Truck drivers have never really warmed to roadside restaurant chain Little Chef what with its lack of parking spaces designed to send HGVs elsewhere and a menu that seems rooted firmly in the 1970s. So some may experience a little shudder of satisfaction with the news of its financial woes .
According to reports the chain is losing somethinng in the region of £3m per year and is facing either a sell off to an Israeli property company or administration. It is currently owned by catering tycoons Lawrence Wosskow and Simon Heath who bought it a year ago for £52m from a private equity company.
The future for this er... British catering institution is by no means secure, but we can't help thinking that there's a ready-made market out there if only they thought about extending their parking areas a bit and welcoming truck drivers to the sites.
Comments (1)
I enjoyed the the listener comment on last night's PM on Radio 4.
"So Little Chef has gone into administration - hopefully they'll be more successful than when they went into catering"
Posted by Colin Barnett | January 4, 2007 11:30 AM
Posted on January 4, 2007 11:30