Arc Inspirations set for Newcastle debut

By Sophie Witts contact

- Last updated on GMT

Arc Inspirations set for Newcastle debut

Related tags: Newcastle, Bar, Restaurant

Northern restaurant and bar operator Arc Inspirations is to open its debut site in Newcastle next month.

The group has taken on the former Jamie’s Italian restaurant, which closed late last year, and will reopen it as Banyan Bar & Kitchen on 30 March.

The 5,000 sq ft site is spread across two floors and will be subject to a £1.5m refurbishment, creating 70 jobs when it reopens.

It comes after Arc Inspirations secured £7m funding from Santander​ towards its expansion last year.

Banyan Newcastle will be the ninth under the brand to open in the North of England, joining Arc Inspiration’s 19-strong portfolio which includes the Manahatta and The Box concepts.

“Our strategy is to continue investing in our core brands Manahatta, Banyan Bar & Kitchen and The Box, building on our cluster approach, opening bars in close proximity with confidence they will trade harmoniously,” says Martin Wolstencroft, chief executive of Arc Inspirations.

Arc Inspirations ’ revenue rose 8.6% to £24.2m in the year to 1 April 2018, while EBITDA increased 33% to £3.2m.

Related topics: Venues

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