Print Shortlink

La Favorita Delivered Ready to Expand

pizzaIf you love pizza, you just might want to keep an eye on the La Favorita Delivered company. This chain, backed by financier Jon Moulton, is planning to raise £400,000 with crowdfunding to expand into Scotland and the rest of the UK.

The chain currently has four branches. They are opening two in Glasgow next year and they hope to have 50 outlets in the UK within the next five years. Interestingly, between 5 and 10% of the company is available for investors, as they want to raise between £200,000 and £400,000 from investors with Investing Zone. Moulton has personally committed £50,000. As two friends Matt Peaks and Andrew Studio, frequenting the restaurant said, “It’s great pizza and there is no reason that it wouldn’t do well in other locations.” Another patron, Toni Amber agreed. “A good investment is a good investment. I’d actually like to know more. This might be something worth doing.”

As La Favorita’s chief executive, Kenny Scott, said, its vision is to be “the best, largest and most trusted pizza delivery company in the UK, building on our reputation of producing only a premium product.”

And if customer comments like those of Matt and Andrew are a good indicator, they just might get there. “It’s an exciting idea,” said Amber.