MUMU Hot Pot

Early Stage

A New fast casual hot pot concept flexibly caters to both solo diners and group dining.

Analytics

Raised to Date: Raised: $174,000

Aggregate Commitments $

Platform

NextSeed

Start Date

12/29/2017

Close Date

03/05/2018

Min. Goal

$150,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status
Funded
Reporting Date

03/31/2018

Days Remaining
Funded
% of Min. Goal

116%

% of Max. Goal

44%

Likelihood of Max
Funded
Avg. Daily Raise

$2,636

# of Investors

163

Momentum
Funded
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Location

Santa Clara, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Who Should Be Interested:
Do you love hot pots? Do you live in the northern California area? If you do, then MUMU Hot Pot could be the investment for you! They’re bringing a full-service, fast, and casual hot pot restaurant to Pleasanton and Livermore. Northern Californians, get ready to enjoy the rich and savory hot pot experience -- one delicious sip and bite at a time.

The Company:
MUMU Hot Pot is a full-service, fast, and casual restaurant that cares about one thing: bringing a unique, delicious, and excellent hot pot dining experience to their customers. Now, they want to bring their savory pots to Pleasanton and Livermore, where they’ll be located adjacent to the San Francisco Premium Outlets, California’s busiest mall. Planning to open in February 2018, MUMU will cater to both solo and group diners, with streamlined DIY menu and operations to enable faster service, as well as a bar-style setup to allow for more seating. The MUMU management team is no newbie to the hot pot restaurant scene, as they’ve already successfully developed hot pot recipes and formats with MUMU Hot Pot’s sister restaurants, Boiling Hot Pot. Boiling Hot Pot has one location in Fremont and one in San Francisco, and between those two locations, sales have reached over $1.2 million in revenue per restaurant in 2017, with nearly 15% net margins. Now, hot pot lovers and solo shoppers alike can enjoy an excellent hot pot experience in the Pleasanton and Livermore area.

The Bottom Line:
The hot pot experience is truly a delicious and unique one, and having the option to now enjoy one as a solo diner, not just in a group, is a wonderful advantage. Add in MUMU’s already successful sister restaurants with the the nine million annual visitors to the outlets, and you realize this restaurant might be on a savory slope to (tasty!) success.
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Platform: NextSeed
Security Type: Debt

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