Mine’s a pint! Crowdstacker offers investment in pub redeveloper
SECURED business loans peer-to-peer platform Crowdstacker is looking to satiate investor thirst for returns with an opportunity to back pub redevelopment company Authentic Alehouses.
Authentic Alehouses, which helps refurbish and improve underperforming pubs, is trying to raise £5m on the platform, offering investors returns of 6.5 per cent a year for three years.
The Leeds-based company will use the funds to redevelop the pubs and hand over management to Burning Night Group, a bar operations manager that recently raised £7m on Crowdstacker.
“We feel there is a huge opportunity out there for pubs and bars to reinvent themselves to meet the demands of a modern audience and remain relevant to a new generation,” Allan Harper, chief executive of Authentic Alehouses, said.
“People still want to go out and enjoy themselves, nothing has changed there. But what they expect has changed. They want good quality food, a wide choice of drinks and entertainment that fits their lifestyle – whether it’s watching big international football games or taking part in friendly quiz nights.
“Pubs can thrive and become very profitable with the right strategy to suit their local market, and the right management to implement it, and we are confident Authentic Alehouses has all of those successful elements.”
The investment can be held in Crowdstacker’s Innovative Finance ISA.
“The Authentic Alehouses team have made their careers out of setting up, turning around or managing successful drinking and eating establishments,” Karteek Patel, chief executive of Crowdstacker, said.
“Their track record, proven time and time again, demonstrates they have the expertise to identify a good buy with potential for profit.”