Little Chef Completes Sale Leaseback of 65 Restaurants

CatererSearch.com - November 21, 2005

The People's Restaurant Group Ltd took ownership of Little Chef Restaurants and the Little Chef brand on 20th October 2005. The company purchased the restaurant chain from Travelodge Hotels Ltd, a company backed by Permira Investment Fund Managers. Little Chef will continue to trade under its brand name and as Britain's largest roadside restaurant chain.

Little Chef has appointed the team behind BP's Wild Bean cafe to roll out its new "Bean Here" grab-and-go offer. The GBP 5 million roll-out, which will create 1,000 jobs, will start at the rate of four per week in January 2006. It is being funded by the sale-and-leaseback of 65 Little Chef sites.

Wosskow and co-owner Simon Heath also plan to spend GBP 1 million on changing roadside signage and adding a minimum of three new signs per unit across the 250-strong estate. Sphere: Related Content