Hi, are you all planning on remaining an LLC for tax purposes, and do you expect to be profitable any time soon?

Hi Lucas; the nature of our business requires us to remain an LLC. TSRC /Musaafer remains a profitable business month over month & the endeavor is to accelerate our debt payoff.

your raise scares me. what will you do if you don't raise much more. just cancel raise?

John, thank you for being one of our early investors and appreciate your trust in us. We remain on-track to open the NYC restaurant next year; thanks to the past and new individual investors. Our goal with crowdfunding is to extend the opportunity to the general public to own a piece of our company. We don’t foresee canceling this fundraiser on WeFunder, in fact we would like to keep coming back to crowdfunding platforms to fundraise for our future locations in LA, SFO and more. Thank you aga...

i am a vc as well. what is the avg price to open a location? i have alot of business investments in california. love to add to it asap. what timeline are you shooting for for california? is your goal just having your own locations,franchises or both?

Each new location has a build-out cost between 5-7 million $. Location & lease negotiations also play an integral part. Our plan is to open a new location every other year. LA is definitely on the map as the next location & property search will commence by Spring 2022 for a launch towards fall 2023. Our footprint is to have self owned & managed locations to remain in line with our vision. Focus is to have a corporate team responsible for expansions. Thank you again for your intere...

I have been to your Houston location and enjoyed the experience and location - what is the current monthly lease rate? Thanks!

Hi Mason; thank you for your patronage & we are happy you enjoyed your experience @ Musaafer ! Our brand philosophy has an equal emphasis on location as it has on food, presentation & interiors. This of-course comes with a tag, & you are well aware we are located in the most prestigious spot in uptown Houston , which keeps us in the eye of all residents & visitors. Going forward, New York location is again in the city's most influential residential neighborhood; bringing us cl...

how far is your restaurant from the houston airport?

Musaafer is approx a 40 minute drive from IAH .

The Spice Route Company

Globally recognised restaurants elevating Indian cuisine

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musaaferhouston.com

Houston, TX

Food & Beverage B2C Minority Founder Brick & Mortar Restaurant

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Fares interviewed The Spice Route Company on September 15, 2021. Play Video

Fares Ksebati

CEO of MySwimPro

Strengths

says, "Founders are focused on developing a mesmerizing Indian dining experience. I like the focused approach and revenue growth since launching in the midst of a global pandemic. I also like the attention to detail which includes seasonal menus and a strategic approach to opening new locations."

Advice

says, "Keep your focus on what's working. Your Houston location is growing, so look at what's performing well, and scale that to your next locations. Best of luck!"

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LEAD INVESTOR

Invested $100,000 this round

Mithu and Shammi started their quest from a small 30 seat Indian restaurant in Lagos Nigeria to Musaafer Houston, voted "World’s top 100 destinations 2021" by The Time magazine. I have known and watched them for the last 30 years; their dedication, hard work, perseverance and vision accompanied by astute business acumen, gives me immense faith and trust in their abilities. I am truly excited to partner with them in our journey towards becoming a highly acclaimed world-renowned restaurant group.

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