Member Article

Boost for Manchester-based juice bar company thanks to investment from BGF

BGF (Business Growth Fund) has provided Boost Juice Bars UK (Boost) with follow on funding after a continued period of growth.

BGF’s investment in the company now stands at £3.9 million, up from the £2.5 million committed in December 2012.

The company behind Boost, Manchester-based TD4 (to die for) Brands, will use the follow-on capital to accelerate the roll-out, with locations identified for another 20 stores over two years.

The number of Boost stores in the UK has more than doubled from 10 to 25 with sales approaching £10 million over the last 18 months.

New flagship stores have launched in London, Newcastle, Brighton and Birmingham along with other major cities across the UK.

The original 10 stores – including Manchester’s Trafford Centre and Meadowhall Sheffield – continue to show very strong like for like sales growth, as they approach nearly eight years of trading and as the “well-being” sector continues to find favour among food and beverage consumers.

Manchester Trafford Centre now hosts two Boost Juice Bars and remains the busiest location for the company across its global footprint of 350 stores in 16 countries.

Richard O’Sullivan, co-founder and chief executive of Boost said: “The past 18 months has seen fantastic growth in new stores and in our underlying performance.

“We have identified many potential Boost locations. We are keen to move forward with expanding the Boost brand throughout England and Scotland in particular.

“BGF’s follow-on investment allows us to do this.

“Since working with BGF, we’ve retained control and flexibility over the running of our business, with the added benefit of access to its growing network.

“This approach suits our culture and style and, importantly, is in line with the expectations set by BGF.”

Neil Inskip, senior investment manager, BGF and Boost board member said: “With this follow-on investment, we’re increasing our backing of a highly experienced management team.

“We’re enjoying watching Boost make its mark in the fast-growing wellness sector, and we’re all the healthier for it.”

This was posted in Bdaily's Members' News section by Sophia Taha .