Healthy eating chain to expand after hitting £500,000 crowdfund target

By Sophie Witts contact

- Last updated on GMT

Founders Will Pugh and Adele Carnell hope to open 30 sites in five years
Founders Will Pugh and Adele Carnell hope to open 30 sites in five years
Yorkshire-based healthy eating chain Filmore & Union is extending its Crowdcube campaign for a further two weeks after hitting its £500,000 target in under 45 days.

At the time of writing a total of £711,250 has been raised from 185 investors, in return for a 16.75 per cent equity in the business.

With an annual turnover of £3.2m in 2014, Filmore & Union is hoping to open 30 sites with a combined turnover of £20m in the next five years.

New sites

The group is using the Crowdcube funding to open a 56-cover Filmore & Union café, restaurant and bar in Ilkey on 3 August.

A 130-cover restaurant, the largest Filmore & Union to date, will launch in Station parade in Harrogate on 31 August

The company will also open their first East Yorkshire site in the market town of Beverley early in September, seating 86-covers over two floors.

Continuing investor interest

Founded in 2011 by Michelin trained chef Will Pugh and wellness clinic owner Adele Carnell, Filmore & Union currently operates seven sites across Yorkshire.

Carnell said: “It’s been amazing to have been supported by so many people who love our food and concept and we can’t thank everyone enough for their investment and support so far.

“We’ve decided to extend our fundraising period as we’re still getting so much interest so we want to make sure that everyone who wants to has the opportunity to invest in us.

“Achieving our crowdfunding target means that we can make pure, natural and wholesome food accessible to more people across the North of England which is so exciting for us!”

Related topics: Business, Restaurants

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