A company from Lithuania, which is running fine dining restaurant in the field of local and seasonal cuisine or modern locavore trend, is planning further development and is looking for financial or joint venture partners.
The company is running casual fine dining restaurant, which is based in Vilnius, capital of Lithuania. The concept and whole philosophy of the restaurant is to follow strictly the seasons of Lithuania and use only local ingredients on the menu. The concept is already known and embraced in other countries for some years. However, the restaurant is pioneering in this field in Lithuania and doing it strong. It focuses on dinner service only with fixed menus of 4 or 7 courses and proves to do that in a very high class fine-dining standards with some more relaxed and casual atmosphere. The company is planning further development of the restaurant and seizing the additional opportunities for generating profits. To implement those the company is looking for a financial or joint venture partner.
Innovations and advantages
- gained publicity and acknowledgment in local and foreign press/markets in a short period of time; - being pioneers of locavore trend in Lithuania; - own garden that strongly supports the positioning; - hands-on leadership and particular know-how; - established network of contacts: media, governmental institutions, embassies, HORECA representatives, etc. - established relationship with Swedish Chamber of Commerce; - established network of local suppliers; - long term premises rental agreement; - restaurant is already included in well known travel guides such as Lonely Planet; - well thought market strategy for further development and growth.
Market application codes
09003007 Other services (not elsewhere classified)
Intellectual property rights
Comments, number and date of patent
The most important and valued IPR of running a restaurant is possessing specific know-how and having the right/best chef to implement the ideas.
Type of partner sought
The company is looking for investors who are willing to support the development of their restaurant. The partner does not necessarily has to be directly from restaurant industry. The shared values and vision for the development of the business would be the priority. Partnership possibilities and actual conditions may vary and should be discussed individually.