MATCHBOX FOOD GROUP

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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, Tedโ€™s Bulletin, and DC-3 brands. Matchbox is an American bistro with an upscale American menu prepared in their scratch kitchens. Tedโ€™s 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 Companyโ€™s 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 companyโ€™s equity. The details of the subordinate notes are as follows: โ€ข Coupon: 10.125% (quarterly interest-only payments) โ€ข Term: 7 years โ€ข Investment minimum: $5,000 โ€ข Available only to accredited investors โ€ข 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.

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MATCHBOX FOOD GROUP

Social Links:

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

Technology used in webpage:
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Current Employees Featured

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MaryAnn Fulco
MaryAnn Fulco Vice President @ Matchbox Food Group
Vice President

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Drew Yung-Kyu Kim
Drew Yung-Kyu Kim Executive Vice President @ Matchbox Food Group
Executive Vice President

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Stephen Lyons
Stephen Lyons Vice President of Culinary Operations @ Matchbox Food Group
Vice President of Culinary Operations

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Mark Neal
Mark Neal President and Founder @ Matchbox Food Group
President and Founder

Founder


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Mark Neal

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Ty Neal

Official Site Inspections

http://www.matchboxfoodgroup.com

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