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Security Type
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CAFES
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Categories
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Food & Beverage, Retail, Community & Lifestyle, Restaurant
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Min Investment
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$500
Key Deal Facts
$2.5M Revenue: Company-wide revenue achieved in competitive market
3 restaurants, 4 ghost kitchens, Austin FC Q2 Stadium outpost, and 5,000 square ft. central kitchen
Proven profitable business model with 77.5% pickup/delivery lean model ready for efficient expansion
Established central kitchen operation, providing a scalable platform for rapid multi-unit expansion
Strong mainstream appeal as an Asian-fusion brand attracting a diverse customer base
Backed by Legendary Ventures, the VC firm behind SpaceX, OpenAI, and other market leaders
Loved by icons such as Andrew Fung (2M+ followers) and Andrew Zimmern (4x James Beard Award winner).
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, $1M+ Revenue
Earned over the last 12 months, Alex WuCo-Founder & CEOTechnical engineer turned entrepreneur, focused on creating a streamlined and optimized restaurant experience for customers and operators. Passionate about bringing Chinese fast-casual dining culture to the American mass market., Ting LinCo-Founder & Executive ChefSeasoned restaurateur with 20+ years' experience and roots in Fujian—one of China’s top culinary regions. Founder of several beloved Asian concepts across Austin, passionate about sharing Chinese culture through food.
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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
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.
