Zushi Japanese Restaurants

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Zushi Japanese Restaurants - overview

Established

2006

Location

Verona, -, Italy

Primary Industry

Travel & Leisure

About

Zushi Japanese Restaurants operates a chain of restaurants in Italy, specializing in authentic Japanese cuisine, including sushi and sashimi, aimed at providing an inviting dining experience for a diverse clientele. Founded in 2006 in Verona, Italy, Zushi Japanese Restaurants focuses on serving traditional and contemporary Japanese culinary offerings. The company was acquired in March 2017 by DVR&C Private Equity and a group of investors, securing a majority stake, although financial details were not disclosed. Zushi operates primarily in urban areas across Italy, catering to both local residents and tourists.


ZUSHi Italia SPA is primarily engaged in the operation of Japanese restaurants, providing a diverse array of culinary offerings that encompass traditional and contemporary Japanese cuisine. The company focuses on delivering high-quality sushi, sashimi, and other Japanese delicacies, employing fresh ingredients and authentic preparation methods. ZUSHi aims to create an engaging dining experience that caters not only to sushi aficionados but also to those exploring Japanese cuisine for the first time. The restaurants are strategically located in urban areas, targeting both local residents and visitors, thereby serving a broad customer base that includes families, professionals, and tourists.


The company operates in several geographical markets across Italy, with an emphasis on cities that have a vibrant dining culture. ZUSHi's revenue for the most recent year, 2022, was USD 6. 87 mn, while the EBITDA recorded was USD -1. 59 mn.


Revenue is generated through direct sales from its restaurant locations, where customers enjoy dine-in or take-out services. The company employs a B2C transaction structure, with customers paying for individual meals. Various promotions and loyalty programs are utilized to enhance customer retention and encourage repeat business, with a menu featuring specialty sushi rolls and seasonal dishes. In March 2017, ZUSHI Japanese Restaurants received a significant investment from DVR&C Private Equity, which will support its growth initiatives.


The company aims to expand its presence in the Italian market by opening new locations in regions with a burgeoning dining culture. As part of its future strategy, Zushi plans to introduce new menu items and enhancements to existing offerings, aiming for launch dates in the upcoming years, though specific details on product release are not yet available.


Current Investors

DVR&C Private Equity

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

http://www.zushi.eu/

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Zushi Japanese Restaurants - timeline of key events

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Zushi Japanese Restaurants - financials

Fiscal Year EndedDec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)1,920,7571,843,9252,209,9393,004,8554,527,9215,056,1885,473,4306,298,6109,291,0929,535,2407,379,8948,176,248---
% Revenue Growth (YoY)-(4.0%)19.8%36.0%50.7%11.7%8.3%15.1%47.5%2.6%(22.6%)10.8%---
EBITDA (USD)435,091410,970473,245523,714785,8761,193,4461,195,34637,331107,173(263,607)(5,687,101)(3,191,755)---
Operating Income (USD)337,371315,519356,353403,437628,4051,028,1451,013,318(207,927)(1,482,410)(1,873,536)(7,207,233)(4,012,972)---
Operating Margin17.6%17.1%16.1%13.4%13.9%20.3%18.5%(3.3%)(16.0%)(19.6%)(97.7%)(49.1%)---
% EBITDA Margin22.7%22.3%21.4%17.4%17.4%23.6%21.8%0.6%1.2%(2.8%)(77.1%)(39.0%)---
NET Income (USD)182,429158,830206,422239,363356,814662,450636,150(74,299)(1,482,244)(2,299,982)(7,495,509)(10,912,222.8)---
% Net Margin9.5%8.6%9.3%8.0%7.9%13.1%11.6%(1.2%)(16.0%)(24.1%)(101.6%)(133.5%)---

Zushi Japanese Restaurants - 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)
BuyoutCompletedZushi Japanese Restaurants-

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Zushi Japanese Restaurants - employee data

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