Chingu
Chingu is seeking investment
to open a restaurant in Kansas City serving Korean food with inspiration from street foods, Korean bbq, and home cooking.
- Security Type
- Revenue Sharing
- Categories
- Korean Restaurant
- Min Investment
- $100
- Location
-
KANSAS CITY, MO
- Expected Close Date
- July 15, 2022
- Amount Raised
- $52,200
- Target Raise
- $50K-$107K
- No. Investors
- 59
- Security Price
- $1
- Investment Multiple
- 1.5×
- Business’s Revenue Share:
- 1.5%-3%
- Securitization
- None
- Maturity Date
- June 30th, 2027
- Number of Employees
- 2
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Company Description
Chingu means “friend” in Korean. We want to create a fun, interactive, learning experience by bringing childhood favorites to life on our food menu. Guests will see our versions of popular street foods, elements of Korean bbq, and Korean homestyle cooking. “Anju” is our food vision, literally translated to “food with drink” - whether you want some bites with a drink or a full meal. We will pair our food with a full bar program with a curated selection of spirits, beers, and wines while highlighting soju (rice spirit) and makgeoli (rice wine). Our cocktails will be inspired by Korean and other Asian flavors.
Security Description
Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.