Le Bistrot Pierre franchise gets £9.8 million to expand the brand all over the UK
Le Bistrot Pierre currently has 14 eateries across the UK including the Stockton Heath Branch. Established as a franchise in 1994 by school friends Robert Beacham and John Whitehead,
within the last six months, they have opened two additional bistrots in the City of Bath and Newport. hey are planning to open branches in two other locations, Birmingham and Swansea by the end of 2016.
In 2015, The £20 million franchise group delivered record revenues of £18 million and profits in excess of £2 million .
The addition of the investment boost from mid-market private equity business Livingbridge, is set to accelerate the restaurant roll-out plans.
Co-managing director Mr Whitehead said: "We are excited by Livingbridge's endorsement of our business and with their investment, look forward to expanding our estate and opening more successful bistrots.
"The whole process leading up to the deal has been smooth and we are now relishing the new years of growth with our partners."
Livingbridge director Benoit Broch added: "Bistrot Pierre is precisely the sort of business that we love working with – they have a fantastic management team, a proven business model and a really differentiated
offering and we are really excited about our future partnership with them having had the pleasure of getting to know Robert, John and the team over the past year.
"This deal really demonstrates Livingbridge's continued commitment and enthusiasm for the eating and drinking out market and we look forward to building on our growing presence in this space."
The investment in Bistrot Pierre is Livingbridge's second deal in the restaurant sector having invested in Pho, the Vietnamese restaurant chain, in 2012.
Le Bistrot Pierre,‘raison d’être’ is great value French cooking with seasonal menus. They like to combine French bistrot classics such as steak-frites, boeuf bourguignon and tarte au citron with our own take on
regional favourites like tarte flambée, Bouillabaisse and paté de campagne. Our relaxed and friendly bistrots are the place to go for any occasion.
It's warm, welcoming and a great place to relax and enjoy authentic French cooking anytime of day or night and is a local favourite amongst residents and businesses alike.
Tel: 01925 214 250