Crêpeaffaire, a UK multi-site crêperie brand, secured an over £2m investment from Business Growth Fund.
BGF has become a long-term, minority investor in the business.
The company intends to use the funds to accelerate its new site rollout across the UK and internationally.
Set up in 2008 by chief executive Daniel Spinath, Crêpeaffaire provides an all-day offering, serving sweet and savoury crêpes, waffles, coffees and smoothies for food-to-go and sit in customers. It operates 10 company owned sites and has a growing franchise in the Middle East.
Starting from a single London site, the quick service group has opened new sites across London and other parts of the UK, including Birmingham, Newcastle, Leeds and most recently Chester. The business generated more than £5m in revenue in 2017, with system sales approaching the £10m mark.
Earlier this year, Crêpeaffaire appointed Andrew Guy as non-executive Chairman to support the group’s expansion plans.
FinSMEs
02/02/2018