Original ChopShop Reports Best-Ever Sales at Every Shop in 2021

2021 same-store gross sales elevated 35% in comparison with pre-pandemic 2019 full-year gross sales

Dallas, TX  (RestaurantNews.com)  Original ChopShop – an rising model that includes protein bowls, salads (“chops”), sandwiches, breakfast objects, fresh-squeezed juice and extra – in the present day reported monetary outcomes for its fourth quarter, which ended on Dec. 26.

Fourth quarter outcomes for the 12 weeks ending Dec. 26, 2021, embody:

• Complete income elevated 42% in comparison with 2020 and 71% in comparison with 2019;
• Similar-store gross sales elevated 39% in comparison with 2020 and 41% in comparison with 2019;
• Store-level EBITDA margin was 15.8%; and,
• On the finish of the quarter, 37% of complete checks had a loyalty account hooked up and 71% of direct digital orders originated within the Chops loyalty app.

Yr-to-date outcomes for the 52 weeks that ended Dec. 26, 2021, are:

• Complete income elevated 47% in comparison with 2020 and 77% in comparison with 2019;
• Similar-store gross sales elevated 43% in comparison with 2020 and 35% in comparison with 2019;
• Common weekly gross sales had been $46,000 per Store;
• Store-level EBITDA margin was 18.3%;
• EBITDA is optimistic after company bills;
• Digital gross sales accounted for 46% of complete income in comparison with 37% in 2020 and 15% in 2019; and,
• All 16 Retailers generated document annual gross sales in 2021 with a median unit quantity of $2.4 million.

“For the previous 15 plus years, I’ve continuously heard folks describe up-and-coming quick informal manufacturers as being the subsequent Chipotle,’” mentioned Authentic ChopShop CEO Jason Morgan. “Chipotle is a superb model to emulate, however at Authentic ChopShop, we try to be this technology’s Panera. Like Panera, our enterprise is supported by a extremely frequent visitor that makes use of the model for a wide range of events all day, on daily basis. Now we have an expansive menu, giving visitors a number of better-for-you choices which are prepped and made in-Store day by day with complete fruit and veggies. Our 2021 gross sales outcomes replicate our success in assembly our visitors’ must ‘Simply Really feel Good’ about what they’re consuming.

 “As a result of we now have generated optimistic EBITDA yearly, we now have not required main money infusions to gas our historic development and don’t anticipate requiring future capital raises to fund future enlargement,” Morgan continued. “Over the previous 5 years, we now have constructed Authentic ChopShop right into a scalable model by implementing a robust know-how platform with industry-leading companions like Olo and Paytronix. Our know-how allows us to function effectively and profitably. However, we’re not a know-how firm. We’re a restaurant model, and eating places are a people-centric enterprise. Nearly all of our 2022 initiatives give attention to how we will proceed to put money into our workforce members, as a result of our future success is closely reliant on their private development and success.”

Future yr 2022 outlook:

• Complete income development of 20% to 25%;
• Complete EBITDA development of 35% to 40%;
• Similar-store gross sales are projected to be between 8% and 10% optimistic in comparison with 2021; and,
• 5 company-owned Store openings together with a second Store in Houston and a primary Store in Atlanta, bringing complete Retailers to 21 by year-end.

Authentic ChopShop offers a heat, welcoming place the place visitors “Gasoline Their Properly-Being” with flavorful meals that’s “Chopped-in-Store” day by day with actual, high quality substances. The menu consists of scrumptious protein bowls, salads (“chops”), sandwiches, contemporary juice, protein shakes, acai bowls, breakfast objects and parfaits. The workforce at Authentic ChopShop is proud to supply customizable meals for “Each/Physique,” offering a wide range of dietary-friendly objects for adults and youngsters, 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.