Healthy fast food chain Friska secures £1.25m to support national roll-out
2014 Young Gun-founded company to open 10 new sites in Bristol, Birmingham and Manchester by 2017
The UK’s first “healthy fast food restaurant” Friska, founded by 2014 Young Guns Ed Brown and Griff Holland, is set for national expansion after raising £1.25m from two angel investors alongside a Santander bank loan.
Launched in 2009 by young entrepreneurs Brown and Holland, Bristol-based Friska offers an attractive alternative to chains such as McDonalds and KFC by providing healthy, ethically-sourced and seasonal food, alongside speciality coffee, inspired by various locations across the globe.
The company also offers corporate catering and has attracted clients such as KPMG, Ernst & Young and Deloitte.
It now intends to use the funding to capitalise upon its success to date; 135% growth in the last year and a run rate of £1.5m, to scale the business nationally and plans to open 10 new sites in Birmingham, Bristol and Manchester over the next three years.
Holland and Brown are also exploring franchising and are in discussions with an international franchise operator which could see Friska launch in “major leisure and transport hubs”.
Discussing the investment, Friska’s Brown said: “Since opening in 2009, we have always had big plans and have been focused on growing a successful and crucially, well-loved business by our customers and colleagues alike. To see the plan coming together is just fantastic.”
Holland added: “Lunchtimes will never be the same again!”