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New drive-thru location from one of the most exciting bakery and bistro concepts in Houston

  • 4 existing Common Bond locations across Houston and growing 
  • Great local reputation and large, loyal following
  • Winner of Reader’s Choice for “Best of Houston” Best Bakery 2020
  • Each location offers a unique experience from the brand

Versatile menu offering quick, premium food, baked goods, and coffee for dine-in or to-go

  • Flagship drive-thru location opened in May and is performing well
  • Restaurant-goers are looking for more drive-thru or takeout food choices, and this brand extension is in line with the versatile needs of the future

New Garden Oaks location is in a popular, fast-growing part of Houston

  • Garden Oaks has a small-town feel, but is highly accessible from Downtown, The Heights, and EaDo
  • Upper middle-class neighborhood with historic style homes
  • The community is already excited for the well-publicized opening of this location

Strong executive team with proven growth strategy

  • Expansion into multiple locations since purchasing the original Common Bond in 2016
  • First Common Bond in Montrose grew to $4.6M in sales in 2019

Updates

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Common Bond Garden Oaks
November 11, 2020

Thank you!

Dear NextSeed Supporters,


Wow! Our offering sold out in 47 minutes! I can’t thank you enough for your confidence in me and my team. We are super excited about the wonderful build out going on currently by our great partners, Forney Construction and Gage Architecture.


Common Bond On The Go Garden Oaks will be a wonderful addition to this great neighborhood. We look forward to serving our wonderful pastries, cookies, coffees, breakfast croissants, grab and go salads and sandwiches, plus much more!


We look forward to working with you and meeting you all at Common Bond On The Go Garden Oaks.


– George Joseph, CEO

Well-established Houston bakery, Common Bond, is opening a new drive-thru location in Garden Oaks called Common Bond On-The-Go Coffee & Bakery. Originally launched in 2014, Common Bond has seen rapid growth into multiple locations throughout Houston. Their first On-The-Go drive-thru concept in The Heights has been very well received since opening in May of this year. Modeled after this successful location, Common Bond aims to expand their On-The-Go brand and loyal following into Garden Oaks, a fast-growing area of the city.

Common Bond On-The-Go Coffee & Bakery will feature premium baked goods, easy grab-and-go food options, and coffee available for dine-in, takeout, and drive-thru. They plan to offer beer and wine service as well. This convenient cafe will be a very welcome addition to the Garden Oaks neighborhood.

Investment Terms

Issuer
Common Bond OTG Garden Oaks, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed Securities, LLC

Offering Min

$100,000

Offering Max

$225,000

Min Individual Investment

$200

Raised to date

$225,000

Type of Securities Term Note
Annualized Interest Rate 14%
Maturity 48 months
Payments

Monthly

Security Interest Blanket lien on all assets of the business.
Ownership % Represented by Securities

0% equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Personal Guarantee

Personal guarantee provided by George Joseph for investors of this offering.

View the Issuer's SEC Form C filing

Use of Proceeds

Common Bond On-The-Go Coffee & Bakery is looking to raise $225,000 during the NextSeed raise to build-out the new Garden Oaks location.

Food and beverage (including alcohol) sales are the primary revenue for Common Bond On-The-Go Coffee & Bakery. The drive-thru provides an additional stream not available at Common Bond’s other cafe-only locations.  

Previously home to an auto shop, Common Bond will convert the building into a bakery and cafe, leveraging the building’s original footprint for efficiency and novelty, utilizing the garage bay for the drive-thru. Common Bond’s creative renovation plan and reputation has already generated attention from the local community. Excitement has building since the team began sharing details of the opening in June (CultureMap).

Common Bond On-The-Go Coffee & Bakery will be modeled after the pilot On-The-Go location in the Heights, which opened in May and has been well received. In the current climate, quality takeout or drive-thru options are highly desirable. Common Bond aims to provide this service to the Garden Oaks neighborhood, where options are limited. 

The menu at Common Bond On-The-Go Coffee & Bakery will feature similar items currently available at The Heights’ On-The-Go location. The primary focus is high quality, convenient food for breakfast, lunch, and dinner. The versatile selection includes a variety of signature cookies, pastries, and croissants as well as savory grab ‘n go style items:

  • Vanilla Yogurt with Chia Seeds & Honey
  • Croissant Breakfast Sandwiches
  • Wedge and Cobb Salads
  • Lettuce Wrap with Chicken Salad and Sprout Slaw
  • Smoked Salmon and Cream Cheese on Sunflower Rye
  • Picnic style plates like Prosciutto & Melon, Meat & Cheese, Spreads & Breads and Cheese & Fruit.

Wine and beer service will also be offered.

Common Bond On-The-Go Coffee & Bakery offers high quality food and beverages in a laid-back, casual atmosphere. The Garden Oaks location will feature a drive-thru option for convenience, built into existing garage door bays. Inside, Common Bond offers counter service and limited seating. An outdoor patio will provide additional seating.

