Wed, 05 Jun 2013 | BUSINESS SALE
Bidders are pushing to get to the front of the queue to snap up London-based burger chain Byron, which has been given a £90 million price tag, the Sunday Times reported.
Its owner Gondola, which also owns Pizza Express, Ask and Zizzi, has ordered the sale - thought likely to bring in between £90 million and £100 million. DC Advisory Partners is managing the sale process.
Its founder, Tom Byng, created Byron after being inspired by the simple, good quality burgers he ate while staying in Rhode Island, US.
The burger restaurant has seen rapid growth since its inception in 2007, with the opening of its first outlet on Kensington High Street in London. It now counts over 30 outlets across London, Cambridge, Bluewater in Kent, and Oxford, and has plans to open further sites in Liverpool and Manchester.
RIT Capital Partners is one bidder, and other potential buyers are thought to include TDR Capital, which has supported Pizza Express in the past, and Searchlight Capital, a US buyout firm.
It is expected that the firm will achieve £8 million in sales this year.
Other new restaurant chains attracting investor hunger include Côte, specialising in French style food, which is the subject of sale discussions with investor Bridgepoint. While Red Hot World Buffet is on Risk Capital Partners’ wish list.
____________________________________________________________________________
Related articles:
Sale of Living Room bars explored
Pret owner set to buy Côte
Latest leisure businesses for sale
Established in 2012, this business offers a comprehensive suite of staffing solutions, the company provides experienced in-house recruitment professionals for managing open vacancies on a fixed-term basis, catering to both UK & Europe and Australian...
Now available for acquisition is a well-established tyre supply and fitting centre catering to the needs of Midhurst and its neighbouring areas. Operating for over 34 years, this establishment specialises in the sale, repair, and replacement of tyres...
Explore an exceptional opportunity to acquire a thriving Italian café and restaurant situated in the vibrant town of Surbiton. This esteemed establishment has garnered a strong reputation for its delightful cuisine, and welcoming atmosphere.
LEASEHOLD
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
24
|
Apr
|
Automotive parts supplier secures PE backing | BUSINESS SALE
Rimmer Bros, a Lincoln-based restorer and supplier of replac...
31
|
Jan
|
Funding package supports pub and hotel acquisition | COMMERCIAL PROPERTY
A £1.1 million funding package from finance provider R...
13
|
Jan
|
Nine sites to close after Byron Burger owner sold out of administration | ADMINISTRATION
Nine restaurants are to close and 12 other sites will transf...
03
|
Aug
|
Byron Burger closes more than half its outlets in pre-pack deal | BUSINESS SALE
Byron Burger has been sold in a pre-pack deal that will see ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.