East Coast Concepts

East Coast Concepts operates Neighbourhood Restaurant & Bar, offering a blend of dining, drinking, and entertainment focused on vibrant customer experiences in urban settings across the UK. East Coast Concepts, headquartered in Manchester, UK, operates Neighbourhood Restaurant & Bar, which specializes in diverse food and drink options paired with lively entertainment. Founded by Vernon Lord, the company has not undergone significant pivots or changes in business operations since its inception. The latest funding round occurred in June 2016, when NorthEdge Capital invested in the company, although financial terms were not disclosed.

The company has completed a single deal on record as of June 28, 2016. Neighbourhood Restaurant & Bar provides a variety of dining and entertainment experiences, focusing on a globally inspired menu alongside trendsetting cocktails and live events. Known for their bottomless brunch concept, they attract a diverse audience, especially young adults. The restaurant operates in various UK cities, including Leeds and Liverpool, providing themed events and happy hour specials that cater to social dining experiences.

In the most recent fiscal year of 2019, Neighbourhood Restaurant & Bar generated revenue of USD 9. 77 mn with an EBITDA of USD 33,582. The business model is based on direct-to-consumer sales, where patrons pay for meals and drinks, particularly during special events like bottomless brunches, which are priced at a fixed cost for unlimited offerings within a set period. East Coast Concepts is exploring expansion opportunities aimed at increasing their footprint in additional major UK cities.

Although specific new product launches or timelines are not detailed, the funding received from NorthEdge Capital is expected to support these growth initiatives. The firm plans to leverage recent investments to diversify its offerings and enhance marketing efforts to attract more customers to its venues.