Hospitality giant records another year of growth
Turnover at Ayrshire’s largest hospitality group has shown another increase, latest figures reveal.
Buzzworks Holdings reported a period of nine per cent growth from £ 14.8m to £ 16.2m for 2018.
The award- winning family business continues to be one of Scotland’s fastest growing independent restaurant and bar operators, managing 11 venues across Ayrshire and into the east of Scotland.
Pre- tax profits for the company continued to be positive with investment of £ 1.8m during the financial year on new venues, its existing portfolio and staff development.
It follows a period in which the group expanded to the east coast for the first time with Buzzworks securing its second venue outside Ayrshire – Scotts Port Edgar Marina.
In Bridge of Weir, the business transformed the former Archies lounge bar and kitchen to open its fifth House branded restaurant and bar, The Coach House, as part of a £ 1m development.
Closer to home, Buzzworks invested a further £ 400,000 in refurbishment works on their flagship House venue, The Tree House in Ayr.
Work included the purchase and renovation of the next door property, to create a new venued named the T Bar.
Annual results also identified a six per cent increase in employee numbers ( rising from 438 in 2017 to 466 in 2018).
Company managing director, Kenny Blair, said: “2018 has seen the business grow further, as we opened our first venue outside of Ayrshire in Bridge of Weir.
“Now with two sites in the East and further negotiations on sites 13, 14 and 15, we are forging on with our planned growth strategy for the future and the focus is on making 2019 even more successful.
“Even with industry wide challenges including rising supplier costs, alongside the uncertainty of Brexit, we have continued to not only increase our turnover, but invest heavily in both the portfolio and our people.
“Providing a positive working environment for all staff, along with the knowledge and tools to deliver an exceptional experience to our customers, is key to not only building Buzzworks up year on year, it ensures we attract and retain the best talent within the industry.”