High Road Restaurant Group

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High Road Restaurant Group - overview

Established

2009

Location

Poole, Dorset, UK

Primary Industry

Travel & Leisure

About

High Road Restaurant Group operates Koh Thai, a restaurant chain delivering authentic Thai cuisine through a diverse range of traditional dishes and innovative cocktails across various UK locations. Founded in 2009 in Poole, UK, High Road Restaurant Group operates Koh Thai, which focuses on providing a unique Thai dining experience. The company was notably involved in a majority stake acquisition by Alcuin Capital Partners in November 2016, enhancing its strategic positioning in the market. The firm has successfully completed one recognized deal to date, which emphasizes its growth and operational strategy.


Koh Thai specializes in offering an authentic Thai dining experience with a menu featuring traditional dishes like curries and stir-fries, complemented by a selection of innovative cocktails. They cater to diverse dietary preferences, including gluten-free and vegan options, ensuring all customers can enjoy their meals. Locations include Bournemouth, Lilliput, Southsea, and Port Solent, appealing to both locals and visitors. In 2023, Koh Thai generated revenue of USD 16.


35 mn, with an EBITDA of USD -534,477. 90. Revenue is primarily derived from direct transactions at their restaurant locations, with services for dining in and click-and-collect options available. The pricing reflects a mid-range dining experience, supported by additional revenue through gift voucher sales, enhancing customer loyalty.


Looking ahead, Koh Thai aims to expand its reach into new geographic areas, although specific markets and timelines have not been disclosed. The recent acquisition led by Alcuin Capital Partners in November 2016 will likely support these expansion initiatives, allowing the company to refine its operational strategies and explore new product offerings.


Current Investors

Alcuin Capital Partners

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

www.koh-thai.co.uk

Company Stage

Buyout

Total Amount Raised

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High Road Restaurant Group - timeline of key events

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High Road Restaurant Group - financials

Fiscal Year EndedAug 26, 2018Jun 30, 2019Jun 28, 2020Jun 27, 2021Jun 26, 2022Jun 25, 2023Jun 30, 2024
Revenue (USD)11,561,73511,616,35510,028,8393,477,468---
% Revenue Growth (YoY)---(65.3%)---
EBITDA (USD)(303,279)(872,290)(5,866,766)(143,402)---
Operating Income (USD)(1,990,685)(3,179,334)(8,569,752)(623,331)---
Operating Margin(17.2%)(27.4%)(85.5%)(17.9%)---
% EBITDA Margin(2.6%)(7.5%)(58.5%)(4.1%)---
NET Income (USD)(2,772,802)(5,018,832)(7,488,104)(772,983)---
% Net Margin(24.0%)(43.2%)(74.7%)(22.2%)---

High Road Restaurant Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedHigh Road Restaurant Group-

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High Road Restaurant Group - employee data

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