Search
The Caterer

Little Chef sold to Out of Town founders for £52m-plus

20 October 2005
Little Chef sold to Out of Town founders for £52m-plus

Little Chef has been sold to Out of Town restaurant group founders Simon Heath and Lawrence Wosskow for more than £52m.

Heath and Wosskow, who set up the Peoples Restaurant Group for the purposes of the deal, have bought the 235 roadside sites and the Little Chef brand name, which they will retain.

The deal, which was signed today, includes 113 restaurants co-located on Travelodge sites.

Heath said: "The potential for this business is enormous and we look forward to bringing the brand back to where it used to be by creating a restaurant business that exceeds our customers' expectations in terms of variety, quality and value."

The sale was handled by Davis Coffer Lyons.

By Tom Bill

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
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!