Team members involved:
At the time of our investment, Living Ventures was the operator of The Living Room chain, an innovative casual dining restaurant and piano bar serving high quality food and drink in a contemporary venue, combined with industry-leading service levels.
This was an opportunity to back the two highly regarded leisure entrepreneurs who had created The Living Room concept, Tim Bacon and Jeremy Roberts, in rolling out a modern, service-led brand on a national basis. The Living Room represented a highly differentiated offering with significant growth potential, and was led by an exceptional operational team.
During the four years of our ownership, Living Ventures delivered strong growth in both sales and profits, increasing the number of sites from two to 15, including expanding into the London market. Two additional brands, Blackhouse Grill and Prohibition, were also developed. In 2005, our investment was realised as part of a transaction with The Restaurant Group plc, generating a return of approximately four times cost.Website: www.livingventures.com Read more about our Consumer & Leisure strategy
Bowmark were approachable and open. Even when there were difficult times we achieved a positive outcome.Jeremy Roberts, Co-Founder