El Mexicana, the grab-and-go burrito bar, has agreed a seven-figure funding deal with ThinCats. The funding will allow the business to acquire new sites and modernise facilities with self-service kiosks.
Established in 2011, El Mexicana already has 17 sites across the UK. The aim over the next two years is to expand this to 22. The new sites will be a mixture of franchised and owned, the first of which will be in Doncaster.
Stuart Thompson, regional director business development for ThinCats, said “This is an excellent business, with an exciting product, run by two experienced businessmen. We are delighted to support this growth and continue to support SMEs with capital to pursue their ambitions. We look forward to working with the El Mexicana team again and to support their continued success.”
John Coverly, MD of El Mexicana, added: “We’re excited to be working with ThinCats as part of our ambitious growth strategy. Stuart’s dedication to providing us with the sustainable capital we needed was exactly what we were looking for to help support us and accommodate for our future growth.”