Soaring revenue and profits for Artisan

ARTISAN, the casual dining bar restaurant in Spinningfields, Manchester operated by Living Ventures, has reported a surge in revenue and EBITDA.

The 250-capacity restaurant increased revenue by 37% to £3.7m in the year ended March 31 2015 (2014: £2.6m) with EBITDA increasing by 152% to £452,429 (2014: £178,947).

Following the year end, the company extended its Artisan concept opening a ground floor extension available for private hire in May 2015 and a second private dining room for 30 people in November, adding to the private facilities already on offer in the city centre venue.

Cheshire-based Living Ventures managing director Paul Moran said: “Artisan continues to go from strength to strength and remains one of the most popular restaurants in our Manchester portfolio.

“The extensions to our private dining capability in response to huge demand for our existing facilities show how flexible the business is across the corporate and leisure markets and we are actively looking for other city centre opportunities to expand the brand.”