Added to YB: 2023-12-04
Pitch date: 2023-11-26
LGRS.L [neutral]
LOUNGERS LIMITED
+39.66%
current return
Author Info
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Company Info
Loungers plc operates hospitality venues through multiple brands, managing a portfolio of cafe-bars and restaurants.
Market Cap
N/A
Pitch Price
GBP 2.32
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
growth
Show full summary:
Loungers
LGRS: UK café-bar chain w/ 222 sites, 5.6% 10Y LFL sales growth, 29% sales CAGR. Post-IPO EBITDA +66% to £47M. Aims for 600+ Lounges, 50-65 Cosy Clubs. 20x P/E, 6.4x EV/EBITDA vs PE deals. Risks: past losses, high debt, labor, 26% Lion Capital stake, insider sales.
Read full article (3 min)