Spanish-themed restaurant & bar chain providing authentic Spanish food ranging from tapas to a la carte using quality ingredients & Spanish wine from family-run vineyards.
Key Aspects
• Delivers a personal & informal dining experience while providing fresh high-end food.
• Traditionally-crafted & organic wine is sourced from small family-ran vineyards, imports are exclusive to the company.
• Wine is available to purchase via the company’s e-commerce site.
• Operates out of several successful restaurants in prime locations experiencing high levels of footfall.
• Holds five-star hygiene ratings across its four sites.
• Managed to successfully navigate the adverse effects of Covid-19 & UK lockdowns on the market & has successfully recovered from these.
• Shareholder is open to a range of deal structures including remaining within the company to assist with expansion.
Opportunities
• Potential to open additional venues to expand the company's customer base & increase revenue.
• Should a prime city centre location be able to be obtained, there is scope to add between c.£1.0m to c.£1.5m to revenue within the first 12 months.
• Scope to extend opening hours in two venues which are currently open 4.5 days a week.
• Opportunity for a restaurant group or an investor in the hospitality sector to acquire a successful chain of restaurants well regarded in the local area.
• An acquirer with a central head office function could benefit from bringing all currently outsourced functions in-house increasing profitability.
Potential Purchasers
• Food, drink, entertainment & hospitality investment groups with a focus on restaurants.
• Independent Spanish restaurants, restaurant chains, bars & other restaurants with a focus on the North of England.
• Nationwide chains of the above looking to expand into the North.
• Private equity houses & other investment groups/ individuals in the above sectors.
• London brands.
• Restaurant groups that do not have a Spanish brand but are involved in the mid-sector.
