Nando's owner considers sale of GBK chain

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


Share this article



Latest Businesses for Sale

Accountancy Practice: 2 Partnered
Gwent, Wales, UK

This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...

Asking Price: Offers Invited
Turnover: £400,000

FREEHOLD


Accountancy: 4 Partner Practice
Cheshire, UK Wide

This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £1,735,000

LEASEHOLD


Accountants: 2 Partner Firm
West Yorkshire, Yorkshire and the Humber, UK

This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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