'Everytable,' the health-focused, scratch kitchen restaurant, announced the successful Everytable Series C round of funding. This funding round totaled $55 million USD for the company, which it will use to rapidly expand its presence, as each of its releases have been successful thus far.
Everytable takes a unique approach to the quick-service industry. The CEO of the company, Sam Polk, stated: "We believe access to affordable and nutritious food is a human right," and this belief became the basis for the restaurant's operations. Each Everytable location adjusts its menu pricing to accurately capture what the local demographic considers to be affordable. On top of this, the foods prepare homemade-style food out of healthy, authentic ingredients.
Currently there are 32 Everytable locations in operation. Polk stated that this number will increase to 54 by the end of 2022, and then up to a total of 114 by 2025.
Healthy Scratch Kitchens
Everytable Raised $55 Million USD to Expand its Market Presence
Trend Themes
1. Healthy Eating - The rise of health-focused restaurants like Everytable presents an opportunity for companies to incorporate healthy and authentic ingredients into their menus.
2. Localized Pricing - Adopting Everytable's strategy of adjusting menu pricing based on local demographics can be a disruptor for the quick-service industry.
3. Expansion - The successful round of funding for Everytable showcases the potential for quick-service restaurants to rapidly expand market presence.
Industry Implications
1. Restaurant - Healthy and localized menu pricing can provide opportunities for innovation within the restaurant industry.
2. Food Delivery - Expanding market presence of health-focused restaurants like Everytable presents opportunities for disruption in the food delivery industry.
3. Healthy Food - Companies focusing on the production and distribution of healthy and authentic ingredients can take advantage of the demand presented by restaurants like Everytable.