Local restaurants are trying to raise $ 850,000 to drive expansion – Eye Witness News

Nassau, Bahamas — Tropical GyroCarib-Greek Fusion Takeout Restaurant is the latest company looking to raise money on the Arawak X crowdfunding platform, aiming for local and ultimately international expansion.

The company seeks to raise $ 850,000 with the aim of expanding its bases in Carmichael, Cable Beach and the Prince Charles area to establish a production and distribution center. The current only location for tropical gyros is Rosetta Street.

Chef Kevin “KC” Kalmer, The founder, CEO and executive chef of Tropical Gyro was founded in 2015 with tenacity and patience, as well as strong support from his team and the general public when launching the company at Arawak X. Said the company was able to survive.

Culmer, 60, who has about 30 years of experience in cooking and running restaurants, said:

“We got over the pandemic.

“We were successful thanks to tenacity, patience, and the support of my team and the general public.”

The company currently employs 10 full-time and 2 part-time employees.

He added: “We are confident in our products and our vision is there.

“There is a desire and passion that I have to see through. I eat, sleep and breathe tropical gyros.

“It’s not an easy path, it’s not an easy one, but I’m very devoted to seeing this and arranging the right people to see it.”

Kalmer said he hopes that the tropical gyro will be the first Bahamian restaurant brand to become a franchise and that it needs to be first “understood” in the domestic market and expand internationally. ..

“I’ve seen the Bahamas bring international franchises to the Bahamas many times. We have a lot of talent and a lot to offer to the world,” says Kalmer.

He added that the company wants to model a franchise service with Chick-Fil-A turned off at a lower initial cost.

Details of the company posted on the ArawakX platform state: In the first year of the business, the company made a profit of $ 13,000, and seven years later, the company made $ 2.3 million in sales.

The company is also said to have averaged $ 600,000 in annual sales on Rosetta Street, surpassing other gyro businesses in the business district and surpassing the COVID-19 restrictions imposed. Local restaurants are trying to raise $ 850,000 to drive expansion – Eye Witness News

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