Brasserie Bar Co, the owner of Raymond Blanc-inspired Brasserie Blanc and White Brasserie Company, has announced it will open 15-20 new pubs under the White Brasserie brand over the next three years. This follows the announcement that the company has secured £13.5 million of new funding from ESO Capital Group which specialises in providing tailor-made capital solutions to small- and medium-sized companies across Europe.
Mark Derry, CEO of Brasserie Bar Co said:
“Now that we have new finance in place we want to work with pub owners to acquire new sites using our new leases. These we have designed to offer pub owners a co-investment opportunity. We both invest in developing the site and we offer the owner a proportion of turnover in rent.
“Our existing sites at Teddington and Weybridge consistently out-perform the average UK pub with an average weekly turnover in excess of £30,000, so we are bullish about the potential for rolling out our pub concept and we are actively looking for new sites and new lease agreements.”
Private equity company, Core Capital remains Brasserie Bar Co’s lead investor.
About Brasserie Bar Co
Brasserie Bar Co operates within the premium casual drinking and dining market in the U.K. The group comprises two core formats: Brasserie Blanc, the French brasserie business inspired by Raymond Blanc, and the White Brasserie Company, a quality pub dining business blending the standards of Brasserie Blanc in local settings in the south of England.
There are currently 19 Brasserie Blanc outlets in the UK located in Bath, Berkhamsted, Bristol, Cheltenham, Chichester, Farnham, Leeds, Milton Keynes, Oxford, Portsmouth, St Albans and Winchester. London locations include Chancery Lane, Charlotte St, Covent Garden, Southbank, Threadneedle Street, Tower Hill and St Pauls in the City of London.
The two White Brasserie sites are at Weybridge and Teddington.