Fri, 20 Nov 2015 | DIVISION SALE
The company that owns the restaurant chain Nando's is considering the sale of another one of its chains, Gourmet Burger Kitchen (GBK).
According to reports from Sky News, the South African firm Capricorn Ventures has held meetings with advisers to discuss options for GBK, with a possible sale of the chain of burger restaurants being touted.
GBK, which now has more than 60 sites across the UK, has been at the forefront of a trend in the food industry as customers are wanting more premium casual dining options. The upmarket fast food eateries have forced traditional operators such as McDonald's to expand their menu to include more expensive, premium items.
Acquired from Clapham House in 2010, the burger chain has grown in sales and profits. Now the Nando's owner could look to capitalise on the appetite of UK diners by selling GBK on.
It comes after a number of other restaurants and chains have changed hands in business sales. Earlier this year, Cote, the French bistro chain, was taken over by BC Partners, a buyout firm, at a "lofty valuation which surprised many City observers", Sky News notes.
Many firms are also in the process of bidding for upmarket steak restaurant chain Gaucho. Prezzo, Ed's Easy Diner and Yo! Sushi have also either been sold or begun the process of a sale this year.
Find a restaurant business for sale
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
15
|
Oct
|
Gourmet Burger Kitchen acquired by Boparan in deal that sees 26 sites close | BUSINESS SALE
Gourmet Burger Kitchen has been acquired by Boparan Restaura...
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.