Healthy eating restaurant’s expansion plans in Leeds after £930k crowdfund success

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AN INDEPENDENT healthy eating company has raised a staggering £931,960 from a crowdfunding campaign to expand their already fruitful business.

Filmore and Union, which has sites in Leeds city centre, Moortown, York and Wetherby, aimed to raise £500,000 but were overwhelmed with support – with an extra £431,960 being pledged.

The company set up the initiative on Crowdcube in May with the aim of accelerating their expansion plans across Yorkshire and the North of England.

They will now launch their eighth restaurant and bar in Ilkley on August 10.

Founder and director, Adele Carnell, said: “We can’t believe we’ve managed to overfund by such a large amount – the response [...] has been overwhelming and we want to thank everyone for their support. The majority of our investment has come from our customers, which we are so honoured by.”

The impressive crowdfunding figure has been pledged by 317 investors in return for 22.28 per cent equity.

Former wellness clinic owner Adele founded the healthy eating brand in 2011 with Will Pugh, a Michelin trained chef.

The first café opened on Low Petergate, York, in March 2012 and the group turnover was an impressive £3.2m in 2014.

Over the next three years, turnover is expected to increase by £3.8m.

There are also plans to open two more sites by the end of September in Harrogate and Beverley.

The new 1,200sq ft Ilkley site be at the former Martha and Vincent on The Grove, and will cost £100,000.

It will include an outside dining area and a cocktail bar.