California Tacos, Inc.

No preservatives, no substitutes, no corners cut – just healthy, clean ea...

California Tacos, Inc.

No preservatives, no substitutes, no corners cut – just healthy, clean ea...

Middletown, DE
Food & Beverage
At our core, we are a fast casual Southern California-inspired Mexican restaurant with a fresh and simple menu. Through our diversified business model, we are able to participate in the wildly popular fast-casual restaurant concept, a consumer product goods distribution channel with proven flavor profiles, and a disruptive mobile app technology offered to all independent restaurants for a low fee to keep them competitive in an ever changing market.

$32,865

raised
42
Investors
$15M
Valuation
$1.88
Price per Share
$248.16
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$32,865

raised
42
Investors
$15M
Valuation
$1.88
Price per Share
$248.16
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into California Tacos, Inc.:

$248+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$250+
Investment
Tier 1
$25 food credit + Access to special discount codes and promotions.
$500+
Investment
Tier 2
5% bonus shares + $75 food credit + bottle of Bandito Sauce + Access to special discount codes and promotions.
$1,000+
Investment
Tier 3
7% bonus shares + $100 food credit + bottle of Bandito Sauce + California Tacos T-Shirt + Access to special discount codes and promotions.
$2,500+
Investment
Tier 4
10% bonus shares + $150 food credit + California Tacos hoodie + variety case of Bandito Sauce + Access to special discount codes and promotions.
$5,000+
Investment
Tier 5
12% bonus shares + $250 food credit + Bandito T-shirt + California Tacos hoodie + variety case of Bandito Sauce + One year 25% discount (up to $1,000 net) + Access to special discount codes and promotions.
$10,000+
Investment
Tier 6
15% bonus shares + $150 food credit + California Tacos hoodie + Bandito Sauce T-shirt + California Tacos T-shirt + One year 50% discount (up to $1,500 net) + Access to special discount codes and promotions.

Reasons to Invest

We employ a diversified business model in three different sectors, (fast-casual restaurant with California Tacos, Consumer product goods with Bandito Sauce, and a propiterary mobile app tech with Bag-it-to-go).
We have a proven cuisine concept in three high-growth sectors, a scalable business model, and a track record of executing on initiatives.
We have an established intellectual property portfolio.

Overview


California Tacos, purveyors of quality homemade southern California style Mexican food is who we are. We developed our unique recipes to deliver a simple, fresh, and consistent menu.


Although we offer a fast-casual dining experience, all of our tortillas are homemade from scratch and stuffed with real ingredients that are delivered fresh daily.


No preservatives, no substitutes, no corners cut – just healthy, clean eating. Our simple and delicious menu offered at affordable prices is the foundation of our business.


California Tacos, Inc. is the parent company of California Tacos Fresh & Casual Mexican Restaurants, Bandito Sauce, and, The Bag it to Go Mobile App.


THe PROBLEM


Southern California Mexican Cuisine is Limited Regionally

Southern California Mexican fast-casual cuisine is wildly popular, yet scarce, outside of its home region. Not enough fast casual restaurants offer fresh ingredients, daily homemade tortillas, or a wide enough variety of vegan and vegetarian options. 

In addition, there are many outstanding culinary free-thinkers who range from Chef’s to back of the house kitchen cooks that represent a new generation of innovative creators  making delicious sauces in the style of our cuisine that have challenges with scale as a stand alone and no way of getting their products packaged and distributed. 


THE SOLUTION


Building New Ways to Expand Our Food's Reach

We are using a three-pronged approach to expand the reach of Southern California fast-casual cuisine: 

  1. Our California Tacos restaurants

  2. Our Bandito Sauce distribution platform

  3. Bag it to go, our mobile app




California Tacos Restaurants

Since late 2019 we have opened locations in Middletown, DE, Ericeira, Portugal, and a Taco Truck in Cascais, Portugal. 


Our restaurants operate at a projected net income of 20%. EU operations are seasonal as California Tacos is in a beach resort town. The Taco Truck is also seasonal, and we make 5% of all revenue generated from the gross sales of the truck via a licensee. 



Bandito Sauce Distribution Network

Through our Bandito Sauce platform, brilliant culinary creators worldwide have a shot at getting their recipes packaged and distributed via our Bandito distribution network. We have just completed production on our first flavor, Pinch of Pineapple, with Mango & Lime following closely behind. 


Our distribution strategy includes: 

  • On-premise restaurant accounts, with sauces shipped to California Tacos restaurants in Portugal and the US. 

  • Direct to consumer sales via online and social media channels. For these sales, we use small warehouse picking and packing, with fulfillment out of Elizabeth City, NC. 

  • Amazon and Amazon Prime availability, where we will utilize Amazon for warehousing, pick, pack, and fulfillment through their FBA program. 




In our partnerships with sauce creators, we offer royalty payments of 5% on net revenue for their sauce recipes. After ten years, royalty payments reduce to 3%. In addition, after 3 years of royalty payments, Bandito has the right to trigger a buyout based on three-year trailing royalty payments. 



BitGo Mobile App

“Bag it to Go'', aka BitGo, is a proprietary mobile app offering an unparalleled range of services including contactless take-away, delivery, and in-restaurant guest management features.



