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Security Type
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Debt/Note
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Categories
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Service Businesses
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Min Investment
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$100
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Offering Date
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October 16, 2019
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Expected Close Date
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February 28, 2020
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Deal Notes
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Investment Multiple: up to 1.55x
Revenue Sharing Percentage: 4.0 - 8.15%
Company Description
The newest concept from lifelong Houstonian and restauranteur, Jason Cho, Karne Korean Steakhouse will be an elevation of a trendy, popular cuisine in one of the barbecue capitals of the world. Located on White Oak Drive in Houston’s Heights neighborhood, the restaurant will be an approachable, welcoming environment to enjoy exceptional meats and a superior Korean BBQ experience.
Perks
Early Bird Reward (First 100 investors to invest $2,000 or more) Complimentary bottle of wine on first visit (House selection provided by Karne Korean Steakhouse)
$1,000 or more - 2 invitations to a private investor party and tasting
$2,000 or more - NEW! Free beer or wine, forever!
(One complimentary beer or house wine, per investor, per day, forever)
$5,000 or more - 2 invitations to a private investor party and tasting, NEW! $500 Karne gift card + NEW! Free beer or wine, forever! (One complimentary beer or house wine, per investor, per day, forever)
$10,000 or more - 4 invitations to a private investor party and tasting, Your name added to VIP Wine Locker, NEW! $1,000 Karne gift card + NEW! Free beer or wine, forever! (One complimentary beer or house wine, per investor, per day, forever)
$20,000 or more - 4 invitations to a private investor party and tasting, Your name added to VIP Wine Locker, Private chef dinner for 6 in Karne Gold Room, NEW! $2,500 Karne gift card, NEW! Free beer or wine, forever! (One complimentary beer or house wine, per investor, per day, forever)
$50,000 or more - 6 invitations to a private investor party and tasting, Your name added to VIP Wine Locker, Karne "Black Card" (Priority seating with no wait), NEW! $5,000 Karne gift card + NEW! Free beer or wine, forever! (One complimentary beer or house wine, per investor, per day, forever)
Key Deal Facts
New concept to bring this trendy cuisine to new diners
Located in a prime area, along White Oak Drive in Houston’s Heights neighborhood
Use of Proceeds
Steakhouse Tables, Furniture, Architectural and Design Fees
Management Team / Advisory Board Bios
Jason Cho
OWNER, CHIEF OPERATING OFFICER
Jason Cho, a lifelong Houstonian, created one of the city’s hottest restaurants with Dak & Bop Korean Fried Chicken. Jason has degree in Finance and Marketing from the University of Houston.
Moul "Mo" Kim
PARTNER, DESIGN LEAD
Mo Kim made a name for himself opening several Korean influenced restaurants in New York City, most notably the Korean BBQ chain Jongro. Mo is also the creator and operator of Keki Modern Cakes, a bakery that went viral on all major TV channels and media publications. He has over 20 years of experience in the restaurant and food industry, especially in the Korean BBQ format.
Mike Chen
PARTNER
Mike Chen is a Chinese American video creator and his passion in life is food. Mike captains many successful YouTube channels and social media platforms. His most popular channels include food channel Strictly Dumpling and Beyond Science. Mike has a combined social media following of over 8 million people and has been featured in publications such as CNBC, Forbes, Insider and Thrillist.
Clinton Oh
PARTNER
Clinton Oh has built an expansive career in the field of martial arts (CEO of Ultimate Champions Taekwondo Organization, President of Next Level MA Consulting, LLC, President of Champions Martial Arts International Inc., President of New Star Martial Arts Supplies Inc). Mr. Oh continues to invest in various businesses and provide management services to businesses through GSD Management 100 Inc. Mr. Oh owns and is partnered into restaurant businesses as well as CEO/partner of Mad for Chicken franchise, a famous Korean fried chicken brand in New York.
Lawrence Wai
PARTNER
Lawrence Wai is the owner of a real estate investment, development and contracting company, international trading company, and various NYC restaurants and bakeries, including the famous Keki Modern Cakes. Lawrence has 10+ years investment management and finance experience at top tier investment banks and hedge funds in NYC, and holds a Bachelor of Science from the NYU Stern School of Business, with a dual major in Finance and International Business.
Deal Notes
Investment Multiple: up to 1.55x
Revenue Sharing Percentage: 4.0 - 8.15%