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John Haltmaier | Managing Director
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(212) 418-1183 | C: (973) 699-7995
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Venturant Group is raising $20 million to help fund its pipeline of additional restaurants in select markets across the US. Exclusive rights to expand and market leading Asian catering/restaurant brands in North America.
- Opened first restaurant in the highly competitive Queens, NY Asian restaurant market – generated $9 million in revenues and $1.4 million in net income in its first full year
- Recently opened 3 more locations with another 2 expected to open within the next 1-3 months
- Highly skilled team with broad-reaching connections in China and the US
- Shanghai Construction Group, a Fortune 500 global construction and engineering company, is a 40% owner/strategic partner, and guarantees all restaurant leases
Asian food is highly popular in the US: 12% of US restaurants serve Asian food, which is almost double the 7% of the US population that is Asian
Chinese is by far the most popular at 39% of all Asian restaurant – Japanese and Thai are the next most popular, particularly among Gen Z and Millennials
Asian restaurants are concentrated in five states with large Asian populations – about 45% – but spreading, with at least one in 73% of all counties
Core Venturant brand – Shoo Loong Kan Hot Pot – was founded in China in 2014 and has expanded to over 800 restaurants worldwide
Venturant mission: “Inheriting Asian Cuisine and Sharing Diverse Cultures” by bringing authentic Asian cuisine experiences to North American consumers
Provides consulting, investment, implementation, and management services for partner brand restaurants and catering in North America
Exclusive rights to renowned brands such as Shoo Loong Kan Hot Pot, Ziyan Foods, Shuyi Tealicious, Kajiken Ramen, NOVA Restaurant & Bar, and other well-known catering brands – hope to expand to over 100 brands
11 additional locations around the country are in various stages of planning and development – all expected to be operating within the next 12 months
SCG plans to invest up to 40% of the cost of the current pipeline and provide a corporate guaranty on Venturant’s leases
Pipeline
- 4 locations open
- Projects under construction expected to open within 1-3 months
- Remaining projects expected to be open by end of Q3-20254
Management
Specific Risks
Highly competitive industry within and among types of cuisine with new brands frequently being introduced
Consumer tastes may change among types of cuisine as well as leisure spending preferences
Profitability may be impaired if costs rise faster than prices or if there are interruptions in the availability of supplies
Maintaining adequate, high-quality staffing may be difficult
Building out new stores may take longer and be more expensive than anticipated
Demand in new markets may not be as strong as expected