Architectural rendering of Common Bond Garden Oaks

Architectural rendering of Common Bond Garden Oaks


The leadership team at Common Bond has a strong track record of success, quickly launching the brand into several locations around Houston in just 4 years. George Joseph, CEO and Co-Founder was drawn to the brand in 2016 after hearing the story of its origin and connecting with the mission. George brings over 20 years of experience as CEO to the table and a passion for uniting people over the common bond that is food.  

George has assembled a team with impressive experience, with Chris Fannin serving as President - previously a Managing Partner at The Capital Grille CityCentre. Executive Chef Jason Gould was brought on board in 2019 and brings over 25 years of restaurant experience to Common Bond. 

Meet the Team

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George Joseph
CEO

As the Chief Executive Officer and owner of Common Bond Bakery Brasserie Bistro, George’s strategic vision has made Common Bond one of the fastest growing businesses in Houston. Due to his vision and commitment to a strong company culture, in 2019 and 2020 Common Bond won Houston Business Journal’s Fast 100 Award, in which he was also recognized as a 2020 Most Admired CEO honoree.

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Chris Fannin
President

As a seasoned restauranteur, Chris Fannin brings nearly three decades of extensive experience and industry knowledge as the President of Common Bond. Prior to Common Bond, Chris has worked in both independent and corporate restaurant environments encompassing fine dining, casual dining, and fast-casual dining concepts. During his career in the hospitality industry, he has successfully opened 20 restaurants. Chris’ collaborative leadership style, combined with an intense passion for providing genuine hospitality to his guests, creates an organizational culture that embraces growth, development, and recognition within his team members. He has a passion for wine and has obtained a Level One Court of Master Sommelier certification. He is a Texas native and enjoys cooking and traveling overseas.

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Jason Gould
Executive Chef

Gould has 30 years of dedicated, specialty restaurant experience ranging from the acclaimed Michelin-rated Mirabelle restaurant in London and subsequently as chef de partie at a five-star French restaurant in Tyrol, Austria’s Vital Dorint Royal Hotel. After a brief stint in New York, he started at ‘Aries’ in Montrose where he served as chef de cuisine for over two years before becoming the chef and co-owner of Gravitas. With a gift for producing honest and flavorsome dishes from first principles using the very highest quality produce; Jasonwas named Up-and-Coming Chef of the Year in 2006 by My Table, and cemented his position as ‘one to watch’ when he received its top honor in 2007, as Chef of the Year. Gould joined Common Bond in 2019 from the Tex-Mex world, with positions at Cyclone Anaya's and The Original Ninfa's Uptown. A native of Australia, he is a beloved and active member of the Australian community here in Houston.

Common Bond On-The-Go Coffee & Bakery will be opening at 3210 North Shepherd Dr, Houston, TX 77018, just a block from 610 North. 

The Garden Oaks neighborhood of Houston has become popular in recent years due to its charming classic homes, tree-lined streets, and proximity to Downtown and The Heights. With spacious lots and a median home price of $385,000, the upper middle-class demographic supports the price point of the premium quality menu items of Common Bond.

Located on the southeast corner of 34th and Shepherd, the prime location offers great street visibility, yet is walkable from nearby Graham Park, churches, and residences. Because many Garden Oaks residents commute to other parts of the city, the unique and convenient drive-thru is an attractive option for a quick breakfast or to grab dinner on the way home.

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  • May 2014 – First Common Bond location opens in Montrose
  • December 2016 – George Joseph purchases Common Bond with partner Jonny Carrabba
  • May 2020 – Opening of Common Bond On-The-Go drive-thru in The Heights
  • March 2021– Projected opening of Common Bond On-The-Go Coffee & Bakery in Garden Oaks


Bonus Rewards

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  • Limited Edition Custom Investor T-Shirt
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$1,000+

  • Limited Edition Custom Investor T-Shirt
  • Invitation +1 to an Exclusive Investor Private Event
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$2,000+

  • Limited Edition Custom Investor T-Shirt
  • Invitation +1 to an Exclusive Investor Private Event
  • Your name on the Engraved Investor Wall

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Robert
So if NextSeed deducts 2% from each payment, won't that make the return negative. 14% annual minus 2% X 12 payments = -10%?
William
NextSeed takes 2% of each payment (not 2% of the principal each month). So if you invested $1,000, the monthly payment for 48 months would be $27.33 and after the 2% fee you would get $26.78. Roughly this lowers your annual return on investment fro ...
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Issuer Statement

The information contained on this campaign page (the "Campaign Information") is furnished solely by the Issuer to prospective investors in the investment opportunity described herein. All Campaign Information is intended to be a summary of the terms and information contained in the Disclosure Statement and the Note Purchase Agreement, and is fully qualified by reference to those documents. In the event any Campaign Information conflicts with the terms of the Disclosure Statement or Note Purchase Agreement, the terms of those documents will control. The Issuer has provided the Campaign Information for inclusion on the website located at www.nextseed.com, and in no way will the Campaign Information be deemed to have been created or provided by NextSeed Securities, LLC, NextSeed Services, LLC, or their affiliates.