We want to thank our investors for helping us reach our maximum funding goal of $200,000!
We are closing the campaign early with a new closing date of 8/26. If the campaign is under the maximum goal, it will continue to accept investments until that time. Investors can cancel investments until 11:59 pm CST on 8/24.
Issuer
Family Meal Group, LLC
Type of Offering
Regulation Crowdfunding
Offered By
NextSeed Securities, LLC
| Offering Min | $150,000 |
| Offering Max | $200,000 |
| Min Individual Investment | $100 |
| Type of Securities | Term Note |
| Maturity | 48 months |
| Payments | Monthly |
| Security Interest | Term Notes |
| Ownership % Represented by Securities | 0% Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities. |
| Interest Rate | 17.5% |
| View the Issuer's SEC Form C filing | |
Hando anticipates that the total cost of the project will be approximately $450,000. The owners have committed approximately $225,000 in equity to date.
If Hando reaches the minimum raise amount of $150,000 on NextSeed, proceeds from the raise will be put towards the restaurant build-out, kitchen and bar equipment, opening inventory and other startup costs (e.g. signage and marketing). Anything raised above the $150,000 minimum and up to the $200,000 maximum will be further allocated towards the restaurant build-out, kitchen and bar equipment, opening inventory, other startup costs (e.g. signage and marketing) and labor.
Hando, a 24-seat sushi hand roll bar, is coming to Houston’s Heights neighborhood. From Houston native, Jason Andaya, owner of the city’s Family Meal Group, Hando will be an intimate, casual option for a healthful and fun lunch or dinner.
Emphasizing the taste and texture of sushi components at their simplest, hand rolls are made from single, hand-sized pieces of roasted seaweed filled with the highest quality rice and fish. Known as Temaki, hand rolls differ from standard sushi rolls in that they’re prepared individually per person — rather than Maki, the quintessential sushi preparation stateside where one long roll is cut into many smaller ones for several people. They’re made to be consumed quickly with the hands rather than chopsticks, making for a more textural, casual, and approachable sushi experience.
Hando will serve these high quality rolls in a cozy, rustic environment for both sushi aficionados and novices alike. Customers eating at the large U-shaped bar will receive speedy service, with seasonally-driven hand rolls coursed out one piece at a time. Guests can also enjoy select small plates from the kitchen and the full bar will offer cocktails made with mostly Japanese spirits and flavors, along with beer and sake.
After working in restaurants for most of his life, managing food and beverage and sales for Marriott and opening concepts during an eight year stint in Los Angeles, Jason Andaya is excited to return to his hometown of Houston and contribute something new to its already nationally-renowned food scene. Along with his childhood friend and East Downtown bar owner, Raymond Chan, Andaya settled on sushi hand rolls, a concept he noticed increasing in popularity throughout his time in California.
Like eating at a counter hidden in the middle of a Japanese fish market, Hando aims to bring an outstanding rendition of an underrepresented cuisine to The Heights.
The Opportunity
Sushi hand rolls have been a growing national trend, popular across the US for their efficient presentation and focus on quality ingredients. In an article previewing the opening of Hando, Eater Houston even suggested hand rolls are the new poke earlier in the year, giving a glimpse at this sushi trend’s potential for mass appeal, and Forbes declared them the country’s hottest lunch trend in mid-2018.
With a fall 2019 opening slated, Hando has already received plenty of attention from local press outlets, driving up anticipation for the forthcoming venture. Eater Houston, Houstonia Magazine, and CultureMap Houston all covered the restaurant’s announcement, promising updates and future coverage as more is revealed. No doubt the local Houston owners, Andaya and Chan, are part of the appealing story, and Chan’s existing Houston venture — East End Hardware, a bar located in an old hardware store in Houston’s up-and-coming East Downtown area — has increased the profile of this opening too.
Hando will be a new kind of neighborhood restaurant for the area, novel in its cuisine, as well as its approachable and affordable take on sushi hand rolls. Its first come, first served seating model will make it a uniquely hot ticket in an area of the city known for exceptional eateries, and Hando’s tightly curated menu and efficient service model will ensure it is as cost-effective as possible.
