Nachos raises one million euros !

29 October 2018 By

Nachos, the young company specialising in Mexican fast-food, founded by Benoît Leroy (Global BBA 2012) under the guidance of the NEOMA BS Incubators, has just raised €1 million.

Nachos continues to grow. The company has just announced a €1 million fundraising campaign with Turenne Capital and Normandie Participations. The NEOMA BS incubated startup now has four restaurants in France. The operation is driven by the desire to accelerate the development of this network. One year after the launch of the franchise operation, the brand hopes to go even further in its strategy by opening new owner-managed restaurants within the next two years, whilst also expanding the franchise network in France. “We plan to open around 30 points of sale within the next 5 years, whilst continuing to focus on our number 1 locations where we can reach annual sales of around 1 million euros,” explains Benoit Leroy, Global BBA graduate and founder of this startup.

This development strategy has been made possible thanks to the support of Turenne Capital and Normandie Participations. “We are delighted to be part of Benoit’s exciting adventure,” points out Mathilde Serres, Business Manager at Turenne Capital. “Today as an innovative player in a promising sector, Nachos is a shining example of a successful development model going through a phase of  acceleration.”

These thoughts are echoed by ARSAC, Business Manager at Normandie Participations. “Nachos has succeeded in building a successful model around a quality fast-food offer. The Rouen-based company will be able to step up its development efforts in Normandy and throughout France. We are proud to support a talented young Norman leader in his ambition to succeed.”​