Landlord seeks 10 new pubs
Sunday 28 March 2010
David Bruce, the pub entrepreneur, is set to raise up to £10m for the next stage of his latest venture.
He has already raised cash to purchase and develop sites for the first phase of his Country Pub & Dining brand and is looking to have 10 sites set up within two years.
He has established funds worth up to £2m each for his first five ventures, and will start fundraising for the second tranche at the beginning of the next financial year in April.
Knight Frank, the property agents, is looking for sites for the company's latest expansion.
Mr Bruce was the founder of the Firkin pub chain. He estimates that between 10 and 12 pubs are needed to establish a chain. He believes this "flog or float" strategy ensures a return for investors.
He is organising it so that each site can be brought under the Enterprise Investment Scheme which allows up to £2m for any one company. Each site in his new chain costs between £1m and £2m. The company strategy is to open one of his upmarket pubs near a Waitrose shop which he believes has a similar market.
Harry Potter actor suffered 'severe flu-like symptoms' on a flight from London to Orlando
First full-length look is finally here
World cities ranked in terms of safety, food security and 'liveability'
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Sex abuse inquiry: 'Victims receive death threats' after MPs release names online
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Teenager brandishing fake gun taken down by police after demanding airtime on Netherlands' NOS TV station
The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...