The company recently sold a minority stake to Capdesia Group.
Wasabi has seen “strong” trading so far in 2019 as it puts plans for further expansion.
The sushi and bento chain opened seven stores in 2017, introduced a new central kitchen, and trialled a partnership with Marks & Spencer. Wasabi has also expanded into the ready meal market as part of an exclusive arrangement with Sainsbury’s.
As a result, turnover grew 8.1% to £106,071,204 million compared with £98,091,595 million the previous year, with gross profit up to £36,400,719 million from £35,023,667 million, and an operating loss of £7,031,264 million after an operating profit of £1,439,644 million the previous year.
“This is a time of great innovation for our business and we are investing strongly in all areas. We’ve become one of the UK’s more popular high-street food choices thanks to our fantastic teams, both in our new development kitchen and in each of our 51 branches here. Our Stateside offering is also proving popular, with plans to expand on our existing portfolio of five restaurants,” Wasabi and Kinchee UK and US managing director Frederic Lluch said.
Photo credit: Wasabi's Facebook
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