City 'superwoman' using crowdfunding to raise money to take over local premises
Mystery surrounds the Chiswick location where City ''superwoman' Nicola Horlick has declared an interest in opening a restaurant, to be called Times Place Brasserie.
The former hedge-fund manager has said she is planning to take on a profitable restaurant site and is currently raising £150,000 on crowdfunding site Seedrs. Over half the amount has already been pledged.
Ms. Horlick, co-founder of Bramdean Asset Management, opened Georgina's in Barnes last year.
The plan is to raise the funding for a French-style brasserie which would effectively see the expansion of an existing restaurant in Chiswick. Investors can put up sums starting from as little as £10 - one of the benefits is that shareholders will get a 20% discount off the food bill.
The restaurant in question is currently making a profit of around £5,000 per month and the deal negotiated is for a price of £110,000 to take the site on and pay £40,000 for the kitchen equipment, chairs, tables, wine stocks etc.
The website for Times Place Brasserie states; "This will be paid in equal amounts over a 12 month period. The restaurant is an area where there is a large residential population, but there are also offices nearby providing the opportunity to develop the lunchtime trade.
"The restaurant has a brunch trade at weekends, but we believe that this can be developed further. There is a garden at the back of the restaurant, which is not currently used and we will be investigating the potential to make use of this during the summer months."
November 23, 2013