Chopstix targets 30 sites this year
Chopstix Group says it is planning to open 30 new stores in 2023, as it forecasts record sales for the financial year.
The Asian quick service restaurant (QSR) group opened 26 new restaurants last year, including a debut holiday park site at Craig Tara Park in South Ayrshire, Scotland.
Chopstix has opened new stores in Bracknell and Brent Cross this month and has recently finalised deals with a number of QSR operators, as well as trials with Butlin’s and Haven. The group is also set to open its first airport site in Luton.
Earlier in March, the restaurant group acquired Chozen Noodle, which operates 27 roadside service sites.
Chopstix says it is on course to surpass £65m in sales by the end of the 2023 financial year (23 April 2023), 40% higher than in 2022. The group is also predicting a further rise in revenue in the 2024 financial year, with the business expecting sales to surpass £90m.
One of the group’s founders, Menashe Sadik said: “We believe there’s scope to reach 500 UK sites, and we also want to grow internationally through franchising. Our flexible model means we can operate in forecourts and food courts, town centres and shopping centres, holiday parks and retail parks, and we’re continuing to evolve, with airports and drive-thrus next on our list.”