Red Hot World Buffet (RHWB), the buffet restaurant operator, which is understood to be in talks to sell a stake to Luke Johnson, is set to open a site in Leicester later this year.
The seven-strong group has secured an empty retail unit and pub on the corner of the city’s High Street and Shires Lane for the opening. It is also eyeing openings in Sheffield and Glasgow.
It is thought that a deal for the business could value the operation at about £30m.
The company has ambitions to grow the estate to 25 UK sites by 2015 and believes the UK can accommodate 80 Red Hot units eventually.
