Tue, 14 Sep 2010 | BUSINESS SALE
The company behind the Piccolino and Restaurant Bar & Grill chains looks set to attract bid approaches after announcing that it is to “consider all options” to include a sale or merger.
Manchester-based Individual Restaurant Company is preparing to expand beyond its current 33 outlets. The matter of constraints on funding of the plans needs to be addressed first, however.
The company last opened a new eatery over two years ago, and now aims to proceed with its expansion plans in 2011.
Chief executive Steven Walker is confident in the strong growth potential of the firm and its brands, despite reporting a decline in revenues from £25.1 million to £24.6 million for the six months ending July 4 for the group, attributed to consumers staying away during the World Cup in the summer and severe weather conditions earlier on this year.
For the same period, its losses increased from £838,000 to £2.7 million after writing about £1.3 million off the value of its Glasgow Bar and Grill business.
The firm is reportedly posting in-house trainers into all of its restaurants in order to strengthen its customer service.
It has been predicted that trading for the next six months will at least match that for the same period of 2009.
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
This niche business offers a rare opportunity to acquire a leading specialist in front garden design, restoration, and creation for period properties across South East England, with a strong reputation for high-quality finishes and heritage-sensitive...
Explore an opportunity to acquire a thriving multi-channel e-commerce brand with a considerable track record of success, specialising in fashion and gadgets.
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.