Simbongsa

About the offering

Simbongsa is a Korean fast-service restaurant and donut shop located in Dublin, California, that opened its first American location in 2024 after originating in South Korea. The business specializes in Korean street foods, including croquettes made with glutinous rice flour imported from Korea to achieve a mochi-like dough texture, as well as twist donuts, specialty hotdogs, cheese sticks, mochi donuts, and glazed donuts. The restaurant currently operates in a quick-service, limited-seating format with outdoor seating and has been featured in Eater SF as a notable new business in 2024. Simbongsa is woman-owned and emphasizes authentic preparation techniques and traditional regional ingredients to differentiate itself in the specialty food market. The business is actively evolving its model, with plans to transition a new location into a full-service indoor cafe featuring an extensive Korean beverage and shaved ice menu. Additional growth plans include opening two to three more locations in the Bay Area, launching mobile food operations, participating in pop-up events and food markets, and expanding catering services. Funds raised through this Regulation CF debt offering will be used to purchase new equipment, consolidate existing debt, and fund renovation and improvements for a new location, with each category receiving approximately one-third of the proceeds. The loan carries a 14% interest rate over a 60-month term, with a funding goal range of $10,000 to $30,000.

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