Neighborhood eatery with meals for Each/Physique sees third quarter same-store gross sales enhance 37% over 2019; common unit volumes trending in extra of $2.5 million
Dallas, TX (RestaurantNews.com) Original ChopShop at present reported monetary outcomes for its third quarter, which ended Oct. 3.
Third quarter outcomes for the 12 weeks ending Oct. 3, 2021, embody:
- Complete income elevated 42% in comparison with 2020 and 82% in comparison with 2019;
- Identical-store gross sales elevated 42% in comparison with 2020 and 37% in comparison with 2019;
- Common weekly gross sales have been $48,000 per Store; and,
- Store-level EBITDA margin was 18.0%.
Yr-to-date outcomes for the 40 weeks that ended Oct. 3, 2021, are:
- Complete income elevated 48% in comparison with 2020 and 79% in comparison with 2019;
- Identical-store gross sales elevated 46% in comparison with 2020 and 33% in comparison with 2019;
- Common weekly gross sales have been $46,000 per Store;
- Store-level EBITDA margin was 19.1%;
- EBITDA is constructive after company bills;
- Digital gross sales accounted for 46% of whole income in comparison with 36% in 2020 and 13% in 2019; and,
- Off-premise gross sales accounted for 73% of internet gross sales.
“Our outstanding gross sales outcomes have a direct correlation with the individuality of our model, our emotional reference to our company and, most of all, the energy of our crew,” mentioned Authentic ChopShop CEO Jason Morgan. “We’ve constructed a scalable platform supported by expertise that’s producing $2.5 million common unit volumes, a 50%+ cash-on-cash return, and constructive EBITDA after company expense. Our unit development continued final month as we entered our third market of Houston and the early outcomes are promising. Our development will proceed subsequent yr with seven Store openings in present markets of Phoenix, Dallas and Houston in addition to our first Outlets in Atlanta.”
The Chops app and loyalty program launched in August 2020 and was designed to create a sooner, extra handy visitor expertise. In Q3 2021, 69% of Authentic ChopShop’s direct digital orders have been positioned by way of the app. The model is leveraging information insights from the app to have interaction with company by way of new packages and promotions. This vacation season, when company load $50 in-app earlier than Dec. 31, 2021, they are going to obtain $3 off daily in January 2022.
Constructing and retaining a robust crew continues to be one in all Authentic ChopShop’s prime priorities. The model lately launched an modern new visitor referral program that permits company to refer new crew members and earn a $50 in-app reward if the person is employed.
On the event aspect, the neighborhood eatery lately entered a brand new market, opening its first Store within the Houston space on Oct. 15. A second Houston opening is fast to observe in early January 2022. Authentic ChopShop can be set to broaden into its fourth market – Atlanta – in 2022. The model anticipates seven Store openings subsequent yr in Atlanta, Dallas, Houston and Phoenix, which can carry its whole unit rely to 23.
Authentic ChopShop gives a heat, welcoming place the place company “Gasoline Their Properly-Being” with flavorful meals that’s “Chopped-in-Store” day by day with actual, high quality components. The menu consists of scrumptious protein bowls, salads (“chops”), sandwiches, contemporary juice, protein shakes, acai bowls, breakfast gadgets and parfaits. The crew at Authentic ChopShop is proud to supply customizable meals for “Each/Physique,” offering quite a lot of dietary-friendly gadgets for adults and kids, together with meals freed from gluten, dairy, lactose and soy, together with vegetarian and vegan choices.
Authentic ChopShop: Gasoline Your Properly-Being with Simply Really feel Good Meals.
About Authentic ChopShop
Based in Previous City Scottsdale, Ariz. in 2013, Authentic ChopShop at the moment has 16 places in Phoenix, Dallas and Houston. The model is continuous enlargement with seven openings deliberate for 2022 in Dallas, Phoenix, Houston and Atlanta. Authentic ChopShop is a heat, welcoming neighborhood eatery filled with energetic folks crafting “Simply Really feel Good Meals” from complete components. These nutritious meals are “Chopped-in-Store” day by day utilizing complete vegetables and fruit. For extra data, go to originalchopshop.com or observe the model on Facebook, Instagram and Twitter and TikTok and hashtag #JustFeelGoodFood.
Contact:
Cami Studebaker
Champion Management
972-930-9933
cstudebaker@championmgt.com
