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Pizza Punks has appointed FRP Corporate Finance to assist the chain in raising capital, as it looks to speed up its expansion plans during 2024.
The firm’s appointment comes as the pizza chain has spent the past six months consolidating after opening four new restaurants last year in Leicester, Nottingham, Durham and Liverpool.
Founder and CEO of Hell Yeah Hospitality, Brad Stevens, who operates Pizza Punks, currently has a portfolio of eight Pizza Punks locations across the UK.
According to Stevens, he now sees the potential for the brand to grow into a UK-wide business, as it plans to expand into Edinburgh, Manchester, Cardiff and Birmingham in 2024. There are also plans to expand into four other major university cities.
Stevens 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.”
He added: “We have reviewed our options for expansion while working closely with FRP to identify funding options. We are feeling really positive about what the future holds for Pizza Punks.”
Daniel Brecker, director of FRP Corporate Finance, said: “We are delighted to be working alongside Brad and the top team at Pizza Punks as it continues to execute its UK site rollout strategy. Pizza Punks stands out with its highly distinctive brand and excellent site economics supported by its award-winning menu.”
