Owners of Asian fast-food chain Chopstix plan ambitious expansion that would more than quadruple size of UK business and launch overseas

November 22, 2021

The owners of Chopstix, the Asian fast-food chain, are planning an ambitious expansion that would more than quadruple the size of its UK business and launch overseas.

 
The British firm’s co-founder, Menashe Sadik, said he expected to expand from 73 outlets across the UK to between 300 and 400 over the next five years. He is also eyeing new sites in the Gulf and across Europe.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

The expansion will be financed by profits reinvested into the business, owned by Sadik and co-founder Sam Elia, plus a financing facility from Metro Bank that was extended to about £8million in June.

Chopstix has sites on high streets, and in motorway service stations and train stations. Its four franchise partners include Welcome Break and Irish operator Applegreen.

Related: Food Franchises – Search Franchise Reviews Directory

It has 25 UK stores in the pipeline, in Scotland, London and East Anglia, after snapping up sites made available in the pandemic.

Sadik said its first overseas sites could be in Spain or the Benelux countries.

By HARRIET DENNYS, FINANCIAL MAIL ON SUNDAY

Source: This is Money

Chopstix secures £5m funding to expand

August 31, 2019

Noodle bar chain Chopstix is planning further expansion across the UK after securing a £5m debt facility from Metro Bank.

The group, which also owns the Yangtze brand, launched in 2004 and now has more than 40 company-owned sites across the UK, plus several franchise units.

 
It received £2m from Metro Bank last year to add to its growing number of noodle bars in shopping centres, high streets and travel hubs.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

“Chopstix is in a good place to further grow over the coming few years and cement its place as the UK’s leading Asian QSR brand,” says Chopstix managing director Jon Lake.

Since January the company has opened sites under its core brand in Intu Nottingham, Birmingham, Bristol Cribbs Causeway, Glasgow, Earls Court and Southampton’s West Quay scheme.

Related: Food Franchises – Search Franchise Reviews Directory

Chopstix is also undergoing changes to its senior team with Mark Carrick, formerly of Comptoir Group, joining the company in October as finance director. 

He replaces Michael Toon, who is leaving to join burger brand Byron.

By Sophie Witts

Source: Big Hospitality

New noodle bar set for Nottingham

January 28, 2019

Chopstix has doubled its presence in Nottingham with a new opening.

The noodle bar will open a site in the city’s Intu Victoria Centre. The group, which currently operates nearly 40 company-owned sites across the UK, plus a number of franchise units, already operates a store on Clumber Street.

The opening at the Intu Victoria Centre is part of the company’s ongoing expansion across the UK over the next 12 months. Last year, Chopstix secured a new £2m bank facility from Metro Bank to support its expansion plans.

Related: Fast Food Franchises in the UK – 10 Things Every Would-Be Franchisee Must Know

Chopstix managing director Jon Lake said: “Thanks to the great support of the people of Nottingham in Clumber St, we are delighted to be opening our second site in the city and we look forward to welcoming new and existing customers to Chopstix either to eat-in, take-away or enjoy at home via our delivery partners Just Eat and Deliveroo. It is obvious that the people of Nottingham know their noodles.”

Source: The Business Desk