For International Investors · UK · EU · US
Hospitality investment in Spain, managed by operators with 30+ combined years across the UK and Valencia. Monthly P&L reporting in English. We take P&L responsibility — not advisory retainers.
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By the numbers
No projected returns. Just the operational discipline we hold every site to, what we've actually done, and what the market data shows.
| Food cost | < 32% of revenue, tracked weekly |
| Labour cost | Managed weekly against shift-by-shift productivity benchmarks — adjusts with volume |
| Bottom line (EBITDA) | 12–20% — depends on concept, location and operating maturity |
| P&L reporting | Monthly, in your inbox by day 10 of the following month |
| KPI review cadence | Weekly with the General Manager · Monthly with you |
| €12M+ | Combined P&L managed directly by Kamil + Kevin (UK + Valencia operations, simultaneously) |
| 150+ | Team members led across openings |
| 10+ | Restaurant openings managed directly across two countries |
| 20+ | Additional openings supported through advisory engagements |
| 5 | Years operating multi-site in Valencia |
| 30+ | Combined years of UK + Spain hospitality experience |
| £5.2M → £7.8M | Annual revenue uplift on a single Nando's site (Westfield Stratford, Kamil — +50%) |
| 4 | Multi-site openings in Valencia (Kevin — El Kiosko + hotels) |
| 24 | Michelin stars at Grupo Martín Berasategui — the group where Martin trained as a chef before serving as Executive Chef at El Kiosko and other Spanish operations |
| Stat | Source |
|---|---|
| 5M+ annual tourists in Valencia, ~8% YoY growth since 2022 | Turismo Comunitat Valenciana |
| Hospitality entry costs 30–40% lower than Madrid or Barcelona for comparable footprint | Spanish commercial rent data |
| 12–18% EBITDA margin range for well-operated multi-site Spanish hospitality | FEHR / Hostelería de España industry data |
These are operational metrics and market data — not projections of returns to any specific investor. Actual returns depend on site, concept, capital structure, financing, and operating conditions specific to each deal.
The pattern we keep seeing
It's not the cuisine. It's not usually the location. It's that the operating team on the ground doesn't have the discipline of having run multi-site businesses elsewhere — and the investor has no realistic way to find that out before signing.
You're in London, or Amsterdam, or Boston. The general manager doesn't speak the same business language as you. The local advisor charges €4,000 a month and disappears when there's a problem. The P&L arrives quarterly, in Spanish, with line items that don't match anything you've seen in your home market.
By the time you realise the gap, you've already lost a year of operating cash flow.
We exist because we've watched this pattern happen — and built the operating discipline to fill the gap.
Proof, not projections
Real Valencia businesses we've opened or operated — and the ones we're opening right now. The names behind the numbers above.
Two locations of a national franchise, opened and run from fit-out through to daily service.
Outcome: multi-site execution proven, not theorised. Site two breaks 70% of brands; not here.
An empty space in Ciutat Vella turned into a working French bistro.
Outcome: open and trading in central Valencia — 5.0 on Tripadvisor.
After proving the concept at Soap Lounge, we're taking the brand to a Valencia city flagship: build-out, operation and launch.
Their Umami Queen burger: Best Burger in the Valencian Community 2026, and third in the Best Burger in Spain 2026 Championship.
For an international investor entering Valencia, the entire build in one accountable package.
The model: from empty market to open doors — one team accountable end to end.
In their words
Kevin has been a key piece in the expansion and professionalisation of our businesses. He led the opening of our El Kiosko franchises in Valencia with great organisation, judgement and attention to detail. Well-structured locations, ready to run from day one.
Before opening Bistro Gabi I had the idea and the vision, but I needed clarity. Kevin brought structure, judgement and support on the key decisions, from location to suppliers. He's been far more than a consultant: a trusted partner throughout.
I worked with Kamil for 15 years and he always delivered at the highest level. He ran very demanding operations, led teams of 120+ people and solved complex challenges with clarity and control. A practical, direct, fully results-driven operator.
Three Ways To Work With Us
| Due Diligence | Build-Out | Delegated Management | |
|---|---|---|---|
| When | Pre-acquisition / pre-opening | From signed lease to first service | Operating phase, ongoing |
| Duration | 2–4 weeks | 3–6 months | Ongoing · 90-day notice either side |
| Investment | Free initial call | Scoped per project 30% start · 30% on premises signed · 40% opening day |
Retainer + variable tied to results |
| Our role | Diagnostic only | Build the operation with you | Run the operation for you |
| Output | Written go/no-go report + 90-day plan | Live business + handover | Monthly P&L + ongoing operations |
| Risk to you | Limited to engagement fee. No lock-in. | Fixed-scope project. Stage-gated. | 90-day exit window. No long-term commit. |
Each engagement has explicit termination clauses. None of our arrangements depend on locking you in.
The Operators
We're not consultants who used to operate. We're operators who happen to consult.
Operations & Strategy
20+ years in UK hospitality. General Manager across PizzaExpress, Nando's, Five Guys and The Real Greek. At Nando's Westfield Stratford he led an operational turnaround that lifted annual revenue from £5.2M to £7.8M — a 50% uplift on a single site — through structured systems, leadership development and process optimisation. Business Management graduate (Middlesex University). Native English speaker, based in Valencia.
