Avila’s Restaurant, known throughout Dallas as the go-to spot for the tastiest, best priced, most timeless Mexican and Tex-Mex food, is opening a second, larger location in the Casa Linda Plaza. [Read More]
Debt and Equity Opportunity
December 10, 2018
March 12, 2019
The total anticipated project cost for Avila’s East Restaurant is $500,000. The owners have committed $70,000 in equity to date. Proceeds from the NextSeed raise, if the $150,000 minimum is hit, will be used for buildout of the space, construction, restaurant equipment, working capital like wages and rent, a liquor license, decor, and furnishings.
Funds raised above the $150,000 minimum will be put towards labor costs and working capital reserves, in addition to advertising.
Trent Avila Marrs - Owner/Manager
The great-grandson of Avila’s original founders, Trent Avila Marrs has held managerial duties at his family’s restaurant since he was just 16 years old. Since then, he’s had a dream of opening his own place, and made it his mission to diligently study the business and the industry, becoming a customer relations expert and a trusted voice at Avila’s in the process. He’s been responsible for the rollout of a new bar program at Avila’s original location as well as facilitating their transition to a new POS system before spearheading this new expansion.
Octavio Avila - Operations Advisor
Octavio Avila helped his parents start the family restaurant over 30 years ago and has worn every hat for the flourishing business since. Whether the job involved remodeling the building’s interior by hand or toiling away over a stove in the back during a busy service, Octavio could be counted on to get it done with poise and professionalism. Today, Octavio is the family patriarch and the face of Avila’s. He will be assisting in the opening of the new location and will maintain ongoing responsibility for quality control and brand consistency.
IssuerAvila's Restaurant Number 2, LLC: Issuer SecuritiesRevenue Sharing Notes: Securities Offering AmountMinimum of $150,000 to maximum $300,000: Offering Amount Investment Multiple 1.40x: Investment Multiple Payments Monthly: Payments Revenue Sharing PercentageIssuer will share a 6.5% of monthly gross revenue with NextSeed investors.: Revenue Sharing Percentage Maturity 48 Months: Maturity Security Interest Blanket lien on all assets of the business: Security Interest Ownership % Represented by Securities0%. 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.: Ownership % Represented by Securities
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