US-based fast-casual eatery Original ChopShop has secured a senior credit facility from BBVA Compass to support its expansion plans for new restaurants.
The company will use the proceedings to open eight to ten restaurants by the end of 2019 with a focus on existing markets, including Phoenix and Dallas, and new markets.
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Original ChopShop CEO Jason Morgan said: “BBVA Compass has been an exceptional partner through this process. Our strong relationship with them is a powerful asset as we continue our growth trajectory.
“The success of our expansion is a credit to our dedicated team and the passion of our loyal guests. We are excited to bring ‘Just Feel Good Food’ to more guests in Phoenix, Dallas-Fort Worth and beyond.”
Hargett Hunter Capital Partners, a majority stakeholder in Original ChopShop, assisted with obtaining the credit facility.
Established in 2013, Original ChopShop opened three new restaurants this year including one in North Scottsdale and one in Arcadia, Phoenix, as well as Las Colinas, Dallas.
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By GlobalDataThe fast food chain is also planning to open two restaurants in Plano and one in Dallas by the end of this year.
Original ChopShop offers a range of menu choices including protein bowls, acai and pitaya superfruit bowls, juices, protein shakes, salads and sandwiches.
