The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) also grew by 88% to £2.6m as part of its growth plan.
The results came following the launch of Arc’s flagship Banyan Bar & Kitchen in Leeds City Square and the second Manahatta site on Greek Street, also in Leeds.
The Manahatta venue recorded the most successful opening week for the company, and recently launched the city’s first delivery cocktail service, in partnership with Deliveroo.
New MD
As part of Arc’s growth, it has also appointed Anni Opong as managing director, who will work alongside CEO Martin Wolstencroft in orchestrating the next phase of growth for the 15-strong business.
Opong, who joined the company in 2003 as food and service quality manager and progressed to operations director, will also direct an operations team of 11 managers.
Hailing Opong’s appointment, Wolstencroft outlined how her new role will help the company’s expansion plans.
Commitment to the trade
He said: “It’s a great promotion and natural progression for her and a testament for her passion and commitment to the hospitality industry.
“Now, with a strong leadership team combined with our phenomenal financial results, we can cement our position as one of the leading bar and restaurant operators in the north of England and kick-start our plans to open 10 sites in the next three years.”
Opong said: “I’m incredibly proud to be managing director at such an exciting time for the business.
“Having been close to the brand for 14 years, its continued growth is a testament to the hard work and commitment of the dedicated team – something I am looking forward to continuing and developing as part of my role, and seeing the hard work of our people come to fruition.”