Ireland’s largest coffee chain continues to rebound from the pandemic, with revenues and profits rising through 2021, although sales at the company’s UK stores fell
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Insomnia is the largest coffee chain by outlets in Ireland, operating more than 150 stores across Ireland and a further 20 in the UK | Photo credit: Insomnia
Insomnia continues to steadily recover from the pandemic, with low double-digit revenue growth and a seven-fold increase in pre-tax profits achieved in 2021.
The Irish coffee chain’s parent company BHJ Holdings Ltd achieved revenue growth of 11% in the 12 months ended 31 December 2021 to reach €28.3m ($30m).
Sales growth was led by Insomnia’s stores in Ireland, which rose 11.6% to €27.5m ($29m), while the company’s UK revenues dropped 13% to €726,925.
The accounts filing also shows the group’s pre-tax profit increased by 640% from €557,858 ($592,000) in 2020 to €4.1m ($4.3m) last year.
However, annual sales remain 37% below pre-pandemic levels, with BHJ Holdings Ltd reporting revenues of €36.8m ($38.9m) in 2019.
Founded in Galway in 1997, Insomnia is the largest coffee chain by outlets in Ireland, operating more than 150 stores across Ireland and a further 20 in the UK.
In September 2022 Insomnia announced it would open up to eight cafés annually over the next five years as part of expansion plans focusing on suburbs and towns across the two nations.
Alongside its bricks-and-mortar locations, Insomnia also operates approximately 400 self-serve kiosks across Ireland and 30 in the UK.
The Irish branded coffee shop market currently comprises more than 650 outlets, with World Coffee Portal research forecasting it will exceed 720 outlets by 2027.