Wasabi
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Wasabi - overview
Established
2003
Location
London, -, UK
Primary Industry
Travel & Leisure
About
Wasabi is a UK-based restaurant chain that offers a diverse range of freshly prepared sushi, hot bento boxes, and noodle dishes, emphasizing quality ingredients and convenience for fast-casual dining. Founded in 2003, Wasabi is based in London, UK, and specializes in Asian cuisine, particularly sushi and bento meals. The company has undergone various strategic adjustments over the years, focusing on enhancing its product offerings and expanding its market presence. The current CEOs are Glenn Brown and Henry Birts, who lead the company towards its operational goals.
Wasabi was involved in a notable deal in December 2018 when Capdesia made a bid to acquire the company, although financial terms were not disclosed. The most recent funding round occurred on May 10, 2019. Wasabi Sushi & Bento specializes in freshly prepared sushi, hot bento boxes, and noodle dishes, serving the fast-casual dining segment. Their menu features an assortment of sushi sets, bento meals with ingredients like chicken katsu curry and Korean BBQ chicken, alongside warming noodle soups and rice bowls.
The company prioritizes quality by sourcing premium ingredients to enhance the dining experience. Their customer base primarily consists of individuals looking for convenient, flavorful meal options, available for both on-the-go consumption and casual dining in various urban locations across the UK. In the most recent fiscal year, 2021, Wasabi generated a revenue of USD 91. 22 mn, with an EBITDA of USD -3.
01 mn. The company earns revenue through direct sales at physical locations and online ordering and delivery services, including a loyalty program that encourages repeat patronage. Wasabi is currently focused on expanding its product line and market reach. The company is designing new menu items aimed at enhancing customer choice and satisfaction.
Furthermore, there are plans to enter additional markets, particularly targeting urban areas within the UK for expansion by the end of 2023. Funding from the recent deal will likely support these initiatives, allowing Wasabi to invest in product development and market penetration strategies.
Current Investors
Capdesia
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife
Website
www.wasabi.uk.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Wasabi - timeline of key events
Wasabi - financials
| Fiscal Year Ended | Aug 31, 2008 | Aug 31, 2009 | Aug 31, 2010 | Aug 31, 2011 | Aug 31, 2012 | Dec 31, 2013 | Dec 27, 2014 | Dec 27, 2015 | Jan 02, 2016 | Dec 31, 2016 | Dec 30, 2017 | Dec 29, 2018 | Dec 28, 2019 | Dec 26, 2020 | Dec 25, 2021 | Dec 31, 2022 | Dec 30, 2023 | Dec 28, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 12,286,137 | 18,154,583 | 22,969,427 | 32,594,368 | 40,741,577 | 70,113,138 | 63,593,170 | - | 72,659,539 | 88,241,267 | 91,675,725 | 95,994,634 | 100,400,544 | 47,041,832 | 66,305,782 | - | - | - |
| % Revenue Growth (YoY) | - | 47.8% | 26.5% | 41.9% | 25.0% | - | - | - | - | - | 3.9% | 4.7% | 4.6% | (53.1%) | 41.0% | - | - | - |
| EBITDA (USD) | 571,471 | 2,372,079 | 1,889,657 | 2,564,618 | 4,172,506 | 3,495,565 | 8,079,061 | - | 4,786,513 | 5,212,767 | (11,095,847) | (2,045,119) | (16,041,307) | 9,336,553 | (2,185,841) | - | - | - |
| Operating Income (USD) | (9,147) | 1,665,003 | 889,557 | 1,059,271 | 2,383,244 | 597,392 | 5,222,729 | - | 2,314,335 | 2,475,171 | (13,827,121) | (6,118,615) | (19,982,403) | 5,467,012 | (5,804,690) | - | - | - |
| Operating Margin | (0.1%) | 9.2% | 3.9% | 3.2% | 5.8% | 0.9% | 8.2% | - | 3.2% | 2.8% | (15.1%) | (6.4%) | (19.9%) | 11.6% | (8.8%) | - | - | - |
| % EBITDA Margin | 4.7% | 13.1% | 8.2% | 7.9% | 10.2% | 5.0% | 12.7% | - | 6.6% | 5.9% | (12.1%) | (2.1%) | (16.0%) | 19.8% | (3.3%) | - | - | - |
| NET Income (USD) | (135,118) | 1,096,412 | 551,361 | 730,332 | 1,725,879 | 86,412 | 3,883,798 | - | 1,682,945 | 1,901,535 | (12,641,008) | (5,597,222) | (21,160,001) | 4,055,646 | (11,295,418) | - | - | - |
| % Net Margin | (1.1%) | 6.0% | 2.4% | 2.2% | 4.2% | 0.1% | 6.1% | - | 2.3% | 2.2% | (13.8%) | (5.8%) | (21.1%) | 8.6% | (17.0%) | - | - | - |
Wasabi - 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 | Wasabi | - |
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Wasabi - employee data
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