The Liars Club Group, the Manchester group behind pizza and tequila bar concept Crazy Pedro’s, has secured a £700,000 loan from Barclays to take the brand outside the city.
The loan will kick-start the group’s long-held ambition to open multiple Crazy Pedro’s sites across the UK, with the first outside Manchester opening in Liverpool at the beginning of November.
The pizza parlour and bar will launch on Parr Street, Liverpool, with two floors and a sun terrace.
The bank loan follows a previous £300,000 loan from Barclays.
Crazy Pedro’s co-founder Lyndon Higginson has previously told MCA he would like to open 10 Crazy Pedro’s before considering selling the concept.
The Liars Club Group will also open its first restaurant in Manchester at the end of October, The Bay Horse Tavern, on Thomas Street, which will serve British small plates and a local beer and gin focussed drinks menu.
Ross Mackenzie, Director of The Liars Club Group said: “This funding from Barclays is instrumental in ensuring The Liars Club Group continues to grow, not just here in Manchester, but across the UK.
“We have great established brands that we feel we can replicate in other cities and look forward to rolling out our expansion plan over the next few years.”
Stuart Stocks, relationship director for Barclays added: “Our industry knowledge and ability to structure a bespoke banking package ensured we were able to support our client on this deal. This is a great business, the location of the sites and the quality of the offering, providing a truly unique experience. With a strong management team, they are now well placed in the sector to continue to achieve significant growth.”
The Liars portfolio consists of Cane and Grain (including Science and Industry) on Thomas Street, Crazy Pedro’s on Bridge Street, along with a second underneath Afflecks Palace and The Liars Club.