Xin Chao
MasterChef season 3 winner Christine Ha teams up with locally renowned Chef Tony J. Nguyen to execute their unique take on Vietnamese cuisine.
Overview
Raised: $107,000
Total Commitments ($USD)
Platform
NextSeed
Start Date
02/19/2020
Close Date
04/29/2020
Min. Goal
$75,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,551
# of Investors
93
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Xin Chao, a unique Vietnamese restaurant in Houston, Texas, is raising funds on NextSeed. The restaurant will feature a versatile menu with high-quality ingredients, specialty cocktails, and contemporary ambiance. The food at Xin Chao aims to transform traditional Vietnamese cuisine into a sophisticated and modern dining experience. The restaurant was founded by MasterChef winner Christina Ha and renowned Chef Tony J. Nguyen and is expected to open in May 2020. The current round of crowdfunding has a minimum target of $75,000 and a maximum target of $107,000, and the proceeds will be used towards construction, bar renovations, kitchen renovations, inventory, furniture, and working capital. The owners of Xin Chao have a proven track record of owning and operating successful Vietnamese establishments. They intend to honor the Vietnamese cuisine further while offering a contemporary dining experience.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/19/2020
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