Acquisition opportunity – Project Ironwood

Background

• Dine in and take out branded chain (nine years of trading).
• Profitable at a gross margin/site by site level, but legacy debt holding the company back and difficult to service. 
• Existing owners will consider full exit and support smooth transition.

Key selling points

• Loyal customer following for both dine in and take out/delivery.
• Popular and unique owned/branded food and drinks menus.
• Seven established locations in key cities/towns across the South-West.
• Opportunity for business and asset sale.

Financial information and KPIs 

• Average covers per week - 3,000 
• Average spend per cover - £30 
• Sales per site below:

Next Steps 

• Further information/access to a data room can be provided on request, following receipt of a signed non-disclosure agreement.
• The Company is subject to a CVA that has recently failed. Time is of the essence for this opportunity with offers invited for the business and assets on an accelerated timeframe.
• Should you wish to receive further information on the opportunity, please contact either Jonathan Baker or Will Barnett.