Porky's BBQ aims to raise £650,000 via crowdfunding
A London-based barbecue restaurant group is looking to raise £650,000 via crowdfunding to finance the opening of two new outlets.
Porky's BBQ is turning to Crowdcube to raise the cash to expand its business beyond five existing sites in Camden, Shoreditch, Bankside, Crouch End and Chelsea. The 30-day fund-raising campaign will launch on 18 May, with investors being offered 8.2% of the business.
The company, which was founded three years ago by Simon and Joy Brigg after visiting Memphis on an American road trip, has previously self-funded its expansion. Today the business turns over around £100,000 a week.
Simon Brigg said that the aim is to triple the size of the business in the next three years. "We're going to be offering exclusive incentives to investors and running events to show-off the buzz that's already surrounding the campaign."
Signature dishes at Porky's BBQ include 18-hour slow-cooked pulled pork and the porky burger.
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