Loch Fyne Restaurants is considering a sale of the group which could value it at up to £40m.
It has appointed Noble & Company to advise on the possible sale of its 48 eateries.
The group is due to open sites in Poole, Ipswich, York and Knutsford in the next year.
References: The Times 25/05/05 page 42 (Need to know), page 45