MUMU Hot Pot
A New fast casual hot pot concept flexibly caters to both solo diners and group dining.
Overview
Raised: $174,000
Rolling Commitments ($USD)
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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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Santa Clara, California
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.
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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