Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Byron Burger owner seeks to sell chain

Byron Burger owner seeks to sell chain

Tue, 05 May 2020 | BUSINESS SALE



Three Hills Capital Partners, the majority shareholder of restaurant chain Byron Burger, have appointed finance firm KPMG to contact potential buyers for the business. The planned sale comes as the coronavirus crisis threatens jobs across the casual dining sector.

Byron Burger, which was founded in 2007, employs 1,200 staff at 51 locations across the UK. In line with government coronavirus regulations, all of its restaurants are currently closed, while its workforce have reportedly been put on minimum-hour payment terms.

It is unclear whether a solvent sale of the business is possible but, according to a source close to the process, other options that a sale are being considered. This could include a refinancing under majority shareholder Three Hills Capital Partners, which acquired the company in 2017.

Having expanded to 71 sites by the end of 2016, the company ran into difficulties as it was saddled with rent payments and insufficient revenue, eventually forcing it into a company voluntary arrangement.

Under a restructuring plan, the company wiped out its debts, closing 20 sites and slashing rents at many locations. In the past year it has also sought to overhaul its brand, redesigning its restaurants, menu and logo.

According to a source, the company reported turnover of £70.9 million and gross profit of £31.6 million. With its turnaround plan seemingly proceeding successfully, a source said that the coronavirus pandemic had come at “a frustrating time” for the company.

In its latest available set of accounts, filed to the year ending June 24 2018, the company suffered a post-tax loss of £47.2 million as the UK casual dining market became “increasingly competitive”. At the time, the company had fixed assets of £10.3 million, down from £25.3 million the year before, and current assets of £6.5 million.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Hotel & Restaurant
Herefordshire, South of England, UK

Its traditional setting and Italian charm provide an ambience which the owner firmly believes cannot be found elsewhere and he calls it a Hitchin fine-dining gem! The delicious menu is heavily influenced by the owner's Venetian roots, using only the...

Asking Price: Offers Invited
Turnover: £443,157

LEASEHOLD


Piri Piri Grilled Chicken Restaurant
West Midlands, UK

The business benefits from its location on the edge of a new food court with a complete building refit including a newly fitted restaurant, fixtures, fittings and equipment costing an estimate of around £400,000! There is a state-of-the-art kitchen a...

Asking Price: Offers Invited
Turnover: £416,000

LEASEHOLD


Supplier of Food Servery Counters and Catering Equipment
UK Wide

Supplies food servery counters and restaurant and catering equipment for clients throughout the UK. Prides itself on providing a professional, flexible and cost-efficient service at every stage of the process, from initial project design through to c...

Asking Price: Offers Invited
Turnover: £2,500,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
May
 

Administrators seek buyer for gourmet instant noodle brand | ADMINISTRATION

Bournemouth-based instant foods brand Mr Lee’s Pure Fo...

 
19
 
May
 

Knights continues acquisition-lead growth strategy with £11.5m deal for law firm | BUSINESS SALE

Legal services company Knights has acquired Portsmouth-headq...

 
18
 
May
 

Insolvencies forecast to surge 37 per cent in 2022 as inflation hits 40-year high | BUSINESS NEWS

Businesses in the UK look set to come under continuing press...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
10
 
Mar
 

£32m turnover Angus Steakhouse appeals to landlords with administration looming | ADMINISTRATION

London’s popular Angus Steakhouse chain has appealed t...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
09
 
Dec
 

Administrators seek buyer for garden machinery firm | ADMINISTRATION

Shropshire-based garden machinery company Oakley’s has...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.