ETM, the London bar and restaurant group whose operations, has secured a £10m funding package from HSBC Bank to support its growth plans.
The company plans to use the cash to open a number of new sites to a portfolio that already includes The Botanist Broadgate, The Botanist Sloane Square, Aviary, Greenwood and The Jugged Hare.
The next new site to launch will be Maple in Westfield White City this summer, followed by two further openings this financial year.
With a strong pipeline of additional sites in place, the group said this morning that it plans to “expand significantly” over the next five years.
Ed Martin, co-founder and CEO of ETM, said: “We are very excited about the next phase of growth and, with HSBC’s support and financial backing, we will be able to develop and roll out new, innovative, experience-led concepts at a faster rate.
“Our focused approach to acquisition has already set in motion a platform for scalable expansion as evidenced by Aviary (Finsbury Square) and Greenwood’s (Victoria) first year of successful trading and the encouraging early performance from our new City bar, Broadleaf.”
Mark Frettingham, HSBC’s area director in London West End, said it is encouraged by the restaurant chain’s track record for expansion.
“We’ve been hugely impressed with the rapid growth and strategic acquisitions of ETM to date and can’t wait to see what’s next for this exciting brand. The new £10m deal, led by relationship director Neil Treadaway, will enable ETM to open more locations in London, bringing its passion and expertise in hospitality to even more customers across the capital.”