Mon, 15 Apr 2013 | BUSINESS SALE
Luke Johnson is readying to put 3Sixty Restaurants on the market, less than a month after the sale of restaurant chain Giraffe to Tesco, the Sunday Times reported. It is anticipated that a deal may value 3Sixty at over £8 million.
Advisers have been brought in to assess the sale options for 3Sixty Restaurants after it received an unsolicited takeover approach. Luke Johnson is its chairman and a significant investor in the business, which owns the Rocket and Ego chains.
Rocket serves pizza and cocktails from its outlets in central London and another in Nottingham. Rocket serves pizza and cocktails from its outlets in central London and another in Nottingham. The opening of its Nottingham eatery was announced in November 2011, along with an additional central London site due to open in March 2012. Ego specialises in Mediterranean foods and is operated from eight restaurants in the Midlands and the North West.
In total, sales nearing £13 million are generated from the restaurants.
3Sixty Restaurants was bought out by Luke Johnson and chief executive James Horler from its previous backer LDC, the private equity part of Lloyds Bank, in 2010.
Serial restaurant entrepreneur, Luke Johnson, who had invested in Giraffe, has recently exited from his role as its chairman. He has said Tesco could grow Giraffe in to a 200-strong chain within five years.
____________________________________________________________________________
Related articles:
Award-winning restaurant for sale
Project Elinore undertakes passive fire protection services, ensure that clients’ premises are in accordance with safety regulations, protecting the integrity of each building and its occupants in the event of a fire. The services comprise the instal...
This unique opportunity invites new ownership to propel a thriving business known for its exceptional customer retention and prestigious clientele, with potential for significant expansion through high-street partnerships and e-commerce growth.
This is a well-established company known for its bespoke, high-quality products crafted from natural materials, catering to a diverse client base including corporate and high-net-worth individuals. With an experienced management team and strong clien...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.