CAU, the Equistone-backed sister brand of Gaucho, is eyeing overseas opportunities and expects to open a further international site by the end of this year, M&C understands.
Graham Hall, managing director of the 17-strong group, which includes its original site in Amsterdam, told M&C that the company were working on overseas opportunities now and expect to see one this year with more in 2017 with Europe and the Middle East being its main focus right now.
He said that average sales for CAU per week is just over £30k net per site in UK while in Amsterdam €75k net (c£56) is the average.
The group recently opened in Bath as its looks to open eight to 10 sites a year.
It has further openings lined up in Exeter, Birmingham, MediaCity – Salford and Leamington Spa.
It believes there is potential to grow the brand to up to 100 sites in the UK and internationally.
Equistone, the buyout firm formerly owned by Barclays, completed its acquisition of the Zeev Godik-led, Intermediate Capital Group-backed business, last month in a deal valued at c100m.
