Pizza Punks to raise funds for expansion drive
Pizza Punks has appointed FRP Corporate Finance as it looks to raise funds for an expansion drive which would see it open a number of new sites.
The pizza restaurant chain – which was founded in 2015 and currently operates in eight UK locations – is looking to open sites in Edinburgh, Manchester, Cardiff, and Birmingham next year.
The chain also has plans for further openings in four other major university cities.
Stevens, chief executive of parent company Hell Yeah Hospitality Group, said: “We are extremely excited about where Pizza Punks is at, both as a brand and a business, and the opportunities it has for significant further growth.
“We’ve seen very strong sales across the entire Pizza Punks portfolio, which has driven record sales for us recently. This has come off the back of exceeding our budget expectations, as well as getting our labour and cost of sales into a healthy position during our last financial year.
“We have reviewed our options for expansion and have identified the next cities we are keen to bring the Pizza Punks experience to, working closely with FRP to identify funding options for our next stage of growth into Edinburgh, Manchester, Cardiff and Birmingham.”