In December, the fast-casual, customizable stir-fry concept announced it had raised an additional $18 million in funding, bringing its lifetime total to $70 million. A portion of the latest cash infusion will be used to expand Honeygrow’s small-footprint offshoot, Minigrow. Some will also be used to provide tech upgrades and develop a combined loyalty app for the two concepts.
2017 Systemwide Sales ($000,000) | $39* |
---|---|
YOY Sales Change | 96.0% |
2017 U.S. Units | 26 |
YOY Unit Change | 73.3% |
2017 Average Unit Volume ($000) | $1,800* |
Future 50 Year | 2018 |
Franchising | No |
*Technomic estimate
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