Private equity funding fuels Brewhouse & Kitchen’s growth plan

Brewhouse & Kitchen

Brewhouse & Kitchen is planning to launch a trio of new properties inside the next six months as part of a private equity-backed “rapid growth” store plan.

The operator, which specialises in good food and cask ales, plans to add its name to new venues in Gloucester Docks, Highbury and Bournemouth in 2015, having already launched in Islington, Bristol, Poole and Dorchester since opening its first pub in Portsmouth four years ago.

During that time it has undergone two rounds of funding by London-based IW Capital.

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“The objective of Brewhouse & Kitchen Ltd is to acquire and develop freehold pub assets or long term free of tie leasehold assets and facilitate the roll out of the Brewhouse & Kitchen concept,” the private equity house said.

The pub chain features an on-site micro-brewery, creating its own exclusive range of cask ales alongside locally-sourced, quality seasonal food.

IW Capital continued: “Micro brewing is experiencing a renaissance and is unlikely to ‘date’ over the next few years. As such the management team believe the concept offers strong growth and consistent performance as it matures, with a loyal customer following and strong financial performance.”

IW Capital has provided development capital under the EIS scheme, facilitating B&K’s growth plans and qualifying for tax benefits under the government’s Enterprise Investment Scheme.

Brewhouse & Kitchen is the brainchild of Simon Bunn and Kris Gumbrell. Having worked both for chain and independent operators, and with more than 50 years’ experience in the hospitality industry between them, they have seen enormous changes within the sector.

Their passion for quality craft beer coupled with their desire to offer a varied and interesting menu choice motivated them to resurrect the traditional British pub, but with a modern twist.

Tags : Brewhouse & KitchenIW Capitalkitchensprivate equityPubs
Andrew Seymour

The author Andrew Seymour

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