MATCHBOX FOOD GROUP
Matchbox generated sales of $57,082,355 over the 12 month period ending July 31, 2015, from 69,027 square feet of restaurant space as the creator and operator of the Matchbox, Tedโs Bulletin, and DC-3 brands. Matchbox is an American bistro with an upscale American menu prepared in their scratch kitchens. Tedโs Bulletin operates in the same polished casual space serving American comfort food and breakfast all day. The single DC-3 location is a small fast casual hot dog joint featuring regiona... l hot dog selection from around the country. The next phase for Matchbox involves adding restaurants in new markets as well as to its existing Washington, DC market. The Companyโs strategic plan calls for 36 Matchbox openings between 2015 and 2020, resulting in 42 Matchbox restaurants in addition to the existing Ted's Bulletin and DC-3 restaurants. To obtain capital to fund this expansion, Matchbox is offering $10,500,000 of 7-year subordinated notes paying an interest rate of 10.125%. The notes are junior only to bank financing and certain landlord positions, and are senior to the companyโs equity. The details of the subordinate notes are as follows: โข Coupon: 10.125% (quarterly interest-only payments) โข Term: 7 years โข Investment minimum: $5,000 โข Available only to accredited investors โข Callable after 3 years; 1% prepayment premium for each year before maturity date if called. Separate from the note offering, the Company is also raising $20,000,000 of equity to help fund the expansion. As of August 31, 2015, the Company had raised $15,885,000 of equity and was in discussions with potential investors about the remaining amount. For more information about Matchbox or its note offering, or to open an account to purchase the Matchbox notes, visit www.viafolio.com/matchbox. The information contained herein is provided by Matchbox Food Group.
MATCHBOX FOOD GROUP
Industry:
Hospitality Restaurants
Founded:
2003-01-01
Address:
Washington, District Of Columbia, United States
Country:
United States
Website Url:
http://www.matchboxfoodgroup.com
Total Employee:
1001+
Status:
Active
Contact:
202-289-4403
Email Addresses:
[email protected]
Total Funding:
525 K USD
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