The operator also plans to open 25 sites.
Loungers has unveiled plans to float on London’s Alternative Investment Market.
The restaurant-café-bar operator expects to be admitted by the end of the month, and expressed plans to open 25 sites this year.
Of the 25, approximately 20 are expected to be Lounges whilst approximately five are expected to be Cosy Clubs.
Loungers currently operates 146 cafés, bars and restaurants across England and Wales under the Lounge and Cosy Club brands.
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