Chilango looks to shake up ‘bland High St dining landscape’
Mexican restaurant chain Chilango is looking to extend its Central London footprint.
The venture, which operates 10 restaurants across the capital, says that it has identified attractive sites in several high footfall locations. “With many High Street businesses under pressure and many exciting new property opportunities coming on to the market, we are now accelerating our search,” it states.
The expansion is being powered by its latest crowdfunding round. Chilango launched its Burrito Bond 2 offer last October and has raised more than £3.2 million with some 620 investors onboard. Last year its restaurants generated over £10 million in sales and £1.7 million in EBITDA.
Co-CEO Eric Partaker comments: “The UK is riding a Mexican wave right now. The response to the offer has been overwhelming and bears testament to the public’s enthusiasm for our mission – to inject a little flavour and vibrancy into the largely bland High Street dining landscape. We look forward to welcoming more investors into the fold as the offer moves towards its close, and to bringing Chilango’s stampede of flavours to more and more communities.”