Established Chain of Twelve Bars and Eateries

Offer Deadline:

Sold

Project Orchid

Hilco is pleased to offer for sale the business and assets of Project Orchid, a chain of twelve bars and eateries predominantly located across the Midlands and the South East of England. Offers are sought for the business and assets as a whole or for individual parts.

The Opportunity

  • Established business and brand
  • Premises situated in the Midlands and the South East
  • Proven concept offering the scope for further expansion

The Business

  • Founded c.14 years ago the business has grown from a single outlet to an established chain offering a unique format.
  • Premises fitted out in the Company’s own trading style
  • Offering a wide selection of wines and beers in addition to food
  • Two bars held in a subsidiary company and trading under separate formats
  • Operating with approximately 280 employees across all locations
  • Experienced management team
  • Turnover for year ended 31st March 2023 c.£16m with consolidated EBITDA of c.£722,000.

Business Assets

Available assets include:

Leasehold Premises – the 12 fully equipped leasehold bars with associated premises licences.

Furniture & Equipment   – the bar furniture and equipment as owned by the Company

Stockholding  – the wet and dry stocks

Intellectual Property  – the established brand name and associated trademarks, customer database, domain name, copyright in the website and social media accounts.

Goodwill – the goodwill attaching to the business

Sale Process and Further Information

On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual dataroom housing additional information. To access the NDA please click the link, sign and return via email to ahart@hilcoglobal.eu and  apercival@hilcoglobal.eu

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply.  Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Contacts

Anthony Hart MRICS

Associate Director

London Office

+44 (0) 7513 822654

ahart@hilcoglobal.eu

Roland Cramp MRICS

Managing Director

London Office

+44 (0) 7710 152668

rcramp@hilcoglobal.eu