Common Bond Garden Oaks

Common Bond Garden Oaks

Well-established Houston bakery, Common Bond, is opening a new drive-thru location in Garden Oaks called Common Bond On-The-Go Coffee & Bakery. Originally launched in 2014, Common Bond has seen rapid growth into multiple locations throughout Houston. Their first On-The-Go drive-thru concept in The Heights has been very well received since opening in May of this year. Modeled after this successful location, Common Bond aims to expand their On-The-Go brand and loyal following into Garden Oaks, a fast-growing area of the city.

Common Bond On-The-Go Coffee & Bakery will feature pr...

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Security Type
Debt/Note
Industry
Food & Bev
Min Investment
$200
Location
Houston, TX
Min Raise
$100,000
Offering Date
August 31, 2020
Max Raise
$225,000
Expected Close Date
January 31, 2021
Deal Notes

Type of Securities: Term Note

Annualized Interest Rate: 14%

Maturity: 48 months

Payments: Monthly

Security Interest: Blanket lien on all assets of the business.

Ownership % Represented by Securities: 0% equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Management

George Joseph
CEO
As the Chief Executive Officer and owner of Common Bond Bakery Brasserie Bistro, George’s strategic vision has made Common Bond one of the fastest growing businesses in Houston. Due to his vision and commitment to a strong company culture, in 2019 and 2020 Common Bond won Houston Business Journal’s Fast 100 Award, in which he was also recognized as a 2020 Most Admired CEO honoree.

Chris Fannin
PRESIDENT
As a seasoned restauranteur, Chris Fannin brings nearly three decades of extensive experience and industry knowledge as the President of Common Bond. Prior to Common Bond, Chris has worked in both independent and corporate restaurant environments encompassing fine dining, casual dining, and fast-casual dining concepts. During his career in the hospitality industry, he has successfully opened 20 restaurants. Chris’ collaborative leadership style, combined with an intense passion for providing genuine hospitality to his guests, creates an organizational culture that embraces growth, development, and recognition within his team members. He has a passion for wine and has obtained a Level One Court of Master Sommelier certification. He is a Texas native and enjoys cooking and traveling overseas.

Jason Gould
EXECUTIVE CHEF
Gould has 30 years of dedicated, specialty restaurant experience ranging from the acclaimed Michelin-rated Mirabelle restaurant in London and subsequently as chef de partie at a five-star French restaurant in Tyrol, Austria’s Vital Dorint Royal Hotel. After a brief stint in New York, he started at ‘Aries’ in Montrose where he served as chef de cuisine for over two years before becoming the chef and co-owner of Gravitas. With a gift for producing honest and flavorsome dishes from first principles using the very highest quality produce; Jasonwas named Up-and-Coming Chef of the Year in 2006 by My Table, and cemented his position as ‘one to watch’ when he received its top honor in 2007, as Chef of the Year. Gould joined Common Bond in 2019 from the Tex-Mex world, with positions at Cyclone Anaya's and The Original Ninfa's Uptown. A native of Australia, he is a beloved and active member of the Australian community here in Houston.

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Security Description

A note is a financial security that generally has a longer term than a bill but a shorter term than a bond.

Key Deal Facts

New drive-thru location from one of the most exciting bakery and bistro concepts in Houston
Versatile menu offering quick, premium food, baked goods, and coffee for dine-in or to-go
New Garden Oaks location is in a popular, fast-growing part of Houston
Strong executive team with proven growth strategy

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