This company is no longer in business. Investors can get details about any potential exits or failures here.
Bao Bros. Bistro
Asian-Fusion — Bao, Boba, Beer
Overview
Raised: $73,146
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/09/2020
Close Date
12/02/2020
Min. Goal
$50,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/30/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$642
# of Investors
64
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 08/09/2020
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