# Texadelphia Katy

Closed: Jan. 2020

## About this raise

Texadelphia Katy, a new and improved version of Texadelphia franchise in Katy, is raising funds on NextSeed. The upcoming restaurant will combine the popular food of established Texadelphia restaurant with a sports bar atmosphere. Texadelphia Katy is set to have 30 TV screens, in addition to a full bar and sky lounge. Texadelphia Katy is owned by Jeremy Sanders and Kenny Owen, who have already successfully established the Galveston location. The proceeds of the current crowdfunding round, with a minimum target of $125,000 and a maximum target of $150,000, will be used for construction costs and operating expenses. Texadelphia Katy comes from the legacy of Texadelphia restaurant chain, established since 1981, with 15 locations across Texas and Oklahoma.

## Investment Overview

**Invested this round:**
$150,000

### Deal Terms

#### Total Commitments

**Platform:** NextSeed  
**Start Date:** 11/14/2019  
**Close Date:** 01/23/2020  
**Min. Goal:**  $125,000  
**Max Goal:**  $150,000  
**Min. Investment:**  $100  
**Security Type:**  Debt  
**SEC Filing Type:**  RegCF  
**Interest Rate:**  15.00%

### Company & Team

#### Company

**Year Founded:** 2018  
**Industry:** Food, Beverage, & Restaurants  
**Location:** Houston, Texas  
**Company Website:** [Visit Website](https://www.texadelphia.com/)

#### Team

**Employees:** 2  
**Founder Name:** Jeremy Sanders  
**Title:** Co-Owner  
**Founder Name:** Kenneth Owen  
**Title:** Co-Owner

## Financials

**Revenue**  
$0  
as of FY18  
**Cash on Hand**  
$0  
as of FY18

#### Summary Profit and Loss Statement

|  | FY 2018 | FY 2017 |
| --- | --- | --- |
| Revenue | $0 | $0 |
| COGS | $0 | $0 |
| Tax | $0 | $0 |
| Net Income | $0 | $0 |

#### Summary Balance Sheet

|  | FY 2018 | FY 2017 |
| --- | --- | --- |
| Cash | $0 | $0 |
| Accounts Receivable | $17,301 | $0 |
| Total Assets | $40,062 | $0 |
| Short-Term Debt | $0 | $0 |
| Long-Term Debt | $0 | $0 |
| Total Liabilities | $0 | $0 |

## Company Funding & Growth

### Funding history

| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
| --- | --- | --- | --- | --- | --- | --- |
| 01/23/2020 | NextSeed | - | $150,000 | Debt | Funded | RegCF |

Texadelphia Katy Deal Report

Get Kingscrowd's comprehensive report on Texadelphia Katy including:
- How our proprietary algorithm rates their current capital raise (1-5 stars)
- Detailed price, market, team, differentiators, performance, and risk ratings
- Whether Texadelphia Katy is undervalued or overvalued
- Scores on the founding team and key personnel's background and expertise.