We designed this app to help independent restaurants compete with big players. It has the ability to be white labeled and will be  available on both Apple and Android devices. 


THE MARKET


Bringing Our Cuisine to Multiple Growing Markets

The fast casual restaurant market size was valued at $125.6 billion in 2019, and is expected to reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027. 


Meanwhile, the total global culinary sauces market size is projected to reach $55.31 billion by 2027, exhibiting a CAGR of 3.3% during the forecast period. 

The global hot sauce market attained a value of $4.31 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 5.3% to reach $5.8 billion by 2026. 


OUR TRACTION


Expanding Restaurants, Sauces in Production, and an App in Beta

Since late 2019 we have opened locations in Middletown, DE, Ericeira, Portugal, and a Taco Truck in Cascais, Portugal. We have a new location identified in Gulf Breeze Florida to open in late 2021 and two indications of interest from prospective franchisees in New Smyrna Beach, Fl., and Dewey Beach, DE. 



We also developed Bandito Sauce with our first production run of “Pinch of Pineapple” delivered in December 2020. It is currently being sold in California Tacos, DE. We are in production of our second flavor “Mango & Lime” which is due to be released in early August 2021. 



We developed a proprietary mobile App, Bag-it-To-Go, which is currently in Beta and on the Apple and Android marketplace. It is a full service mobile App which can be whitelabeled and provides delivery management, take-away, and in-store restaurant guest management for a 100% contact-less experience. 


WHY INVEST


A Proven Cuisine Concept with a Scalable Business Model 

Our mission is to bring the bold, exciting flavors of Southern California Mexican cuisine to wider audiences. Using a diversified business model across restaurant, tech, and consumer brand spaces, we offer three opportunities in three different sectors:

  1. Our restaurants, where we have created an authentic Southern California fast-casual experience franchise interest in the US and EU with like-minded partners. 

  2. Our Bandito Sauce platform, where we will provide culinary creators from around the world with an opportunity to distribute their recipes. 

  3. Our Bag It To Go app, where we will partner with other restaurants to allow for an easy and affordable path for smaller restaurants to compete with modernization. 


Join us as we bring Southern California Mexican cuisine to the rest of the world. 


Offering Summary


Company

:

California Tacos, Inc.

Corporate Address

:

400 S. Ridge Ave., Middletown, DE 19709

Offering Minimum

:

$9,999.72

Offering Maximum

:

$1,069,998.24

Minimum Investment Amount

(per investor)

:

$248.16











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,319

Maximum Number of Shares Offered

:

569,148

Price per Share

:

$1.88

Pre-Money Valuation

:

$15,040,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive additional 15% bonus shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% bonus shares.

Amount-Based:

$250 | Tier 1

$25 food credit + Access to special discount codes and promotions.

$500 | Tier 2

5% bonus shares + $75 food credit + bottle of Bandito Sauce + Access to special discount codes and promotions.

$1,000 | Tier 3

7% bonus shares + $100 food credit + bottle of Bandito Sauce + California Tacos T-Shirt + Access to special discount codes and promotions.

$2,500 | Tier 4

10% bonus shares + $150 food credit + California Tacos hoodie + variety case of Bandito Sauce + Access to special discount codes and promotions.

$5,000 | Tier 5

12% bonus shares + $250 food credit + Bandito T-shirt + California Tacos hoodie + variety case of Bandito Sauce + One year 25% discount (up to $1,000 net) + Access to special discount codes and promotions.

$10,000 | Tier 6

15% bonus shares + $150 food credit + California Tacos hoodie + Bandito Sauce T-shirt + California Tacos T-shirt + One year 50% discount (up to $1,500 net) + Access to special discount codes and promotions.

*All perks occur when the offering is completed.

The 10% StartEngine OWNer's Bonus

California Tacos will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.88 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$83,420.13 USD
$170,000.00 USD
Cash And Cash Equivalents
$18,485.89 USD
$10,841.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$4,014.99 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$53,253.70 USD
$28,381.00 USD
Costs Of Goods Sold
$24,958.36 USD
$9,033.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
$122,843.00 USD
$120,783.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

**BIG UPDATE** - CALIFORNIA TACOS, INC. ANNOUNCES PLANS TO ACQUIRE ON PLATE MOBILE APP

3 days ago

Hello All,

We are excited to announce that we entered into a binding letter of intent to acquire OnPlate technologies. OnPlate is a mobile app-based technology that offers a one-of-a-kind concierge, waiter, menu, and payment processor, all wrapped into one easy-to-use app. 

This acquisition allows us to merge our Bag-it-to-go app technology we were in development on with OnPlate'ss already established platform allowing us to immediately advance our digital strategy with a completed go-to-market solution before year-end! Going forward will operate all digital initiatives under the OnPlate banner. We are scheduled to close the transaction by the end of October. Here is a link to the press release and the OnPlate website. 

Press release: https://www.businesswire.com/news/home/20210928006163/en/California-Tacos-Inc.-Announces-Plans-to-Acquire-OnPlate-Mobile-App

OnPlate Website: https://www.onplate.app/

In other news, we have been making steady progress on the raise and have a new marketing campaign coming out later in the month as well. We will have another update once we have closed the transaction. Thank you for the continued support!

Regards,

Robert -

Notice of Funds Disbursement

11 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, California Tacos, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in California Tacos, Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

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