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What the business is about?
Since its official inception as an organization on the 10th of April 2013, the Werner's Group (Rhine River Sdn Bhd) was formed to manage several of the most popular restaurants and bars in KL .
"Hi, I am Werner! With more than 40 years of experience in corporate large-scale commercial kitchen & catering operations, I decided to establish a gastronomy company in Kuala Lumpur City going from corporate back to my roots as a classically trained chef in 2005.
Since opening of Elcerdo KL in 2005, our Restaurant Group has been receiving numerous Awards in various Categories such as “Best Western Restaurant of the Year”, Best Wine List of the Year, and many more accolades by Malaysian Publications such as Tatler Malaysia, Hospitality Asia Platinum Awards, Time Out KL and more. We are consistently ranked in the Top 10 out of 5000+ restaurants on Tripadvisor Kuala Lumpur.
In numbers, our accumulated Gross Revenue 2015-2020 was exceeding MYR 20 Mil annually with a Gross Profit Margin of 15% averagely.
15 years down the line and 6 successful specialty concept restaurant openings later, we are gearing towards the "New Normal" in the F&B Industry."
This is Rhine River Sdn Bhd's 10th financing round with Alixco.
This investment note is secured by two personal guarantee, as required by ALIXCO P2P Financing.
For what will you use the funds?
The funds will be used for working capital to advance Rhine River Sdn Bhd's Organic Free-Range Farm partnership (Werner's Cottage) in Penang, thereby supporting the local farming and agricultural environment and supporting the job growth in the agriculture sector. In partnership with its Organic Free-Range Farm, Rhine River Sdn Bhd is creating dishes reflecting the bountiful nature of Malaysia under its Farm-To-Table concept. In line with this idea, Werner's Cottage is leaving out the middleman and bringing organically raised chicken and ducks as well as a variety of locally harversted vegetables straight to the table.
Organic Free-Range Chicken and locally grown vegetables.