Three entrepreneurs have stepped in with a £1m investment plan to rescue well-known restaurant chain, TriBeCa, from liquidation. 

The New York-style bar and grill chain famed for its breakfasts and brunch ran into financial difficulties earlier this year, with potential closure of all six of its sites in Glasgow and Edinburgh. 

Local businessmen Puneet Gupta, Navdeep Basi and Suj Legha have come to the rescue of four of the chain’s Glasgow sites, saving the doors from closing for the city’s diners. 

The group has ambitious growth plans for TriBeCa and will invest £1million to develop the existing Glasgow restaurants, as well as expand the group nationwide as an exciting franchising opportunity. 

Mr Gupta, who runs the highly-successful global trading company PG Paper said: “We are delighted to have kept TriBeCa’s doors open and look forward to supporting our existing franchisees, alongside growing the brand nationally.  We plan to open another fifteen units across Scotland within the next couple of years.” 

Mr Basi, a well-known restaurateur who owns the Dhabba and Dakhin Indian restaurants in Glasgow’s Merchant City will initially focus his attention on implementing a turnaround strategy for the four existing restaurants.  He commented: 

“These are exciting times for TriBeCa and we will be looking to fine tune our supply chain processes, create a new menu and ramping up our marketing support for existing and future franchisees.” 

Mr Legha an entrepreneur and multi-award winning business coach with significant franchise development experience added:   “I will work to strengthen the core areas of the business, to ensure we maximise the TriBeCa potential for all franchisees”