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Security Type
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Debt/Note
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Categories
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Food & Bev
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Min Investment
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$100
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Offering Date
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August 01, 2018
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Expected Close Date
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October 30, 2018
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Target Raise
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$50.00K-$107.00K
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Deal Notes
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- Securities: Term Notes
- Offering Amount: Minimum of $50,000 to maximum $107,000
- Interest Rate: 16.0%
- Payments: Monthly
- Maturity: 48 Months
- Security Interest: Blanket lien on all assets of the business, junior to lien provided to secure a senior loan.
- 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.
Company Description
SING is a casual, modern Asian-inspired restaurant with an emphasis on craveable flavors, fresh and healthy ingredients, sustainable practices and super-fast service. With a menu spanning Malaysian, Cantonese, Szechuan, Vietnamese, Thai and Indian dishes, SING takes its name and inspiration from the city/state of Singapore, a melting pot of cultures and cuisines. SING will bring a fresh new take on Asian food and dining service to Houston, and eventually the rest of the country.
Perks
EARLY BIRD REWARD: 50 Bounce Back Card: Spend $50, get $50 on your SING Fan Club Card as part of SING's Loyalty Rewards Program
Invest $500 or more: Invitation for 2 to a SING Pop-Up Event where guests will have the opportunity to give feedback about menu items, spice level, and flavors
Invest $1,000 or more: Invitation for 2 to a SING Pop-Up Event where guests will have the opportunity to give feedback about menu items, spice level, and flavors
Invest $2,000 or more: Invitation for 2 to a SING Pop-Up Event where guests will have the opportunity to give feedback about menu items, spice level, and flavors
Key Deal Facts
Inspired and fresh takes on Asian classics served for the next generation of eaters
Fast casual Singaporean-inspired cuisine from the restaurateur behind Max’s Wine Dive, The Tasting Room and Boiler House and a former Houston Press restaurant reporter and local
pop-up chef
Signature after-hours events, pop-ups and classes enrich the dining experience
Become a SING “Fan” and join the “Choir” for personalized dishes and recommendations!
Use of Proceeds
The total anticipated project cost for SING is $650,000. The owners have committed $300,000 in equity to date. Proceeds from the NextSeed raise will be used for start-up infrastructure, build out and operating capital.
Management Team / Advisory Board Bios
Jerry Lasco
Founder
A former Air Force instructor pilot with a passion for food, Jerry Lasco entered the food and beverage world after getting furloughed as an airline pilot, and he’s never looked back. He is the founder and CEO of Lasco Enterprises, a restaurant group that owns and operates The Tasting Room, Boiler House and Max’s Wine Dive (the latter featured by Food Network, The New York Times, USA Today and the Cooking Channel).
Cuc Lam
Operating Partner
Former restaurant reporter, critic and food writer for the Houston Press, Cuc Lam has over 20 years of experience in the industry. Not only an accomplished writer, she’s also an exquisite chef and has spent the past 4 years hosting hundreds of pop-up dinners at various locations around Houston while she honed her passion and craft. Prior to SING, Cuc owned and operated a Houston bar and grill, helped open a local sushi concept, and consulted on social media marketing.
Deal Notes
- Securities: Term Notes
- Offering Amount: Minimum of $50,000 to maximum $107,000
- Interest Rate: 16.0%
- Payments: Monthly
- Maturity: 48 Months
- Security Interest: Blanket lien on all assets of the business, junior to lien provided to secure a senior loan.
- 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.