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Burritos Anyone?


A_P

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Chilango launches another mini retail bond: How a second helping of Burrito Bonds offers a tasty 8% return

https://www.dailymail.co.uk/money/investing/article-6272569/Chilango-launches-mini-retail-bond-offering-8-return.html

Quote

On top of the attractive annual interest, there are investor perks of free burritos and guacamole. Investors who spread the word through a 'refer a friend' arrangement get even more freebies.

Chilango has an annual turnover of just over £10million and in the last financial year ending March 2018 made pre-tax losses of £1.4million. 

But co-founder Eric Partaker says sales are strong, up 5.3 per cent so far this year.

https://bond.chilango.co.uk/

Wonder why these guys aren't going to a bank? Can't see burritos getting too much love from the british consumer, those lardy tortillas aren't good for the waist xD. Never heard of Chilango but the burrito chain near me is always dead.

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28 minutes ago, Admiral Pepe said:

Chilango launches another mini retail bond: How a second helping of Burrito Bonds offers a tasty 8% return

https://www.dailymail.co.uk/money/investing/article-6272569/Chilango-launches-mini-retail-bond-offering-8-return.html

https://bond.chilango.co.uk/

Wonder why these guys aren't going to a bank? Can't see burritos getting too much love from the british consumer, those lardy tortillas aren't good for the waist xD. Never heard of Chilango but the burrito chain near me is always dead.

They’re expensive and not that good. I don’t know how they’re loss making at this stage of a cycle. 8% isn’t a good enough return given the risks in my opinion. 

Edit: A bank would want a far higher interest rate given the risks.

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30 minutes ago, Castlevania said:

They’re expensive and not that good. I don’t know how they’re loss making at this stage of a cycle. 8% isn’t a good enough return given the risks in my opinion. 

Edit: A bank would want a far higher interest rate given the risks.

It was more of a rehotircal question :). Yes totally agree, I certainly won't be going near this and the free buritos is hardly going to swing it for most especially given their limited locations.

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