Chi Chi's Restaurants
OperatingChi Chi Restaurants, Inc.
Food & Beverage · Hopkins, ME
Chi-Chi’s is relaunching with two Minnesota sites and a franchise model designed for scalability, with plans to explore national expansion.
Financials
FY2022–FY2025 · from SEC filings · hover any figure for its sourceFigures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps markedA dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Team
4 people
As the founder and former CEO of Kona Grill, Michael successfully led the company from its inception to raising $30 million through an IPO. His portfolio also includes the creation of concepts like Tavern23, Rojo Mexican Grill, and Sushi on Shea. Michael’s deep industry knowledge and passion for innovation, position Chi-Chi’s for success in its new era.
Mr. Butorac is currently the Chairman and Co-CEO of Marco's Pizza with over 1000 units across the United States. Mr. Butorac has more than 40 years of restaurant industry experience and specializes in helping high-quality brands grow and succeed. Mr. Butorac was the former President and CEO of Tumbleweed Southwest Grill, Senior Vice President of Operations for Fuddrucker’s and Vice President of Chi’Chi, Inc.
Mr. Kramp was the original VP of Food and Beverage for Chi-Chi’s, Inc. and was instrumental in the development of the menu and systems. Mr. Kramp has been a leader in the food industry since his days with Chi-Chi’s. Mr. Kramp was CEO of Sizzler USA, Inc. overseeing over 300 stores. Mr. Kramp was the CEO of Buffets Inc., growing the business from a couple stores to over $1 Billion in sales.
Mr. McDermott is the Co-Founder and former Chairman/President of Chi-Chi’s, Inc. Mr. McDermott was a leader in the restaurant industry for over 40 years, and was responsible for the growth of four national chains. Mr. McDermott was the former Chairman/CEO of Fuddrucker’s, and Chairman/President of Two-Pesos, Inc. and Zapata, Inc. Mr. McDermott is excited to work with his son in bringing Chi-Chi’s back.
Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.
Reg CF annual-report compliance
Filed 2 of 2 annual reports (FY2024–FY2025)
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
- Form C-ARApr 21, 20260002056316-26-000004EDGAR
- Form C-UNov 13, 20250002056316-25-000002EDGAR
- Form C/AAug 20, 20250001665160-25-001377EDGAR
- Form C/AMay 14, 20250001665160-25-001097EDGAR
- Form C-ARApr 25, 20250001665160-25-000767EDGAR
- Form C/AMar 7, 20250001665160-25-000393EDGAR
- Form C-UMar 3, 20250001665160-25-000341EDGAR
- Form CFeb 24, 20250001665160-25-000304EDGAR
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.