Chi Chi’s Restaurants
About this raise
Chi Chi’s Restaurants, with a valuation of $10.01 million, is raising funds on StartEngine. The beloved household restaurant name is relaunching in two Minnesota sites and a franchise model. Chi Chi’s Restaurants had over 200 locations from 1975 to 2004 and is now returning with its tortillas, fajitas, and deep-fried ice cream. The restaurant has a loyal customer base, and its relaunch has been covered by TIME, CNN, Forbes, The Today Show, NBC, and The New York Times. Michael John McDermott founded Chi Chi’s Restaurants in January 2025. The current crowdfunding campaign has a minimum target of $123,999.26 and a maximum target of $3.5 million. The campaign proceeds will be used for the development of a national franchise, startup costs, and working capital.
Investment Overview
Committed : $898,138
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/26/2025
- Close Date
- 05/26/2025
$123,999
$3,500,000
$249
Equity - Common
Early Stage
RegCF
$1.54
$10,010,000
Company & Team
Company
- Year Founded
- 2025
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $0
- Monthly Burn
-
$6,000
as of Jan '25
-
Runway
-
0 months
as of Jan '25
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/26/2025 | StartEngine | $10,010,000 | $898,138 | Equity - Common | Active | RegCF |
