Purecraft Bar & Kitchen is redrawing its strategic plan and is likely to seek funding for a full rollout of the format later this year, MCA understands.
Managing director Martin Hilton said the company had planned in incremental expansion with funding being secured for two sites at a time but was now likely to go for a more aggressive fundraise.
He said the group - which is a collaboration between Paul Halsey’s Purity Brewing and former Michelin-star chef Andreas Antona - would look at high net-worth investors as well as crowdfunding.
He said the group had lost out on a site in Leeds but was still keen to open in the city but was also actively searching for sites in London, Manchester.
The group opened its second site in Nottingham earlier this year. Hilton said trade had been good at the new site, which tended to have greater custom at the weekend than the group’s debut bar in Birmingham.
Hilton said: “We will re-write our strategic plan and instead of funding for sites three and four and then going back for more funding we will probably look to get some equity funding so we have the ability to go after four or five sites straight off the bat.
“We will look to bed in at Nottingham for a few months and then will start looking at investment.”
