Crab Corner

Crab Corner has been serving Las Vegas with Maryland cuisine that provides all East Coast transplants a true taste of home since 2010. Specialties include fresh blue crabs, iconic boardwalk fries and authentic crab cakes. After expanding to their new location, the restaurant is looking to continue growing by renovating its patio space and tapping into Vegas’s world famous events market. Brothers Mark and John Smolen grew up in the heart of Maryland, between Annapolis, Baltimore and Washington D.C., eating the region’s seafood staples. Five years after graduating from the University of Maryland with degrees in finance and accounting, John decided to join his brother in Las Vegas wholesale importing and selling the highest quality, live, fresh blue crabs. As more and more transplanted members of the Vegas community began inquiring where they could get the taste of home the Smolen brothers were selling, Crab Corner was created. Previously named the best seafood restaurant in the city by the Las Vegas Review Journal, the restaurant has grown a cult-like following of former East Coasters and locals alike for its steamed and J.O.-seasoned fresh blue crabs. They’re served straight onto a butcher paper-covered table with a hammer and bucket, encouraging a social, communal, and casual cultural seafood experience unlike any other in the city.

EARLY BIRD REWARD: $25 Gift Card to Crab Corner
Invest $500 or more: Invitation for 1 to the Investor Party
Invest $1,000 or more: $25 Gift Card
Invest $2,500 or more: $50 Gift Card
Invest $5,000 or more: $100 Gift Card
Invest $10,000 or more: $200 Gift Card
Invest $25,000 or more: $500 Gift Card

A social seafood dining experience bringing East Coast seafood staples to Las Vegas
World famous events and entertainment capital with a booming sports scene and growing customer base
After expanding to its current location in 2013, there’s significant further growth potential if the restaurant can tap into the private events market
A cult favorite among fans rated 4+ stars on Google, Facebook, OpenTable, and TripAdvisor

Currently the patio is uncovered and only utilized about 50% of the year. Installing a covering, along with the required fire system, would allow the ability to host larger events, and seat more customers year-round. Targeted large private parties around holiday season will help offset the seasonal lull with the ability to utilize this space year-round. Remaining funds will be used to purchase high dollar items such as crab meat or snow crab in bulk to increase savings for the restaurant and its customers, and any surplus will be used to pay off existing higher interest rate, short-term debt obligations to help improve cash flow.

John Smolen
Owner
John Smolen is the 100% owner of Crab Corner II, LLC as of January 1, 2017. John has been the managing partner and in charge of the Crab Corner brand since its creation in 2010. He has a degree in finance and a degree in accounting from the University of Maryland, and worked for 5 years in public accounting prior to leaving corporate America to creating the Crab Corner restaurant. He manages all aspects of the business including finances, menu, and marketing.

Charles Upathambhakul
General Manager
Charles Upathambhakul is the General Manager and responsible for all front of house tasks. He ensures a high level of customer service and a productive and happy staff with over 20 years of experience in the food and beverage industry. He has been with Crab Corner since March 2013.

David Hernandez
Kitchen Manager
David Hernandez is the Kitchen Manager. He has been with Crab Corner since its start in 2010. He is responsible all back of house tasks including inventory management, kitchen scheduling, food quality and consistency.

• Securities: Term Notes
• Offering Amount: Minimum of $75,000 to maximum $100,000
• Interest Rate: 12.5%
• Payments: Monthly
• Maturity: 48 Months
• Security Interest: Personal guarantee by John Smolen. Blanket lien on all assets of the business, junior to liens securing existing loans.
• Ownership % Represented by Securities: 0%. Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.