Porky’s BBQ, one of London’s fastest-growing BBQ restaurant chains with five sites across the capital, seeks £650k investment via Crowdcube for its next phase of growth. The campaign will last 30 days and launches on 18th May.
Porky’s BBQ is a family-run, Memphis-style restaurant with sites in Camden, Shoreditch, Bankside, Crouch End and a recently opened site in Chelsea. With around £100k turnover a week in London, the brand wishes to use this crowd sourced investment to open two more sites this year alone.
This will be the business’s first effort to gain outside investment after self-funding an impressive first three years of growth. The target raise will be £650k in exchange for 8.2% of the business, and it will launch on 18th May via Crowdcube – the platform that has helped Brewdog fund its well-publicised Equity for Punks scheme. Husband and wife, Simon and Joy, developed the Porky’s concept after they visited Memphis on an American roadtrip.
Simon says, “After a few short years of running the business ourselves, we would like to welcome more people to join us and claim their stake in a fast-growing brand. The next few years look exciting and we’re looking to triple the size of our business in the next three years, which is a very realistic prospect. We’re going to be offering exclusive incentives to investors and running events to show-off the buzz that’s already surrounding the campaign.”
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