Fulham Shore brands key targets for PE
A leading analyst has said that Fulham Shore’s two restaurant brands – Franco Manca and The Real Greek – will eventually become prime targets for private equity investors.
Myles McNulty of Allenby Capital said: “There remains significant investor interest in the UK restaurant sector. Once Fulham Shore’s two restaurant businesses have bulked out more in terms of number of sites and national recognition, we feel that they, particularly Franco Manca, would represent prime targets for PE predators.”
The group has recently reported revenue of £8.3m for the nine months to 29th March compared to £8.6m for the twelve months to 29th June 2014.