Livelyhood, the five-strong, independent South London pub group, has reported its best performing year to date, with the profitability of the business growing by 30% year on year.
The year ending 31st July 2018 saw the group owned by Sarah Wall implement significant investment in current sites and one new opening along with plans for further expansion in the coming year.
Group turnover increased by £1,338,988, up 29.35%, with total turnover for last year at £5.9m (£385,787 from new venue).
In May 2018, The Clapham North (Clapham), The Regent (Balham), The Old Frizzle (Wimbledon) and the Mere Scribbler (Streatham) were joined by new venue The Faber Fox in Crystal Palace, which is trading very successfully. Livelyhood has, with this new site, increased its overall venue size by 3,500 sq ft and now employs an additional 30 people.
The Clapham North underwent a refurbishment of the whole ground floor as well as the introduction of private events space and pop-up venue, The Treehouse, and a £100k refurbishment of The Old Frizzle in Wimbledon is planned for 2019.
The Faber Fox in Crystal Palace opened in May 2018 with two further openings planned for the 2018/2019 financial year (site details are to be announced).
Sarah Wall, Livelyhood founder, commented, “This has been a significant and transformational year for Livelyhood. We gave a new lease of life to one of our much-loved current sites, The Clapham North, and have opened a new venue in Crystal Palace that is performing above and beyond our expectations. We look forward to continued growth with two new openings and a further refurbishment in the current year.”