Steakhouse Chain Blacklock Explores Investment Amid Meat Revival

Blacklock, a popular steakhouse chain, is in talks with potential investors as the demand for meat-based dining experiences rises, according to industry insiders.

Founded by Gordon Ker in 2015, Blacklock has grown into a well-known “chop house” brand with six locations in London and Manchester.

The chain is reportedly working with advisors at BDO to explore options, including selling a stake in the business, though it remains unclear if the deal would involve a majority or minority share.

City sources suggest that Business Growth Fund (BGF), an investment company known for backing hospitality firms like Giggling Squid, may be interested in a deal with Blacklock.

However, there’s no certainty a transaction will take place. Blacklock’s revenues increased by 36% in 2023, reaching £15.8 million, despite ongoing challenges in the restaurant industry.

This move comes as interest in veganism wanes, leading to a resurgence in demand for meat-heavy menus.

Blacklock’s sustainable approach of utilizing entire animals to reduce waste has resonated with customers, alongside its relatively affordable steak prices, with meals costing around £20 at its Soho location.

The chain is not alone in seeking investment; its larger competitor, Hawksmoor, is also exploring a potential sale to support its international expansion.

With a renewed appetite for meat-focused dining, Blacklock’s potential expansion highlights the shifting trends in the restaurant industry as consumers increasingly turn back to traditional protein sources.

To learn about the resurgence of steakhouse culture and meat-based dining trends, explore our homepage.