Search
The Caterer

Coal Bar and Grill secures £2m expansion pot

25 March 2013 by
Coal Bar and Grill secures £2m expansion pot

Coal Bar and Grill has so far raised £2m to fund its expansion and hopes to add to that figure soon.

The news came after Charterhouse Leisure, the firm behind the brand, announced positive results for the year ended February 2013 last week.

At the time Charterhouse signalled that it had plans for an aggressive roll-out for Coal bar and Grill, which currently operates six sites.

Chairman James Horler told Caterer and Hotelkeeper that the £2m the company has secured for its growth is a 50% split between debt and equity.

"The new restaurants will be on retail/leisure destination sites, where Coal performs very well, being in the top four sales per sq foot in Basingstoke, Bristol and Exeter against many UK chain operators," Horler said.

He added that the company would target sites where what he termed "Middle England" demographic groups were based and that the company hoped to announced a number of new openings shortly.

Coal Bar and Grill owner plans ‘aggressive' roll-out >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.