1st June 2018
London-based sushi and bento business Wasabi has been ranked the top hospitality operator in The Sunday Times’ latest International Track 200. The list ranks the fastest-growing overseas sales among Britain’s mid-market private companies, measured from firms’ last two years of accounts.
Wasabi entered the list for the first time at 109th, with its percentage of international sales growth listed as 45.59% at £6.1m from total sales of £98.0m. Other companies on the list include Scottish brewer and retailer BrewDog (129th from 193rd last year), management training company Mind Gym led by Octavius Black (131st from 151st), and coffee chain Caffe Nero (177th from 169th).
In March, Wasabi secured a £30m revolving credit facility from HSBC to support its expansion plans. Founded in 2002, the company currently operates 55 UK sites and five in New York under its Wasabi and Bento brands. It also operates Korean restaurant brand Kimchee and Asian-inspired bakery Soboro.