Profits rise at 200 Degrees in last year before Caffe Nero deal

Revenue and profits were up substantially at Nottingham coffee roaster and retailer 200 Degrees – according to the firm’s last accounts before it was snapped up by the Caffe Nero group.
In the 12 months to March 31 2024, sales across 200 Degrees increased from £10.2m to £13m. Profit before tax over the same period was up to £879,000 from £733,000 in 2023.
Three new shop openings during the year saw staff number rise from 220 to 245.
Last October, 200 Degrees was sold to Caffe Nero. It will sit alongside Caffè Nero Group’s other brands: Caffè Nero, Coffee#1, Harris+Hoole and Aroma.
The Nero Group said at the time that it aimed to expand the 200 Degrees brand as part of its growth strategy in the UK.
Earlier this week, we exclusively revealed that Stephen Fern, managing director, is set to leave 200 Degrees. He will move to Sheffield accountancy firm SMH Group as its new CFO.
Founded in 2012 in Nottingham by Rob Darby and Tom Vincent, 200 Degrees has grown into a successful 22-store Midlands based coffee brand. In addition to stores, the business has its own roastery and operates an online e-commerce channel selling directly to customers at home, including a subscription offering. 200 Degrees also operates a wholesale arm, serving over 500 wholesale customers.
Rob Darby is the guest speaker at our networking lunch next month – tickets are available here.