Sourdough Sophia, the London micro bakery concept, has secured its fifth site in the capital, in Hampstead.
The business, which was founded by Sophia Handschuh and Jesse Sutton-Jones in Crouch End, has acquired the former Redemption Roasters site in Perrin’s Court for an opening later this summer.
It follows the company’s recent openings in BoxHall Liverpool Street and Swain’s Lane, Highgate. Earlier this year, the company upped its expansion target to having 20 sites open by 2029 after securing a further £600,000 in new funding.
The business, which last year opened at 117-119 Essex Road, Islington, secured the additional investment to oversee these new openings.
The group, which previously raised £500,000 through a crowdfunding campaign in 2023, raised a further £500,000 through crowdfunding last summer. The business said revenue in FY24 was £1.8m from two stores and one central production unit.
Sourdough Sophia plans to have ten stores and two central production units by FY27, with projected revenue of £8m-plus and a £20m-plus valuation.
The expansion will be made up of a mixture of larger sites with indoor seating, and smaller, hatch-style kiosk sites that offer takeaway only. Handschuh has said the company’s expansion focus “will be in London and mostly in north London”.
Adam Bowers, of onepoint2, acts for Sourdough Sophia, while James Raven, of Raven Green, acted for the outgoing tenant on the Hampstead deal.
