Benugo, which operates cafés in high footfall locations and tourist attractions across London, has reported an ‘encouraging recovery’ in trading across its stores in 2021 as it considers future growth this year
Benugo said sales increased 22% in 2021 to reach £41m | Photo credit: Benugo
London-based Benugo, which operates cafés in the high footfall London locations such as the Natural History Museum, London Zoo and the Science Museum, narrowed its losses in 2021 and has indicated it will target more high-profile sites in the capital.
Reporting its financial results for the 12 months ending 29 December 2021, Benugo said sales increased 22% to reach £41m ($49m).
The company, which said it was negatively impacted by a nationwide Covid-19 lockdown in the UK at the start of 2021, also recorded a pre-tax loss of £1.5m ($1.8m), compared with a loss of £8.9m ($10.6m) in 2020.
In July 2022 Benugo opened a new concept store at St Pancras International rail station, which it plans to roll out at other major transport hubs. The move followed a new café launching at the Queen Elizabeth Olympic Park, east London, in May 2022.
Although he acknowledged the challenges posed by the increasing costs of goods and difficulties recruiting staff, Benugo Managing Director Matthew Thompson said that the company is ‘well placed’ to grow its footprint in London and pursue ‘new opportunities in markets where Benugo can make an impact’.
Benugo currently operates 10 cafés across London, alongside a combination of permanent and temporary museum and national park locations across the UK’s. Benugo also serves coffee in some of most recognisable workplaces in the UK, including Amazon, Deloitte, Deutsche Bank, Microsoft, Ministry of Justice, Nationwide, PWC, RBS & Virgin Atlantic.