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Molfar 1A
Equity
Taste nature’s bounty in its purest form with Brussels’ rising star of fine dining
Molfar is a premium chef-table restaurant with 2 types of services:
1. Day service: Offering a refined dining experience tailored for daytime engagements, our establishment caters to business lunches and casual meetings with peers. We pride ourselves on delivering gourmet dishes at accessible price points, merging the sophistication of fine dining with the ease of casual encounters.
2. Evening Service: We elevate our evening offerings with an exclusive chef's table experience. Guests are presented with curated sets of exquisite dishes, each meticulously paired with complementary spirits to enhance the culinary journey. This premium service underscores our commitment to delivering unparalleled gastronomic encounters for discerning patrons.
A cornerstone of our strategy is to prioritize seasonal ingredients sourced from local producers. This ensures our inventory is lean and fresh, with most products used on their delivery day.
The chef's table format of our restaurant offers flexibility, allowing us to frequently update our menu. This adaptability lets us work with a wide range of suppliers, ensuring that we efficiently manage our costs, targeting a consistent food cost margin of 35%.
Beyond food-related expenses, our primary financial obligation pertains to direct staff payroll. Given the consistent capacity of Molfar, we've standardized our staffing requirements to ensure operational efficiency throughout the years. Our team composition is as follows:
1 Executive Chef
1 Sous Chef
4 Culinary Assistants
5 Waitstaff
2 Janitorial Staff
1 Operations Manager
1 Mixologist/Bartender
The restaurant sector, characterized by its competitive nature in terms of employee recruitment and retention, positions us advantageously. We are committed to offering compensation packages that are both competitive and reflective of industry standards, ensuring stability in our salary expenditures.
Financial Forecast
We aim to officially launch Molfar in April 2024, with the goal of reaching our full operational capacity by October 2024, taking into account seasonal trends as detailed in the table above. Thanks to our smart inventory and staffing strategies, we expect to turn a profit in our first year of operation. Moreover, we aim to hit our desired net income margin by the end of 2025.
Funding
We've made a significant initial investment of nearly 160,000 EUR, allocated as follows:
Planning Materials: Our teams spanning architecture, design, and kitchen planning have completed all foundational work. Essentially, we've realized the vision of our restaurant both on paper and in a comprehensive 3D model, complete with all requisite specifications.
Premises and Legal Commitments: The rental agreement has been formalized, accompanied by an upfront payment. Concurrently, we've secured all necessary legal permissions to facilitate our restaurant's operations.
Initiation of Renovations: We've commenced the refurbishment process, laying the groundwork for our envisioned establishment.
For our forthcoming investment phase, we are targeting a fund infusion of 800,000 EUR. The proposed allocation of these funds is as follows:
Kitchen Infrastructure (50%): We have formalized a collaboration with a leading manufacturer of professional kitchen apparatus. With the design blueprint already in place, we have a clear understanding of the specific equipment requisites to bring our kitchen to operational readiness.
Lighting Systems (6%): We've secured an agreement with a specialized producer of professional lighting solutions. The lighting design has been finalized, detailing the specific fixtures and placements required to create the desired ambiance.
Ambient Design - Interior & Exterior (31%): This allocation covers the aesthetic refinement of our main dining space, inclusive of high-grade furniture acquisitions and other design elements to ensure a premium dining experience.
Miscellaneous Capital Expenditures (5%): This encompasses a range of ancillary assets, such as administrative technology (e.g., laptops), staff uniforms, and other sundry items integral to daily operations.
Initial Operational Capital (8%): Dedicated to facilitating a smooth operational launch in April 2024, this provision covers initial inventory procurement, the inaugural month's salary disbursements, and other legal and administrative expenses.
TAX SHELTER
45%
Investments in this company benefit from a 45% personal income tax reduction. Read more…
A remaining amount of €498,500 is available for the Tax Shelter benefit.
Fact sheet
Advised by a professional start-up advisor
Valuation is set by the co-investor or incubator
Co-investor or incubator will be members or observers to the board
At the closing, an incubator, accelerator, or studio will have shares
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares
Emits less than 3.7 t of CO2 per year, per employee
Raised €10,000 during a private phase
At the closing, a professional co-investor will have invested at least €25,000
Prior fundraising in equity or convertible loan with 10 or more investors
Seasoned entrepreneurs
Considered “compliant” on the assessment tool of Tapio
Minimum 2 active entrepreneurs
Valuation set by an organisation specialized in valuations of comparable size
Valuation is less than €1 million or 10x last year’s turnover
