Ellis Gourmet Burger
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Ellis Gourmet Burger - overview
Established
2011
Location
Aalst, -, Belgium
Primary Industry
Travel & Leisure
About
Ellis Gourmet Burger specializes in gourmet burgers and fast-casual dining, offering innovative culinary experiences through a diverse range of signature burgers and sides that cater to various customer preferences. Founded in 2011 in Aalst, Belgium, Ellis Gourmet Burger focuses on providing gourmet burger options. The company has not undergone significant pivots or changes in its operations. Ellis is an independent entity without known subsidiaries.
The founders' historical background is not documented, and detailed funding information is equally sparse. The latest funding round occurred on June 8, 2018, when Gimv and Top Brands acquired a majority stake in the company, with financial terms being undisclosed. Ellis primarily offers a unique range of gourmet burgers and accompanying side dishes, catering to the growing demand for innovative fast-casual dining experiences. Their core product lineup includes signature burgers such as the Mac & Cheese Smashed Burger, the Gangnam Style BBQ, and the Ribby Rebel, each designed to appeal to different culinary preferences.
The company also provides a selection of finger foods and vegetarian options, like the Beyond Burger with Vegan Cheese, targeting a diverse customer base that includes meat lovers and health-conscious consumers alike. These offerings are made available through various channels, such as direct online orders, restaurant locations, and food trucks, enhancing accessibility and convenience for customers. Ellis operates primarily in European markets, with a notable presence in urban areas where fast-casual dining is particularly popular. In 2021, Ellis Gourmet Burger generated a revenue of EUR 15,980,342.
80 and an EBITDA of EUR 975,914. 20. Revenue is driven through direct-to-consumer sales facilitated via their restaurant locations and online ordering systems, allowing customers to order individual items or select combinations, such as the Classic Burger paired with a Classic Side. The company employs a structured pricing model that includes promotional offers and meal combos, which encourages repeat business and customer loyalty.
Ellis Gourmet Burger is pursuing growth strategies that include the design and launch of new products, although specific details or release dates are not provided. The company aims to expand into new markets, focusing on urban areas in Europe by leveraging its existing brand and product offerings. The acquisition of a majority stake by Gimv and Top Brands in June 2018 positions the company to utilize funding for these initiatives, although specific financial allocations have not been disclosed.
Current Investors
Gimv, Top Brands
Primary Industry
Travel & Leisure
Sub Industries
Hospitality Services, Restaurants & Nightlife
Website
www.ellisgourmetburger.be
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Ellis Gourmet Burger - timeline of key events

Ellis Gourmet Burger - financials
| Fiscal Year Ended | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Nov 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,131,967 | - | - | - | 15,126,273 | 18,608,145 | 19,441,314 | 18,602,723 | 9,781,912 | 13,508,392 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | 23.0% | 4.5% | (4.3%) | (47.4%) | 38.1% | - | - | - |
| EBITDA (USD) | 268,354 | 479,028 | 1,656,840 | 3,409,410 | 1,109,595 | 975,941 | (288,999) | 2,235,125 | (251,656) | 824,953 | - | - | - |
| Operating Income (USD) | 19,662 | 40,694 | 374,580 | 422,436 | 1,044,038 | 810,122 | (543,351) | 954,379 | (1,410,017) | (20,446) | - | - | - |
| Operating Margin | 0.9% | - | - | - | 6.9% | 4.4% | (2.8%) | 5.1% | (14.4%) | (0.2%) | - | - | - |
| % EBITDA Margin | 12.6% | - | - | - | 7.3% | 5.2% | (1.5%) | 12.0% | (2.6%) | 6.1% | - | - | - |
| NET Income (USD) | 29,465 | 30,819 | 264,934 | 241,558 | 655,674 | 499,399 | (5,318,711) | (1,959,306) | (2,982,879) | 81,391 | - | - | - |
| % Net Margin | 1.4% | - | - | - | 4.3% | 2.7% | (27.4%) | (10.5%) | (30.5%) | 0.6% | - | - | - |
Ellis Gourmet Burger - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Ellis Gourmet Burger | - |
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Ellis Gourmet Burger - employee data


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