Busaba Eathai Limited
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Busaba Eathai Limited - overview
Established
1999
Location
London, England, UK
Primary Industry
Travel & Leisure
About
Busaba Eathai Limited is a contemporary dining establishment specializing in authentic Thai cuisine, offering a vibrant atmosphere where communal dining and plant-based options thrive. Founded in 1999 and headquartered in London, UK, Busaba Eathai Limited provides a unique Thai dining experience. The company was acquired in July 2019 by Muzinich & Co. , Inc.
, who took a controlling stake from Phoenix Equity Partners. The CEO of the company is Juan Ortiz. Busaba offers a contemporary dining experience centered around authentic Thai cuisine, characterized by communal sharing and a strong focus on plant-based options. Their core product offerings include a diverse menu featuring freshly prepared salads, Pad Thais, curries, and other traditional dishes, all crafted to enhance the social dining experience.
The company operates within London's competitive dining market, catering primarily to urban dwellers and visitors seeking a taste of Thai culture. In the year 2023, Busaba Eathai Limited reported a revenue of GBP 25,766,801. 80 and an EBITDA of GBP 1,162,731. 40.
Busaba plans to leverage its recent financial restructuring to expand its geographical footprint, targeting new markets across the UK and potentially exploring opportunities in select international cities. Details on upcoming product launches have not been specified, but the company is focused on enhancing its menu offerings to attract a broader customer base. The recent investment in July 2019 will support these growth initiatives, following the acquisition by Muzinich & Co. , Inc.
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife
Website
www.busaba.com
Total Amount Raised
Subscriber access only
Busaba Eathai Limited - timeline of key events
Busaba Eathai Limited - financials
| Fiscal Year Ended | May 30, 2009 | May 29, 2010 | May 28, 2011 | May 26, 2012 | May 25, 2013 | May 31, 2014 | May 30, 2015 | May 28, 2016 | May 27, 2017 | May 26, 2018 | May 26, 2019 | Sep 20, 2020 | Sep 19, 2021 | Sep 18, 2022 | Sep 17, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,626,825 | 10,290,558 | 15,313,800 | 20,954,706 | 23,722,276 | 24,889,611 | 26,207,373 | 27,719,411 | 29,388,743 | 28,447,164 | 28,187,751 | 23,891,186 | - | - | - |
| % Revenue Growth (YoY) | - | 6.9% | 48.8% | 36.8% | 13.2% | 4.9% | 5.3% | 5.8% | 6.0% | (3.2%) | (0.9%) | - | - | - | - |
| EBITDA (USD) | 1,212,660 | 992,977 | 1,009,680 | 1,469,665 | 1,707,600 | (63,669) | 1,253,372 | 1,230,046 | (6,782,854) | (7,847,253) | (79,660) | (2,866,588) | - | - | - |
| Operating Income (USD) | 703,299 | 467,100 | 226,693 | 62,761 | 315,135 | (1,569,623) | (255,980) | (380,303) | (8,746,060) | (10,085,963) | (1,645,851) | (4,793,210) | - | - | - |
| Operating Margin | 7.3% | 4.5% | 1.5% | 0.3% | 1.3% | (6.3%) | (1.0%) | (1.4%) | (29.8%) | (35.5%) | (5.8%) | (20.1%) | - | - | - |
| % EBITDA Margin | 12.6% | 9.6% | 6.6% | 7.0% | 7.2% | (0.3%) | 4.8% | 4.4% | (23.1%) | (27.6%) | (0.3%) | (12.0%) | - | - | - |
| NET Income (USD) | 682,735 | 497,489 | 165,439 | (305,804) | 321,916 | (2,775,835) | (632,473) | (458,683) | (9,969,820) | (11,256,764) | (2,857,087) | (6,497,521) | - | - | - |
| % Net Margin | 7.1% | 4.8% | 1.1% | (1.5%) | 1.4% | (11.2%) | (2.4%) | (1.7%) | (33.9%) | (39.6%) | (10.1%) | (27.2%) | - | - | - |
Busaba Eathai Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Busaba Eathai Limited | - | ||||||||
| Private Debt | Completed | Busaba Eathai Limited | - | ||||||||
| Buyout | Completed | Busaba Eathai Limited | - |
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Busaba Eathai Limited - employee data
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