Little Chef Restaurant Chain Put Up For Sale

Written By Unknown on Senin, 15 April 2013 | 12.06

By Tadhg Enright, Business Correspondent

Roadside restaurant chain 'Little Chef' has been put up for sale - six years after it was rescued from administration.

Business turnaround specialists RCapital, which took control of Little Chef in 2007, have appointed KPMG to find a buyer.

It is understood there have already been expressions of interest from potential buyers.

Over the past six years, the chain famous for its 'Fat Charlie' logo has been slimmed down from more than 200 to 83 profitable sites beside A-roads all over Britain.

It also recruited celebrity chef Heston Blumenthal to revamp its menu as part of a Channel 4 documentary.

Sky sources say its estate of restaurants, most of which have large car parks, should appeal to coffee chains or convenience stores.

Heston Blumenthal outside his Fat Duck restaurant when it reopened in March, 2009. Heston Blumenthal attempted to revive Little Chef's fortunes

In a statement, RCapital said: "Over the last six years, RCapital has successfully completed an operational turnaround and financial restructuring, which has repositioned the business and brought the group of companies back into profitability.

"The move was part of a long-term critical rebuild strategy to create consistently profitable sites against the backdrop of one of the worst recessions in living memory.

"With the turnaround successfully completed, it's time to explore the next phase for the food service operator."

Little Chef employs 1,100 staff and serves six million customers a year.

Its first branch, which had just 11 seats, opened in Reading in 1958, but by the 1980s Little Chef had become a fixture of British motoring with more than 230 branches at its peak.


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