Chopt Creative Salad Company
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Chopt Creative Salad Company - overview
Established
2001
Location
Rye Brook, NY, US
Primary Industry
Travel & Leisure
About
Chopt Creative Salad Company is a US-based chain specializing in fresh, customizable salads and grain bowls aimed at health-conscious consumers. The company emphasizes nutritious meal options using high-quality ingredients. Founded in 2001 by Colin McCabe and Tony Shure in Rye Brook, US, Chopt Creative Salad Company offers a range of fresh salad options. The company has focused on expanding its presence in urban areas to reach health-focused consumers.
Currently led by CEO Nick Marsh, Chopt has engaged in five funding deals over its operational history. Chopt Creative Salad Co. specializes in a diverse range of fresh, customizable salad offerings and grain bowls, primarily aimed at health-conscious consumers seeking nutritious meal options. Their core product line includes signature bowls such as the Sweet Peach Burrata Bowl and the Summer Corn Caesar Salad, both of which are designed to satisfy seasonal cravings with high-quality ingredients.
The Sweet Peach Burrata Bowl blends creamy burrata cheese, juicy peaches, roasted pistachios, and a drizzle of Hot Honey, while the Summer Corn Caesar Salad features raw sweet corn and Basil Caesar Dressing. The company serves a wide customer base that includes individuals looking for quick, healthy meals, as well as corporate clients seeking catering services for events. Chopt operates in various geographical markets across the United States, targeting urban areas with a higher concentration of health-focused consumers. Revenue for Chopt Creative Salad Co.
is primarily generated through direct-to-consumer transactions, with customers ordering their products in-store or via online platforms, including mobile applications. The business operates on a pay-per-order model, allowing customers to earn rewards points through a loyalty program known as Chopt Rewards, which incentivizes repeat purchases. Transactions typically involve individual customers selecting from a menu of customizable salads and bowls, with pricing structured around specific items, including flagship offerings like the Sweet Peach Burrata Bowl and the Summer Corn Caesar Salad. This model fosters a direct relationship with consumers while also allowing for potential catering opportunities for larger groups or events, enhancing overall revenue streams.
Chopt Creative Salad Company is exploring the introduction of new salad offerings and grain bowls designed to enhance its menu. Specific markets targeted for expansion include urban areas in the Northeast and West Coast regions of the US by the end of 2024. Recent funding will be utilized to support these strategic initiatives and bolster the company's operational capabilities. Notably, Quilvest Private Equity no longer holds a stake in Chopt Creative Salad Company.
Current Investors
Founders Table Restaurant Group, Investors Management Corporation
Primary Industry
Travel & Leisure
Sub Industries
Canned/Frozen Fruit & Vegetables, Restaurants & Nightlife
Website
www.choptsalad.com
Verticals
Mobile Apps
Company Stage
Merged
Total Amount Raised
Subscriber access only
Chopt Creative Salad Company - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | DOS Toros | - | ||||||||
| Merger | Completed | Chopt Creative Salad Company, DOS Toros | - | ||||||||
| Buyout | Completed | Chopt Creative Salad Company | - | ||||||||
| Growth | Completed | Chopt Creative Salad Company | - | ||||||||
| Buyout | Completed | Chopt Creative Salad Company | - |
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