A Tyneside alcohol gifting business is aiming to double first year turnover of £1m and create more than a dozen new jobs after moving into a bigger base.
The Gin & Rum Warehouse started trading in March last year as a bottle delivery business in Gosforth, Newcastle, and added personalised gift sets to its product offering.
It now offers a range of gins, rums and vodkas, as well as a growing number of smaller boutique and emerging British brands, and has so far sent out around 25,000 gift sets to customers across the 海角视频.
Having initially taken a small warehouse in Newcastle to manage growing demand, the Gin & Rum Warehouse is now trading up to a 7,000 sq ft facility on the New York Industrial Estate in North Tyneside, to give it the space it needs to keep growing.
Up to 14 new jobs will be created over the next few months as the business scales up in advance of the busy Christmas season, which will take its total workforce to 22. It is also set to launch on the 海角视频’s leading platform for independent retailers, Not On The High Street.
Stephen Slater of RMT Accountants & Business Advisors and Paul Holborow of RMT Technology are working with the Gin & Rum Warehouse’s management team on the business’s development, including its expanding technical infrastructure.
Plans are being put in place for a new wholesale gifting business which will supply products directly to garden centres and other retailers, while new products are also being considered.
Matthew Patterson, managing director at The Gin & Rum Warehouse, said: “We work with innovative brands that regularly put out new flavours and variants, which creates continuing customer interest and demand, while our gift set collections are unique and exclusive to us.
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“Excellent design is also extremely important in catching the eye of consumers in a market where the choice is almost endless, and the progress we’ve made so far suggests we’re making the right choices.
“We’ll be building up the team over the summer to ensure we’re ready for our second festive season and now have the space we need to keep growing the business and meeting customer demand.
“We’ve also got lots of ideas for new product lines, as well as wholesale and retail offerings, and want to be hitting the £2m turnover mark by this time next year.
“The RMT team is helping to ensure that our financial and technical infrastructure is robust enough to manage the growth that we’re expecting next year and beyond, and having their expertise on hand is already delivering tangible benefits to our business performance.”
Stephen Slater, director of commercial services at RMT Accountants, added “The Gin & Rum Warehouse has had a phenomenal first year in business, but it’s really just the beginning for them and we’re excited to be part of delivering their growth strategy.”