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Coffee#1 Sees Strong First Quarter Sales Performance

Community focused coffee shop, Coffee#1, has announced strong trading for the first five months of
its financial year (June 2022-October 2022) with strong like for likes sales growth taking sales to 111% of
pre-pandemic levels. In September and October, sales reached 117% of 2019 levels, giving Coffee#1 its
first £1m gross sales week. This record was then broken again during the most recent half term, which
saw over a quarter of a million people served in a single week for the first time.

During the same period, Coffee#1 opened four new stores, averaging one per month. It now has 106
stores in the U.K., making it the fourth largest coffee shop brand in the nation. Another five new openings
are anticipated over the next three months as the business continues to expand its geography.

Having opened its first store in 2001, Coffee#1 operates in Wales, West and South West England, with a
small footprint in the Midlands. Its most recent opening in Buxton is Coffee#1’s most northerly store to
date. Coffee#1 serves hand-crafted hot and cold drinks and comforting food including a range of
signature cakes and its much renowned Giant Teacake, which are all provided in a cosy, comfortable
atmosphere. Coffee#1 is a strong local, community brand; one that has won over locals wherever it

During the same time period, Coffee#1 has also launched a delivery partnership with Just Eat in over 60
locations and will look to expand the service further. A new click and collect function, which will run
through the brand’s App, will also go live in the coming weeks.

Commenting on the business’s performance, Coffee#1 Managing Director, Bruce Newman stated:
“We’ve been thrilled by the performance of Coffee#1 over the last six months, which is a testament to
the brilliant work of our store and support centre teams who have coped with the past three years so
well. While the business faces obvious cost pressures, our locations at the heart of the community mean
we are well placed to deal with the challenges ahead, respond to the changing working patterns we see
around us and continue to grow and expand.

While Coffee#1 will remain a predominantly drink-in brand, the launch of both delivery and Click and
Collect services will complement our core drink-in offer and we look forward to an exciting Festive
trading period.”