Upward Projects

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Upward Projects - overview

Established

2001

Location

Phoenix, AZ, US

Primary Industry

Travel & Leisure

About

Upward Projects specializes in creating vibrant dining experiences through a variety of restaurant concepts, focusing on hospitality and social interaction in urban environments. Founded in 2001 in Phoenix, US, Upward Projects creates unique dining environments that foster social connections. The company was established by Lauren Bailey, who is also the CEO. Over the years, Upward Projects has engaged in one notable investment deal, with Brentwood Associates investing in November 2017.


Upward Projects specializes in creating hospitality-driven dining experiences through a diverse range of restaurant concepts. Their core offerings include multi-cuisine dining environments designed to foster social interactions among friends and family, with an emphasis on creating a welcoming atmosphere. The company has developed five distinct restaurant concepts, each catering to various culinary preferences and experiences, while maintaining a consistent commitment to quality and service. Primarily targeting urban markets, Upward Projects serves a broad customer base that includes local residents, tourists, and professionals seeking dining options that combine quality food with a vibrant social setting.


The restaurants are strategically located in metropolitan areas to maximize accessibility and appeal to a diverse clientele. The revenue model for Upward Projects is primarily driven by direct consumer transactions within their restaurants, where patrons pay for meals and beverages. The restaurants offer gift cards, which serve as an additional revenue stream that allows customers to pre-purchase dining credits for personal use or gifting purposes. The dining experiences are priced to accommodate a range of budgets, appealing to both casual diners and those seeking more upscale options.


Customers typically engage in point-of-sale transactions during their visits, and repeat business is encouraged through loyalty initiatives linked to the Upward Projects ePosse membership. This membership program provides members with exclusive offers and updates on events, further driving customer engagement and repeat visits to their establishments. Following the investment by Brentwood Associates in November 2017, Upward Projects plans to utilize the funds to expand its presence in urban markets. The company is currently designing new dining concepts aimed at enhancing customer experiences.


There are plans to open additional restaurants in key metropolitan areas, focusing on locations with high foot traffic and vibrant communities. Specific target markets for expansion include major cities where the demand for diverse dining options continues to grow.


Current Investors

Brentwood Associates

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

http://www.upwardprojects.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Upward Projects - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedUpward Projects-

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