HQ: New York, NY
Leadership: Brian Mommsen
Website: meetresident.com
Opportunity: There are more than one million restaurants in the U.S. and the industry has historically experienced low success rates with 60% of restaurants failing within one year of opening. Restaurants that overcome those odds then face low margins, with high-end restaurants operating at 3-5% margins and low salary pressure for even Michelin Star chefs.
Vision: A platform that connects chefs, real estate operators, and consumers to create premium, experiential culinary events. Resident partners with top-tier chefs to host intimate, personalized-events at high-end locations, providing them the resources and infrastructure in addition to the opportunity for significant supplementary income and brand building. Coupling chefs and events with Resident's real estate partnerships also helps Resident’s clients gain access to underutilized spaces rent free. This in turn serves as a marketing opportunity and can increase residential retention for the building as well.
Status: Active
