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Security Type
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Debt
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Categories
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Retail, Food & Bev
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Min Investment
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$100
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Location
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San Franisco, CA
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Offering Date
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September 07, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$350.00K-$750.00K
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Security Price
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$1
- Number of Employees
- 9
- Cash
- $100,500
- Revenue
- $682,692
- Short Term Debt
- $803,018
- Cost of Goods
- $274,949
- Long Term Debt
- $0
- Net Income
- $-292,065
Company Description
No covid layoffs. San Francisco livable wage. Fully covered health care. Whole house tip pooling. Progress flag. No exploitation in the supply chain. Buy things from caring and kind people only. Follow all the rules and guidelines. Protect everybody's health and safety at all costs. Speak out. Stand with people in need. These things all fell into place in the pursuit creating the best food, service and restaurant possible.
Key Deal Facts
Award-winning restaurant loved over 9 years by locals and food critics alike.
Operated by respectful restaurateurs with long time trusted employees working as a strong team.
Cassava has an established brand for great food, friendly and warm hospitality, social awareness.
On a high foot traffic main street corner in one of the most visited neighborhoods in SanFrancisco.
High ceiling in a historic building with wide sidewalk seating on a most charming side street.
Management Team / Advisory Board Bios
Yuka Ioroi, Co-Owner/General Manager/Beverage Director
Yuka has worked in restaurants, especially in beverage and operation since 2005. Her beverage program and pairing menu perfectly complements Cassava's cuisine. She is also recognized as an SF industry leader for equitable restaurant operation.
Kristoffer Toliao, Owner Executive Chef
Kris has cooked at some of the finest kitchens in California and Japan since 2003. A true artist of flavors and a man of diligence, Kris's cuisine at Cassava has been recognized as Eater SF 38, Top 42 Restaurants by TimeOut SF and many more.
Jonathan Kwon, Sous Chef
Jon has been with Cassava since 2013 and has been our Sous Chef since 2016. He brings precision in the execution of dishes and plating and draws inspiration from his musical and Korean background, especially shown in our fermentation program.
Reveal the Score by Voting
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.