Franchise Brands plc (AIM:FRAN) is looking for acquisitions. In the company's earnings report for year ended 31 December 2020, Stephen Hemsley, Executive Chairman, commented "As we emerge from COVID-related disruption, the Group is very well placed to continue investing in organic growth and earnings-enhancing acquisitions. In March, we set out for the first time new strategic financial targets for the Group of run-rate revenues of £100 million and adjusted EBITDA of £15 million by the end of 2023.

With all our main businesses growing again and with a positive outlook, we are confident that the Group's organic growth priorities are well supported and on track to deliver. We are, therefore, increasing our focus on growth by acquisition and are actively reviewing acquisition opportunities that would be significantly earnings-enhancing".