Sanmiwago Company Development Overview
1. Entrepreneurial Background
As humanity enters the era of intelligence, the dining landscape undergoes significant changes, especially in the aftermath of the pandemic, leading to a major reshuffling of the restaurant industry. Artificial intelligence is increasingly applied in the restaurant industry, and the food delivery market expands further. With the recovery of the tourism industry and people gradually returning to normal life, there is a great business opportunity for affordable and intelligent restaurants, which are embraced by diners.
Asian cuisine, known for its affordability and quality, has always been popular among American diners. In 2022, a New York entrepreneur, a renowned figure in the Taiwanese culinary scene who had established hundreds of chain stores in mainland China and Taiwan, Mr Lee, founded the first San's dumpling shop in the food court of New York's Chinatown, receiving high praises from customers and being recognized by The New York Times as one of the top ten most economically delicious restaurants in the city.
In January 2023, the second chain brand store of San officially launched. Located at the bustling intersection of Bayard Street and Doyers Street in Chinatown, where people come and go every day, it was named one of the 30 most worthwhile late-night restaurants by MSN.
In December 2023, the third chain brand store of San & Bot opened on 53rd Street at Times Square and Broadway in New York. San innovatively integrated coffee AI into its model, providing substantial support for the AI company's successful listing on NASDAQ.
San's success attracted tourists from various countries and piqued the interest of high-ranking officials in the White House. In 2023, coinciding with the 70th anniversary celebration of the establishment of the Small Business Administration at the New York Stock Exchange on Wall Street, Isabella Casillas Guzman, the director of the Small Business Administration in the White House, visited Chinatown for the first time, officially touring San, praising its cuisine, inviting San executives to participate in the ringing ceremony at the anniversary celebration of the New York Stock Exchange, and highly commended San's successful business model during the meeting.
As 2024 arrives, San plans to open another 5 to 10 new restaurants. Currently, under renovation, the new locations include stores on 36th Street and 7th Avenue in Midtown Manhattan, as well as William Street in the Financial District of Wall Street.
2. Mission & Goals
Mission:
To establish a world-class restaurant chain brand, San aims to become a well-known Asian-flavored, simple, and comfortable restaurant in the United States, providing an excellent entrepreneurial platform for aspiring restaurateurs.
First Five-Year Goals:
Successfully empower over 200 San brand restaurants across the United States, with a presence in major airports, malls, service centers, large supermarkets, and communities.
Achieve a successful listing on NASDAQ within five years.
3. Sanmiwago Successful Model
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High-quality and affordable delicious food.
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Diligent and excellent modern professional management team.
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Leading technological capabilities in the industry.
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Superior restaurant locations.
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Affordable rental costs.
4. Equity Structure
The current equity structure of San's various stores (I think there was something missing here, please check and let me know)
5. Financing Plan
The company's short-term goal is to secure funding for the renovation and operation of its three stores on Sixth Avenue, Seventh Avenue, and Wall Street Financial District. Over the next two years, funding will be required for the establishment of approximately 20 new stores. Profit distribution will follow two methods: before and after the return of the principal investment. The estimated time for the return on investment is around 18 months.
Conclusion:
San, utilizing a scientific management model and staying at the forefront of restaurant technology, has achieved outstanding results in just two years. The company has attracted numerous like-minded investors and entrepreneurs, laying a solid foundation for expanding its chain stores across various states in the United States. The company aims for a successful IPO, promising substantial returns for investors and establishing itself as a world-class artificial intelligence restaurant management group.