IW CAPITAL FUNDING INTO BREWHOUSE & KITCHEN FUELS RAPID GROWTH THROUGH 2015
Brewhouse & Kitchen opened its first pub in Portsmouth in 2011, and following 2 rounds of funding by IW Capital in 2013 and 2014, has undergone brisk expansion with venues currently in Islington, Bristol, Poole and Dorchester.
Brewhouse & Kitchen is set to add its name to new venues in Gloucester Docks, Highbury and Bournemouth in 2015. The objective of Brewhouse & Kitchen Ltd is to acquire and develop freehold pub assets or long term free of tie leasehold assets and facilitate the roll out of the Brewhouse & Kitchen concept.
The pub chain features an on-site micro-brewery, creating its own exclusive range of cask ales alongside locally sourced quality seasonal food. Micro brewing is experiencing a renaissance and is unlikely to ‘date’ over the next few years. As such the management team believe the concept offers strong growth and consistent performance as it matures, with a loyal customer following and strong financial performance.
The trading concept is now proven and is capitalising on the growing market share of ‘craft ales’, unique, bespoke and individually created brews delivered to consumers in a new and inclusive way.
IW Capital provided development capital under the EIS scheme facilitating B&K’s growth plans and qualifying for tax benefits under the government’s Enterprise Investment Scheme.