Edinburgh’s Bon Vivant group secures £1m finance deal

Edinburgh’s Bon Vivant group, which owns and operates bars and restaurants across the city, as well as a wine, beer and spirit shop, has secured a finance deal of almost £1 million from Allied Irish Bank (GB) to support its growth plan in 2018.

The group, which is headed by Stuart McCluskey, operates The Bon Vivant, The Bon Vivant’s Companion and El Cartel on Thistle Street, and the Devil’s Advocate in the Old Town.

[adbutler zone_id=’297765′]

Stuart McCluskey from the Bon Vivant Group said: “Allied Irish Bank (GB) is providing £950,000 towards three new venues. We will be opening a second El Cartel in Teviot Square in the summer, once refurbishments are complete.

“As an independent Edinburgh business, we are particularly proud to have been selected as the operators for two new venues within the Edinburgh Grand development on St Andrew’s Square.

“A number of UK national chain outlets have opened on the square as part of its renaissance, so we applaud the Chris Stewart Group for selecting an Edinburgh firm to operate the bar and cafe bar.

“All of this means we’ll be doubling in size over the next six months, and in a great place to expand in coming years. The team at Allied Irish Bank (GB) has been exceptionally supportive and understands not just our business, but also the wider picture in Edinburgh and across the trade.”

Sean Fallon, senior relationship manager at Allied Irish Bank (GB), worked closely with the Bon Vivant Group to structure the finance deal. Sean said: “Stuart McCluskey has a reputation as being one of the top operators in Scotland, and the Bon Vivant Group has huge potential for growth.

“The group’s passion for quality and service is evident across all its locations, and they have developed a business structure that made them an attractive partner for the bank.

“Allied Irish Bank (GB) is a specialist in the hospitality and leisure sectors and we understand the pressures and opportunities that operators encounter.”

El Cartel will be opening in summer 2018, and The Edinburgh Grand, a Chris Stewart Property Group development opens on June 1st and by autumn will include two venues operated by the Bon Vivant Group.

[yikes-mailchimp form=”2″ title=”1″ description=”1″]

Sponsor

Our Other Titles

Latest

Global growth accelerates as Miigen acquires digital inheritance platform

Miigen, the secure private social platform for older adults which enhances the quality of later life living, has increased the pace of...

EIE20 tech investor event goes virtual

SCOTLAND technology investor showcase, EIE20, is going virtual this October. EIE20 features 50 data-driven start-up to scale-up companies pitching...

Scottish SMEs receive £4m in loan funding through Business Loans Scotland

SIXTY-two business owners across Scotland have received a loan from Business Loans Scotland to support the start-up and growth of their company.

Social media agency marks anniversary with £1m turnover

SCOTTISH specialist social media agency Hydrogen is set to celebrate its fourth anniversary with the news that it has broken the £1m...

Edinburgh space data company secures new funding

EDINBURGH-based business Astrosat is propelling itself to the forefront of international Space Applications and innovation with support from the Scottish Government and...