Benito's Hat secures £1 million investment for growth plans
The Mexican chain is also celebrating its 10th anniversary, promising more stores to come.
Benito’s Hat has announced that they will press on with their three-year growth plans across the UK after successfully acquiring a £1 million investment.
The said project is the work of their new managing director, Michael Pearson, who’s looking excited to see the results of their hardwork in the years to come.
“This is an incredibly exciting time for the Benito’s team and our ever supportive investors. Because of the challenging nature of the casual dining market, we’ve ensured that we can continue to grow by focusing on smaller footprint opportunities with our new model. Our business is in great shape thanks to the support of our investors and their confidence in our team to deliver our growth plan,” he said.
The announcement also coincides with their 10th anniversary, which they have been celebrating for the past weeks.
“Benito’s is now 10 years old and we feel that now is the right time to grow, both through our own high street stores in the UK, and franchised stores. I’m delighted to be leading such a talented and passionate team and look forward to seeing the results of all our hard work over the coming 2 to 3 years.”
The money was driven by their investors, which is said to be mostly from the private equity investment firm Calculus Capital.
“Michael and the team have identified an array of growth opportunities especially around the franchised store and key travel hubs. We’re excited to be further supporting Benito’s next phase of growth so that they can continue bringing fresh, authentic, affordable Mexican food to the market,” said Robert Davis. Calculus Capital’s deputy CEO and head of portfolio management.
