Pho King Noodle Bar

Pho King Noodle Bar

Casual Vietnamese Bar

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Security Type
Revenue Sharing
Categories
Hospitality
Min Investment
$100
Location
Houston, TX
Offering Date
July 30, 2021
Expected Close Date
September 30, 2021
Target Raise
$75.00K-$1.07M

Company Description

Pho King is a new fast casual pho bar that will incorporate Chipotle-style customization as well as set bowls and house favorites. The noodle bar will offer traditional Vietnamese staples on its soup menu such as the Pho King Special (combination), Pho King Ballsy (meatball), Pho King Chicken, etc. Additional menu items will include Vietnamese banh mi sandwiches, spring rolls, and more – all pulled from family recipes that have garnered years of success.

 

Key Deal Facts

Bringing traditional Vietnamese noodle soups and other comfort foods to the area
Over 222,000 households within a 5-mile radius, offering a large built-in audience of young professionals and families
Heavy density of bars and clubs in the area make Washington Avenue a hotspot for nightlife and an after-hours crowd, a strong opportunity for the restaurant
Founded by experienced pho restaurateur Phu Nguyen (Pho Danh, multiple locations) and serial entrepreneur Elvis Nguyen (Ham Choi Productions, Sing Karaoke Bar and Lounge, Beard Papa’s franchisee)

Use of Proceeds

  • The total project cost is $170,000 with the owners contribution of $50,000 in capital funding thus far. The business will use NextSeed funds for this Washington location, equipment purchases, inventory, and working capital.

 

 

 

Management Team / Advisory Board Bios

Elvis Nguyen, Owner
Elvis has amassed over 10 years of experience in sales and marketing across multiple industries. He comes from a medical background, but has a passion for the hospitality industry. His first venture was in 2019 when he opened Beard Papa’s Bellaire. The popular cream puff franchise from Japan, in the newly developed Bellaire Food Street in the Chinatown part of Houston. In 2020, using his nightlife experience, he then proceeded to open Sing Karaoke Bar & Lounge in the UKaty development at University Center. Both businesses have survived the recent pandemic, and are rapidly recovering to pre-covid sales numbers. He also owns a nightlife promotions company, so marketing and promotions is his expertise. Elvis has a knack for customer service, marketing, with a strong social media presence. He has a creative mindset and powerful understanding of how to craft unique concepts for various parts of Houston.

Phu Nguyen, Owner
Phu has 10 plus years of restaurant experience under his belt. He has been operating his family's two pho restaurants, and is looking to expand his portfolio and venture into his own concept that he is highly familiar and very successful in already. He runs the daily operations, inventory management, accounting, and everything else that goes into the family business.
Amount Raised : $0
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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