Naf-Naf Holdings, LLC

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Naf-Naf Holdings, LLC - overview

Established

2009

Location

Chicago, IL, US

Primary Industry

Travel & Leisure

About

Naf-Naf Holdings, LLC, based in the US, operates a chain of restaurants specializing in customizable Mediterranean-inspired meals, delivering a unique dining experience to its customers. Naf-Naf Holdings, LLC focuses on serving delicious Middle Eastern cuisine. Founded in 2009 and headquartered in Chicago, US, the company was fully acquired by management and other unspecified investors from Roark Capital Group in March 2021. The current CEO is Greg Willman, who leads the company towards its growth objectives.


Naf Naf Middle Eastern Grill specializes in offering a diverse menu centered around customizable Mediterranean-inspired meals. Their core product offerings include a variety of base options such as rice, couscous, hummus, or baba, which customers can personalize by adding their choice of protein, toppings, and sauces. The menu features popular proteins including falafel, chicken shawarma, crispy chicken, and steak, catering to both individual and family dining experiences. The company serves a broad customer base that includes families seeking nutritious meal options and individuals looking for quick service dining.


Naf Naf strategically targets urban markets across the United States, providing a unique blend of Middle Eastern flavors to enhance the culinary landscape. Their focus on fresh ingredients and customizable meals allows them to effectively address consumers' desire for both convenience and quality in their dining choices. Naf Naf Middle Eastern Grill generates revenue primarily through direct-to-consumer transactions at their restaurant locations and through catering services. Customers can place orders for individual meals, family packs, and catering options, which are all designed to provide flexibility and meet varying customer needs.


The business model emphasizes a quick service approach, enabling customers to create their customized meals at the counter. While specific pricing plans for individual products are not disclosed, the structure typically involves direct sales where customers pay for their chosen items at the point of order. This straightforward transaction process facilitates a seamless customer experience, encouraging repeat visits and sustained customer loyalty. Additionally, the restaurant's catering services contribute to revenue, targeting corporate clients and special events, further diversifying its income streams.


Naf Naf Holdings, LLC plans to leverage its recent acquisition from March 2021 to explore new market opportunities. Management aims to introduce additional Mediterranean-inspired products to the menu by late 2023. They also intend to expand their presence in major urban markets across the United States, with specific focus on areas like Los Angeles and New York City by 2025. The funding secured during their acquisition will support these initiatives, enabling the company to enhance operational capabilities and broaden its market footprint.


Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

www.nafnafgrill.com

Verticals

Mobile Apps

Total Amount Raised

Subscriber access only

Naf-Naf Holdings, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Sale to ManagementCompletedNaf-Naf Holdings, LLC-
GrowthCompletedNaf-Naf Holdings, LLC-

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