clock menu more-arrow no yes mobile

Filed under:

Matchbox Details National Expansion Plans

They seek $11M from public investors for huge national expansion.


As previously reported, Team Matchbox is expanding largely throughout the metro area and beyond. The Washington Post now has further details on those aforementioned plans to expand throughout the States.

The goal? 48 locations by 2020 — a feat for which The Matchbox Food Group is seeking $11 million from qualified public investors, to compliment the $9M they've already collected. A website for such investors — who must be willing to invest $50K into Matchbox Group and, per SEC rules, must have a net worth over $1M and a yearly income of $200K — is launching tomorrow, May 29.

The Group currently operates 11 locations in the DC area, with another location in Palm Springs, California. And soon: many, many more.