El Tamarindo is more than a restaurant. It is a story of how a family has worked hard to keep the El Salvadoran traditions alive. Jose and Betty Reyes came to Washington, D.C. in the early 1980’s with a shared dream of settling down and building a new family life in the United States. The Reyes’ worked hard (Jose as a handyman and Betty as a dishwasher) and carefully set their earnings aside for another shared dream of opening their own restaurant.
- Security Type
- Min Investment
- Offering Date
- October 08, 2021
- Expected Close Date
- January 11, 2022
- Security Price
Use of Proceeds
- The Reyes family intends to use the offering net proceeds towards turning their parking lot into an outdoor patio with heaters to align with social distancing guidelines and to better serve their customers all-year round.If the maximum raise is met:
- (75.00%) $187,500 of the proceeds will go towards building an outdoor patio and kitchen expansion
- (25.00%) $ 62,500 of the proceeds will go towards working capital
Jose Reyes grew up in El Salvador and immigrated to the United States in the 1970’s in search of a better life. In 1982, Mr. Reyes opened El Tamarindo, serving Mexican and El Salvadoran food after years of working at local restaurants. When he arrived from El Salvador, he did not know how to read or write but returned to school to do so while operating the restaurant. He now owns El Tamarindo with his wife Betty Reyes and his daughters Ana Reyes and Evelyn Andrade.
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