A bar group founded by Dragons' Den investor Sarah Willingham is rolling out its latest opening in Exeter as part of major expansion plans.
Nightcap - listed on Aim - will open The Cocktail Club in Exeter in April.
It has previously announced the opening of a new Tonight Josephine bar in Cardiff, which is also set to open in early April.
The Exeter site is opening at 23 Gandy Street, left empty when John Gandy's pub closed in 2021 after being hit by lockdown closures during the pandemic.
It has a 2am license Monday to Sunday and an unrestricted capacity of 200.
Charles Darrow, South West commercial property and business transfer specialists, handled the transaction completing swiftly.
Jon Clyne, Director at Charles Darrow said: “LCC have exciting plans for the property and are planning a significant investment program before their target opening in April of 2022.
"This is another example of a high calibre operator putting down roots in the city”.
In addition to these two new openings, and alongside its existing 27 sites, Nightcap has a further 24 premises under offer or in legal negotiations and continues to see favourable market conditions for site acquisitions across the country.
Sarah Willingham, Chief Executive Officer of Nightcap, said that the firm expects to be able to announce the signing of at least a further two additional sites in this part of the country in the coming weeks.
She said: “I am delighted that we continue to execute on our growth strategy with the latest signing in Exeter for The Cocktail Club brand - the fourth opening and third outside of London since Nightcap acquired The Cocktail Club just over a year ago.
"This is the second of many planned openings across our brands scheduled for this calendar year as we look to significantly increase the size of the estate."
Read more: BusinessLive exclusive interview with Sarah Willingham
Willingham is a hospitality entrepreneur and investor who appeared as an investor on series 13 and 14 of Dragons' Den. Her Nightcap group owns The Cocktail Club, the Adventure Bar Group and the Barrio Familia group of bars.
She is also a shareholder of the UK’s largest subscription business for alcohol, ‘Craft Gin Club’, after investing through Dragons' Den.
Nightcap is set to announce its interim results for the 26 weeks ended 26 December 2021, on 14 March 2022.
