Just Falafel, the UAE-based fast-food chain, which made its debut under franchise in the UK last year, is considering an initial public offering (IPO).
According to reports in the Middle East, the company, which has grown to 41 restaurants and more has more than 720 franchise commitments signed in 19 countries, is weighing the sale of a 25% stake as part of a potential listing on the Nasdaq Dubai exchange.
It is thought that the company is seeking to conduct the IPO by the end of December.
The company is to open its first UK company-run site at the London Designer Outlet in Wembley, north London, next month.
Mike Biggins, chief executive of Just Falafel UK & Ireland, told M&C Report that he wants one in four sites to be company-operated, partly to provide a “model” for franchisees, and partly to help with training and R&D.
Just Falafel currently operates five franchise sites in the UK.
