Grind, the coffee shop, bar and restaurant group, has revealed details of six confirmed central London openings in the next 18 months, plus a new coffee roasting facility, ahead of its return to Crowdcube later this week.
In addition to Liverpool Street Grind, in Broadgate Circle, which opens later this month, Grind have secured two further restaurant-bar locations, Southbank Grind (opening Q4 2019) and Canary Wharf Grind (Q2 2020).
Meanwhile a debut franchised location with travel concession operator SSP in London Bridge Station, sites in Waterloo Station and Victoria Station which all open in the next few months, taking the group to 16 locations within the next 18 months.
Grind has also announced it is relocating its Shoreditch coffee roasting facility into a new much larger roastery in Elephant & Castle, which will increase weekly coffee roasting capacity by more than seven times.
This will support the growth of the business and the launch of their Grind at Home range led by their new compostable coffee pods for Nespresso® machines.
Grind founder and chief executive, David Abrahamovitch, said the company was targeting 36 locations by 2020.
He said: “I’m thrilled to be announcing this exciting next phase of funding and growth for the business — our largest ever - opening three company operated and three franchised stores in the next eighteen months to take us to 16 locations.
“With Broadgate Circle, Southbank and Canary Wharf, we’re taking Grind to a whole new audience through three large, prime, high-footfall locations.
“It’s also very exciting to be relocating our roastery to a much larger facility which will give us the capacity we need as we grow to a planned 36 locations by 2022.”
Grind is returning to Crowdcube at 10am on 8 March, offering members of the public the chance to buy shares.
This raise marks Grind’s third and final planned raise on the Crowdcube platform following the success of its £1.3m bond in 2015, and record-breaking £2.1m equity raise in 2017, which closed after just five days live to the public.