Risk Capital Partners, which owns a majority stake in Red Hot World Buffet, has put the buffet restaurant group on the market for around £5.5m, and has already received an offer from Cosmo Authentic World Kitchen group, according to MCA.
Red Hot World Buffet offers all-you-can-eat dining at a fixed price; providing customers with great choice and excellent value for money. Cuisines served includes English, Indian, Chinese, Italian, Tex-Mex and Japanese dishes.
The company was founded in 2004 by husband and wife Parmjit and Helen Dhaliwal. It has since grown into a chain of six large restaurants across the country.
Risk Capital Partners supported a buy-out of the business in 2013. The group's investment included development capital to upgrade the existing estate and fund the roll out of identified new sites.
Cosmo opened its first restaurant in 2003 and has since enjoyed continuous growth and expansion. With 16 locations and more planned for this year, the group serves thousands of customers every day, making it one of the UK’s largest restaurant groups by volume.