Expanding an updated concept for a popular restaurant franchise to Memorial in Houston, TX
Proven operating team behind a flagship location
Texas-based restaurant chain since 1981
Texadelphia Memorial has hit its maximum goal and is closing its offering early, with a new closing date of January 17, 2020. If Texadelphia Memorial is under its maximum funding goal, it will continue to accept investments until the new closing date. Investors have the option to cancel their commitment until 11:59pm CST on January 15, 2020.
Issuer
Apex Memorial, LP
Type of Offering
Regulation Crowdfunding
Offered By
NextSeed Securities, LLC
| Offering Min | $125,000 |
| Offering Max | $150,000 |
| Min Individual Investment | $100 |
| Raised to date | $150,000 |
| Type of Securities | Term Note |
| Annualized Interest Rate | 15% |
| 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. |
| View the Issuer's SEC Form C filing | |
2NextSeed charges a percentage of the total Offering Amount (10% if the Offering Amount is $150,000 or less) as compensation for its services provided in connection with the Offering; provided that NextSeed will only charge 5% of the amount raised from investors that were introduced to the NextSeed website by the Issuer.
Texadelphia Memorial is one of several new and improved versions of a favorite Texas restaurant franchise. Since 1981, Texadelphia has been cooking up a Lone Star-version of the classic cheesesteak, adding signature elements like jalapeños, mushrooms, and of course – a whole lot of queso.
Reimagined by Jeremy Sanders and Kenny Owen, Texadelphia Memorial (along with the locations in Galveston and Katy) will combine the atmosphere of a sports bar with the popular time-tested food of Texadelphia. Featuring over 30 TVs to catch your favorite sports, this new location - 5,000 sq ft of space - is custom built to be the perfect family-friendly neighborhood sports lounge and restaurant.
By leveraging a well-known restaurant brand in order to create a new type of franchise location, Jeremy Sanders and Kenny Owen are combining the tried and true cuisine of Texadelphia with a fresh business model, focused on growing bar sales and increasing the frequency of customer visits.
The sports bar atmosphere will provide a go-to game watching destination for area residents, one that is lively, social, and family-friendly.
After proving out the model with the successful Galveston location, Summit Interests (the holding company owned and operated by Jeremy Sanders and Kenny Owen) is expanding rapidly into several new markets, including the Houston suburb of Katy.
Texadelphia specializes in multiple versions of its popular cheesesteak, but also serves up a variety of other menu items, including wings, burgers, salads, and wraps.
In addition to the food, Texadelphia Memorial will feature a full bar, margaritas, and cold beer on tap.
Texadelphia Memorial is truly a re-imagining of what a Texadelphia can be. More than just a great spot to grab a satisfying meal, it will be a destination gathering spot for friends, families, and co-workers. With plenty of TVs for game watching with a frozen margarita or ice cold beer, this newly constructed location has been designed from the bottom up to be a go-to spot for the weekday, weekend and nightly crowds.
The team of Jeremy Sanders and Kenny Owen is currently the largest Texadelphia franchisee. In addition to the Memorial location, Sanders and Owen also operate successful locations in Galveston, TX as well as the Champions location in Northwest Houston.
Sanders and Owen are closely aligned with their partners at Texadelphia Franchising and are in active discussions with the corporate team to expand their footprint in the near future, continuing to replicate the successful operations at the currently operating locations.
Kenny is an investor and entrepreneur and enjoys serving in the Houston community as a board member of St. Francis Episcopal School, the Houston Dynamo Charities and the Mercury Orchestra. Kenny received his MBA from Wharton at the University of Pennsylvania and holds a BS and BA from Cornell University.
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.
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