Company Description:Leading healthy food service chain with 25 stores across London
Instructed by: RBS
Abokado Set for Growth
Abokado, a leading food service chain based in London, has secured £2.6m funding from RBS to support further store roll-outs across the capital. WK Corporate Finance provided financial due diligence on behalf of RBS.
Abokado is a leading operator in the healthy food sector with 25 sites across London. It was founded in 2004 by Mark & Lindsay Lilley with a mission to help people lead happier and healthier lives. The business employs more than 250 people and offers a menu of sushi, salads, noodles, soups, breakfast and coffee all of which are freshly prepared in-store. Abokado has ambitious growth plans to achieve its vision of making its “Feel Great Food” accessible to more and more people.
Of the RBS funding Mark Lilley, founder of Abokado, commented:
“This gives us the fire power to accelerate our growth over the coming years. Our vision remains to help people live happier and healthier lives by making our Feel Great Food as accessible as possible.”
“Trading since the year end has remained strong, with continued positive LFLs and an increase in store and company EBITDA. We’ve opened two new stores (since March 2015) and the leases on further stores have been signed or are under offer”
“We also created the position of Operations Director and welcomed Richard Zivkovic, previously of Pret A Manger, Costa and Be At One to the management team and Board.”
To see more of our transaction services history, please visit our recent deals page.