Business Development & Operations
Opened multi-site El Kiosko franchises across Valencia plus hotel F&B units. Spanish market specialist. Manages day-to-day Valencia operations, supplier relationships and the institutional knowledge of how Valencia hospitality actually works.
Chef & Menu Engineering
Trained as a chef at Grupo Martín Berasategui (a group of restaurants holding 24 Michelin stars collectively). Later served as Executive Chef at El Kiosko and other Spanish hospitality operations. Designs menus that engineer themselves for margin. Responsible for concept, kitchen design, and product economics across all engagements.
How We Work With International Investors
Everything below is standard on every engagement. Not bonus features. Not premium tier.
Standard institutional format your accountant or family office can read. Same line items every month. Variance commentary in plain English.
Your WhatsApp and email reach Kamil, Kevin, and Martin directly. No account managers. No gatekeepers. No "I'll have to check with the team."
Structured agenda: P&L review, hires, key risks, next-quarter priorities. Quarterly in-person if you visit Valencia.
Every supplier, every lease, every contract is signed by your entity — not by us. Copies on your file. You retain control.
Handled with our Spanish lawyer. We make introductions to fiscal advisors and NIE / TIE specialists if you need them.
Diagnostic has no lock-in. Build-out is fixed-scope. Delegated management has 90-day notice either side. None of our terms depend on locking you in.
What we never do: hold or have signatory authority over your capital. We operate inside your business. We never take custody of your money. You retain the equity and final authority.
Why Valencia, Specifically
Spanish hospitality is not a uniform asset class. Valencia is a specific opportunity within it — and one we've operated in for 5+ years.
If you want a deeper market thesis with comparable transaction multiples and our view on neighbourhood economics, ask in the discovery call — we have a written memo we share under NDA.
Looking at a specific Valencia neighbourhood?
We've prepared market-specific operational analyses for the main Valencia hospitality districts — rents, customer profile, what works, what doesn't:
Ruzafa · El Cabanyal · Cánovas · El Carmen · Benimaclet
Brand & Operational Pedigree
What You Might Be Wondering
If yours isn't here, ask in the discovery call.
All engagements have explicit termination clauses. The diagnostic has no lock-in. The build-out is a fixed-scope project (3–6 months). The delegated management arrangement has a 90-day notice period exercisable by either side. None of our arrangements depend on locking you in — that's the point.
Yes. One franchise opening in 2022 under-performed its plan for the first 8 months because we accepted a site we wouldn't accept today. The investor recovered the investment over the following 18 months. We have a written post-mortem available on request — we'd rather you read what we got wrong than discover it later.
On delegated management engagements, a meaningful portion of our compensation is variable and directly tied to operating outcomes (typically EBITDA-linked or revenue-linked depending on structure). We don't take pure advisory fees on these engagements. On occasion we co-invest small amounts (€20–50k) into projects where we have particularly high conviction — disclosed upfront, never as a sales tool.
For delegated management, all hires above an agreed seniority level require your sign-off. Below that threshold, we hire to the job spec and budget you approve at the start of each year. Every monthly P&L includes a hires summary so there are no surprises.
All payments flow in EUR through your Spanish entity. We never have signatory authority on your account. Distributions are scheduled by you. SEPA or SWIFT to your home bank, on the cadence your accountant requires. We provide quarterly statements in the format your accountant needs (NL GAAP, IFRS, US GAAP basis — we adapt).
That's the standard case for the investors we work with. All reporting, contracts where in your name, correspondence, and reviews are in English. We translate Spanish operational documents where needed. The team on the ground operates bilingually so language is never your blocker.
The initial call is free — a 30-minute video or in-person session to understand the opportunity and see if we're a fit. If we proceed, the diagnostic and proposal are a paid, scoped service, deducted from the project bill if you go ahead. For acquisitions or complex deals requiring deeper due diligence (full P&L review, lease review with our Spanish lawyer, supplier audit, structured team interviews, brand health audit, written go/no-go report with 90-day action plan), we scope a paid deep-dive engagement priced per scope.
A diagnostic typically takes 2–4 weeks from kickoff to delivered report. Build-outs are 3–6 months. Delegated management engagements start with a 4-week onboarding period before we take operational responsibility, so the team and systems are in place before the handover.
We don't publish a full client list — most of our clients prefer discretion. References are available on request after the first discovery call, including direct conversations with current investors if there's mutual interest in proceeding.
Regulatory Position
We are not a regulated investment management firm. We are not regulated by the FCA, BaFin, AFM, FINRA, SEC, CNMV, or any other financial-services regulator. We do not sell securities. We do not pool client capital. We do not provide investment advice or solicit subscriptions to any investment scheme.
We provide operational management services for hospitality businesses owned by our clients. The legal and economic owner of the business is always the client. We never hold or have authority over client capital.
Nothing on this page is a solicitation to invest in any specific business and the page contains no past, current, or projected returns of any specific business.
If you require advice on the structuring, taxation, or financing of an investment in Spain, we'll introduce you to the relevant Spanish lawyer, fiscal advisor, or financing partner — all independent of us.
Next Step
We'll discuss your situation, what you're looking at, and whether we're the right fit. No pitch. No pressure. No follow-up sales sequence.
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