Bavette Bistro
Cooking up a fresh venture with a £110,000 funding deal
Company
Bavette Bistro based in the Horsforth area of Leeds and owned by Alexander Jarvis and his husband Clement Cousin is their first restaurant venture following successful hospitality careers in London.
Funding Requirement
Bavette Bistro secured a £110,000 funding deal with Reward to purchase and redevelop the former Little Monk site on Town Street in Horsforth.
Finance Solution
The funding we provided was integral to financing the property lease purchase and enabling a cash flow buffer whilst the bistro established its reputation.
Co-owner Alexander has enjoyed a successful culinary career. His experience includes working as a Commis Chef at former Michelin guided Knightsbridge restaurant Racine, and most recently working as Group Managing Director and Head Chef for The Culpeper Family Hospitality Group. Clement moved from France to London in 2012 and has since amassed over 10 years of front of house experience, including being Restaurant Manager at The Culpeper Family Hospitality Group where he met Alexander.
Bavette Bistro is located in the centre of Horsforth’s thriving bar and restaurant scene and offers a seasonally-led menu of dishes to cater for around 36 covers.
Alan Sanderson, Underwriter for Reward Finance Group, commented: “It’s great to support such a diverse range of SME businesses across the region, especially two hugely talented entrepreneurs who have drawn on their extensive experience in the restaurant industry to launch their first business venture.
“The deal is a great example of our flexibility and speed of lending and our ability to support a new business in the hospitality sector – something that mainstream lenders aren’t doing as frequently at the moment.”
Results
The funding was vital in helping Alexander and Clement purchase and redevelop the property, providing the catalyst for growth and increased reputation for their first restaurant venture.
Client Testimonial
“The funding provided by Reward is integral to financing the property lease purchase, complete the necessary redevelopment work to create a welcoming neighbourhood bistro and provide the working capital security while we build our reputation. We’re excited to have launched our first bistro in Leeds and we plan to succeed in an area of business that we are hugely knowledgeable and passionate about.”
Alexander Jarvis, owner of Bavette Bistro
