Popular Mexican fast food giant Guzman Y Gomez has plans to list on the ASX as early as next year.

On Monday night, Guzman Y Gomez, referred to as GYG or Guzman by Aussie fans, revealed its plans to launch an initial public offering by 2024 at the earliest.

In an unusual move, the privately-owned company revealed its annual profits and losses much like a publicly listed company would, with its co-founder and CEO Steven Marks citing transparency as his reasoning.

The restaurant franchise, which started off as a single store in the trendy Sydney suburb of Newtown and has since expanded nationally and globally, boasted a staggering $759 million in global sales.

That marked a 32 per cent jump from the previous like period.

GYG sold their signature products – burritos and burrito bowls – a whopping 39 million times over the past year.

Mr Marks, who co-founded GYG alongside fellow New Yorker Robert Hazan all the way back in 2006, has also indicated that he is looking for his replacement for the near future.

“It’s all about timing, but we’re definitely gearing up for it,” Mr Marks said of his company’s plans to hit the Australian sharemarket.

“There’s a possibility it could be late 2024 or 2025.”

GYG’s current investors include TDM Growth Partners, Barrenjoey, Aware Super, Athletic Ventures and Point King Capital.

The business went through another capital raising round in September last year.

At the time, it appeared GYG had surpassed unicorn status, with a valuation of $1.5 billion.

During the Covid-19 pandemic, selling $9.90 burrito and bowls when the actual price was $12.90 prior to the pandemic.

However, since then, amid the cost of living crisis, prices have increased by eight per cent in the past 12 months, in line with inflation.

News.com.au previously spoke to Mr Marks, who revealed that GYG is projected to hit an eye-watering $1 billion in revenue by 2025.

“Last year we went through 8.5 million avocados, we’re the largest buyer (of avocados) outside of supermarkets,” Mr Marks said earlier this year.

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A burrito is rolled every two seconds across their stores on average while more than 700,000 people eat at a GYG restaurant every week.

They sold 23 million serves of guacamole last year.

GYG has more than 180 restaurants across Australia, the US, Singapore and Japan.

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