Sandwich chain Eat is considering a restructuring plan of its business which could result in store closures.
The chain is working with KPMG on a review of its business in a challenging trading environment. It has not yet revealed any concrete plans.
The business has more than 100 stores in its portfolio and is owned by private equity firm Lyceum Capital, which backed a buyout of the chain in 2011.
Despite its challenges, in its latest results Eat remained profitable. It reported a 5% growth in like-for-like sales in the year to June 2017, with adjusted earnings up by 90% to £4.3m.
Eat is the latest in a string of high street food outlets to enter challenging waters. Creditors at Byron Burger recently voted in favour of a CVA in a process which could see around 20 restaurants shut.
Italian chain Prezzo has also appointed consultants and is working with turnaround firm Alix Partners to advise on the future of its 300-strong portfolio.
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