Rare Restaurants’ CEO Martin Williams has confirmed that advisors have been appointed to assess the group’s “strategic options”.

The business, which owns Gaucho and M Restaurants, has appointed Clearwater International to evaluate possibilities.

Williams said the decision was made following “a highly successful 18 months trading post-pandemic”, adding that the group’s turnover last year stood at £53m with £10.8m EBITDA.

The news comes as Gaucho Liverpool prepares to open next month in the former Bank of Liverpool building, a Grade 11 listed venue, at 7 Water Street.

The 200-cover site will host a 90-cover bar area, two private dining rooms as well as a ‘Beef Bar’ where diners can try experiences such as beef and wine masterclasses and serve what it claims is exclusively carbon-neutral beef.