23rd Sep 2019 13:28
(Alliance News) - Escape Hunt PLC said Monday it signed a franchise deal with investment firm Proprietors Capital Holdings to roll out its escape room teamworking puzzle product in the US and Canada.
Proprietors Capital has previously grown franchised brands such as Papa Murphy's, Miracle Method and Pedal Pub.
No financial details were provided for the deal.
"We are delighted to have found in PCH a partner that has a proven track record of rolling-out franchises, is well-resourced, and has a deep understanding of the experiential market," Escape Hunt Chief Executive Officer Richard Harpham said.
"With a plan to roll-out escape rooms across the entirety of the US and Canada, this deal represents a significant step towards achieving our goal of growing the franchise estate by two to three times over the medium term", Harpham added.
Shares in Escape Hunt were untraded at 50.50 pence in London on Monday.
By Ahren Lester; [email protected]
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