Revolution Bars, the 58-strong chain of vodka bars chaired by ex-Arsenal boss Keith Edelman, has set out plans to float in London with a valuation of up to £200 million.
Edelman once ran then-Mothercare and BHS owner Storehouse and is on the board of Supergroup and Goals Soccer Centres.
Revolution wants to spend cash raised from the float on expanding its estate to 140 bars. It wants to have open up to five new bars a year and will start the expansion with its Revolucion de Cuba range.
It hit underlying earnings of £13.2 million last year and reckons its “bar design, table service, hand-made cocktails and freshly prepared food” attracts “customers willing to pay a premium”.
Average customer spend per head in the Group's bars is high compared to other businesses in both the UK restaurant and pub industries, it said.
The company expect the listing will take place in March.
Numis Securities is running the deal.
