Bao Bros. Bistro

Bao Bros. Bistro

Closed: Dec. 2020

About this raise

Bao Bros. Bistro, an Asian fusion restaurant in Houston, Texas, is raising funds on Wefunder. The restaurant has a unique concept where it gives a new twist to Asian dishes with a fusion of flavors. Bao Bros. Bistro also has specific options for people with dietary restrictions. Christopher G. Garcia Jr. founded Bao Bros. Bistro in February 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $150,000, will be used for construction and kitchen equipment. Bao Bros. Bistro has high growth potential as it plans to expand through grocery stores and franchise model. The restaurant also aims to create a positive social impact by returning 20% of its profits to the community.

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Investment Overview

Invested this round: $73,146

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/10/2020
Close Date
12/02/2020
Min. Goal
$50,000
Max Goal
$150,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Houston, Texas
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Founder Name
Chris Garcia
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$659
 Runway
2.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$35

$0

 

 

Net Income

$-7,910

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,673

$0

Accounts Receivable

$0

$0

Total Assets

$41,257

$0

Short-Term Debt

$322

$0

Long-Term Debt

$0

$0

Total Liabilities

$322

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/02/2020 Wefunder - $73,146 Revenue Share Funded RegCF
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Bao Bros. Bistro on Wefunder
Platform: Wefunder
Security Type: Revenue Share

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