Award-winning Mexican quick-service chain Chilango set to become one of the most popular retail investments

Award-winning Mexican quick-service chain Chilango is set to become one of the most popular retail investments in recent times.  The firm’s Burrito Bond 2TM Offer quickly smashed its initial fundraising target of £1 million, and with just 12 days of the Offer Period remaining, Chilango has raised more than £3.3m of its £3.5 million target, easily surpassing the £2.1 million it raised with its inaugural Burrito Bond in 2014.

Chilango – voted No.1 Mexican Restaurant in London by Zagat, awarded London’s Best Burritos by Time Out, and ranked 4 in Condé Nast Traveller’s Best Chain Restaurants Around the World amongst many other honours – plans to open several new restaurants.  The quality of its food has fuelled its growing success and popularity, and with numerous high-profile investors like Chris Moore, former CEO at Domino’s Pizza UK, David Haimes, former Managing Director at itsu and Laurie Morgan, former UK Marketing Vice-President, McDonald’s UK invested in the current Offer, the Burrito Bond 2TMcrowdfunding campaign has attracted almost 700 investors to date.

Chilango is an experienced bond issuer, with a perfect payment history, and since opening its first restaurant in Islington in 2007, the vibrant Mexican chain has enjoyed steady, secure growth.  Last year its restaurants generated more than £10m in sales and £1.7m in EBITDA – and with all 11 restaurants profitable, Chilango looks well set to power ahead in 2019.

Commenting on the Bond’s success, Co-CEO, Eric Partaker said: “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 bringing Chilango’s stampede of flavours to more and more communities.”