Healthy fast food restaurant Pod has announced it is to take advantage of low property values with expansion plans to open three new London sites this year.
After securing £500k of debt from Royal Bank of Scotland under the Enterprise Finance Guarantee Scheme and a further £500k from existing shareholders, Pod will expand its portfolio to six sites by the end of 2009.
Having recently opened a 100-cover outlet in Devonshire Square, serving healthy breakfasts and lunches to eat in or takeaway, Pod will this autumn launch new restaurants at New Street near Chancery Lane and at More London on the Southbank.
While no announcement has yet been made on the location of the sixth site, Pod is considering prime retail locations with reduced rents, and where ‘further incentives are being offered’.
Tim Hall, chief executive and founder said: “We’re trading our socks off and winning new customers every day despite being located in the Square Mile. We treat customers and suppliers fairly and honestly. We’re pioneering healthy fast food; we love it and so do Londoners.”
Pod also has outlets in London Wall and Lloyds Avenue.