Original ChopShop Co.
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Original ChopShop Co. - overview
Established
2013
Location
Scottsdale, AZ, US
Primary Industry
Travel & Leisure
About
Original ChopShop Co. is a restaurant chain focused on providing healthy, nutritious meal options tailored for individuals with busy lifestyles. Their offerings include protein bowls, smoothies, salads, and acai bowls, all made from whole ingredients. Founded in 2013 by Brooks Holcomb and Caitlin Jocque, Original ChopShop Co.
operates predominantly out of Scottsdale, US. The company specializes in healthy meal solutions and has not undergone any significant pivots or changes in its core business strategy since inception. In July 2016, Hargett Hunter acquired a majority stake in the company, although financial terms were not disclosed. Original ChopShop primarily offers a diverse range of healthy food options designed to cater to individuals seeking nutritious meals that promote well-being.
Their core offerings include a menu of protein bowls, smoothies, salads, and acai bowls, all crafted from whole ingredients to ensure quality and taste. The company aims to address the challenges faced by busy consumers who struggle to find time for healthy meal preparation amidst their daily commitments, such as work, school, and social activities. Original ChopShop operates in major urban areas across the United States, where it has established a loyal customer base consisting of health-conscious individuals, families, and working professionals. The emphasis is not only on providing delicious food but also on creating a welcoming environment that encourages community engagement and healthy living.
Original ChopShop generates revenue through direct-to-consumer sales at its restaurant locations, as well as through its mobile app, which facilitates online ordering and delivery services. Customers can engage with the brand by downloading the Original ChopShop app, allowing them to conveniently place orders for their preferred meals while earning rewards through the Chops loyalty program. The transaction structure is predominantly based on individual purchases of menu items, which are priced competitively to attract a broad customer demographic. The company plans to leverage its recent funding from Hargett Hunter to support its growth initiatives.
This includes designing and launching upcoming new products that cater to evolving consumer preferences. Original ChopShop also aims to expand into additional markets, focusing on key urban areas across the United States by the end of 2023. The company is dedicated to utilizing its resources to enhance its customer offerings and market presence.
Current Investors
Hargett Hunter
Primary Industry
Travel & Leisure
Sub Industries
Health Foods & Nutritional Supplements, Canned/Frozen Fruit & Vegetables, Restaurants & Nightlife
Website
www.originalchopshop.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Original ChopShop Co. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Original ChopShop Co. | - |
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