Business Operations/Cost-Savings
In order to preserve their ability to afford the highest quality ingredients, Hando is being run with the mentality of being a temple of efficiency. The team plans to realize cost savings by implementing operational procedures garnered from past business experience.
Revenue Streams
Open for both lunch and dinner seven days a week, Hando’s primary revenue will come from its food sales.
The Menu
Hando’s Temaki, or sushi hand rolls composed of roasted seaweed, warm rice, and a protein, will be available to purchase either individually a la carte or coursed in flights of 3, 4, or 5 rolls. Some of the standout proteins include salmon, scallop, crab, and tuna, as well as vegetarian options like beets and mushrooms. Additional menu items, such as fried rice and shishito peppers, will also be available. All menu items will have a focus on seasonality, rotating as products and ingredients become available, and will use fresh ingredients that are sourced locally as much as possible.
The full bar will feature Japanese spirits, sake, and beers. Sake will be available both hot and cold, filtered and unfiltered, and there will be house specialty cocktails using mostly Japanese spirits. Non-alcoholic options, such as green tea, sodas, and house mocktails, will also be available.
The Atmosphere
Designed by local Houston architecture firm, JT ARC Studio, Hando’s dining room in The Heights will be a naturally lit and airy environment centered around the main seating area: the bar. With all of the available seats located around the chef’s preparation area, guests can watch every hand roll being made right in front of them. With only the bar as a barrier between guest and chef in this small space, there will be natural energy and plenty of organic conversation to make the 1,200 square foot space both intimate and organized.
The Team
Jason Andaya, a UH and Rice graduate, wanted to return to his hometown after building a successful career in California and contribute to the fabric of Houston's fantastic food scene.
Raymond Chan, Andaya’s childhood friend and business partner in Hando, is the owner of East End Hardware, an East Downtown Houston bar.
The Heights is an increasingly popular neighborhood for Houston’s affluent young professionals, who are always keen to try new experiences and make up a large portion of Hando’s target audience. The area has become known as the city’s destination for foodies with its burgeoning restaurant reputation. Despite its wealth of options when it comes to food, it is still lacking a strong Japanese presence. To be located just four blocks from Heights Boulevard, which bisects the neighborhood with a popular commercial strip, Hando will be close to the action while still being removed from the bustle — and still less than 15 minutes from the center of downtown Houston.
Jason worked for Marriott International as a manager in sales and food and beverage, and was most recently operating partner and GM of Rock & Reilly’s DTLA. Using his previous experience in the food and beverage industry, Jason will establish and meet company financial objectives, analyze variances, and initiate corrective actions. He oversees the operation for both the front and back of the Restaurant. Jason is a gifted communicator and charismatic leader. He has an MBA specializing in marketing from Rice University, and a bachelor’s degree in hospitality management from the University of Houston.
Raymond started his industry experience in 2010 with a Bavarian beer bar concept in Midtown Houston known as Bar Munich. As owner-operator of Bar Munich, he was responsible for daily operations and the overall success of the business. In 2016, he opened a rustic hardware themed neighborhood bar in East Downtown known for alcoholic snow cones. With a double major in Accounting and Finance from the University of Houston, Raymond will be focused on the financial well-being of the restaurant.
Bonus rewards are offered by the Issuer purely on a voluntary basis and do not influence the terms of the Offering. For the avoidance of doubt, the bonus rewards are not contractual conditions governed by the Note Purchase Agreement and are not enforceable under the Note Purchase Agreement.
Disclosure Statement
Note Purchase Agreement
* Payment for any given month (including the total payment at the end of the final month) indicates the cumulative amount contractually required to be paid to an investor after the end of that month, assuming the loan is not prepaid. This calculation is a mathematical illustration only and may not reflect actual performance. It does not take into account NextSeed fees of 2% on each payment made to investors. Payment is not guaranteed or insured and investors may lose some or all of the principal invested if the Issuer cannot make its payments.
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