Ex-Clapham House Group chairman David Page is set to launch a new restaurant venture called Fulham Shore, with plans to introduce two or three start-up concepts and reverse private assets into it over the next two to three years.
The former chairman of Pizza Express has appointed Allenby Capital to advise Fulham Shore on a possible listing on Plus Markets or AIM, probably in July.
Page is in the middle of raising £1.2m through the tax-efficient Enterprise Investment Scheme (EIS) for the new venture, which already includes around 20 shareholders, several who have worked with the Real Greek owner before, including Nabil Mankarious (Real Greek), Nick Donaldson (London Bridge Capital), Sami Wasif (Hakkasan), David Sykes (GBK) and Scott Collins (former finance director at Capital Pub Co).
Page said: “My motto is ‘always work with people more intelligent than myself’.”
Page, who is also an investor in Franco Manca and Rocca, told M&C Report that, as those investments matured, they “could be reversed into Fulham Shore”, together with other one-off restaurants in which he has money invested. He is also an investor in Meatailer Ltd, the company behind Meateasy and Meat Liquor.
According to The Times, Page will put up to £250k of his own money into the venture, which will concentrate on South Korean, teriyaki and a deli-restaurant concepts for the new vehicle.
He also said that it was “possible we might flog 25% of the company in a year or two” as it expanded.