Mark Harper, a former joint managing director at Bourne Leisure, operator of Butlin’s, is to take a stake in West Country better burger concept Hubbox as the business gears up for expansion, MCA has learnt
Harper is understood to be taking a c22% stake in the five-strong business and is set to become the Richard Boon-led group’s non-executive chairman.
The group is believed to be in talks on securing further funding as it looks to grow to 25 sites, the majority in the South West, by the end of 2020.
It is believed to have already received interest from a number of private equity groups and investment funds.
The business, which is believed to turnover c£5.5m, was launched in St Ives in 2003.
It opened in Plymouth last October and also operates sites in Exeter and Truro.
Harper told MCA: “It’s a great business that has built up a string customer base and has the potential to grow further. I am delighted to be getting involved to help Richard plan the next stage of the company’s development. There has already been plenty of interest in the concept, but we have to be careful of getting the right support to match the group’s culture and ambitions.”
Harper spent 15 years at Bourne before stepping down last November. Previous to that he was an operations director at Allied Domecq.