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Chi-Chi's, a once-popular Mexican chain, plans a 2025 relaunch in Minnesota through crowdfunding.
Chi-Chi's, a popular Mexican restaurant chain from the 1980s that closed in 2004, plans to relaunch in Minnesota in 2025.
Michael McDermott, the founder's son, will use crowdfunding on StartEngine to raise $3.5 million, allowing investors to buy equity with a minimum investment of $250.
The funds will help open a new location in St. Louis Park and develop a franchise program for expansion in the Midwest and East Coast.
Chi-Chi's had over 200 locations at its peak but closed due to competition, expansion issues, and a hepatitis A outbreak.
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Chi-Chi's, una cadena mexicana que alguna vez fue popular, planea un relanzamiento 2025 en Minnesota a través del crowdfunding.