Premier league 22 November 2019 Winston Zahra, Ryan Giggs and Tom Kerridge on opening the Stock Exchange hotel, a new level of luxury for Manchester
In this week's issue... Premier league Winston Zahra, Ryan Giggs and Tom Kerridge on opening the Stock Exchange hotel, a new level of luxury for Manchester
Read More
Search

Chilango ‘Burrito Bond' crowdfunding scheme exceeds target by £1.5m

05 December 2018 by
Chilango ‘Burrito Bond' crowdfunding scheme exceeds target by £1.5m

London-based Mexican chain Chilango has exceeded its crowdfunding target by £1.5m, raising a total of £2.3m for the firm.

More than 100 of the 400 investors have put more than £10,000 into the pot. The money will go towards expanding the chain, which recently opened its first site outside the capital in Manchester.

Since exceeding the target, the firm has now extended the time limit on the bond offering to raise a new goal of £3m.

Co-founder Eric Partaker said: "While many casual dining chains have experienced difficult times of late, our quick-service concept has helped us post the best results ever in our 11-year corporate history, with positive like for like sales of 5.3% and all our restaurants profitable.

"The UK is riding a Mexican wave and Chilango looks forward to welcoming another round of investors and brand evangelists into the family."

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!