brilliant in, not only serving our customers but, also, reinstating all our Covid bio-security measures that mainly exceed government requirements. In the majority of cases, our local authorities have been very supportive, and we are taking a vigorous stance with those who are being unhelpful.”
