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Food & Beverage
Tropical Gyros brings together healthy cuisine, savory flavors and Bahamian culture to life!

$586,665

raised

Tropical Gyros brings together healthy cuisine, savory flavors and Bahamian culture to life!
489%
  • 1220

    Investors

    $850,000

    Hard Cap

  • $9

    Price per Share

    $36

    Min. Investment

  • 94,444

    Shares Offered

    Min/Max

    Offering Type

  • $850,000

    Offering Max

    7 October 2022

    End Date

  • $120,000

    Min. Raise

    -61

    Days Left

Recent Media

Tropical Gyros is a uniquely created product by Chef Kevin Culmer. While the name Gyro is synonymous with Greek cuisine, there is nothing Greek about a Tropical Gyro. Jerk Chicken, Sweet Fire Shrimp, and Grilled Coconut Curried Lamb are only a few of the savory flavors that we serve in our signature wheat wraps. Completed with authentic seasoning blends and one-of-a-kind sauces and dressings, and topped with freshly diced mangoes and pineapples giving them that tropical feel. Our handheld tropical gyros are made to order with fresh, wholesome ingredients and come straight from the grill in no more than 10 minutes, giving Bahamians a wide variety of healthy alternatives at competitive prices that tantalize the pallets of both Bahamians and tourists alike!

Since launching in 2015 as a vendor at the World Relays, making $1,700 in sales on the very first day, Tropical Gyros has been committed to quality products, customer service, and increasing profit.

About Tropical Gyro

Tropical Gyros is a casual/fast food restaurant that primarily sells a signature product called the
“Tropical Gyro.” Aimed to compete with fast food restaurants that feature sandwich-styled, easy to eat products that their customers enjoyed, Culmer designed a wrap similar to a Greek gyro, but with its own unique twist.

The Tropical Gyro combines a panini wrap, a variety of five meats, five seafoods, and grilled veggies, and toppings of chopped tropical fruits and lettuce. To give them an even more unique twist, Chef Culmer cooks the meats and tops the final product with his signature and secret sauces. Some examples of the gyro varieties are jerk chicken, sweet fire shrimp, coconut curried lamp, and BBQ salmon.

Tropical Gyros offers our signature flavours in more forms than gyros to expand the customers choices. Gyro bowls, the signature meats served with rice, plantain, and side salad, are sold with a$2.00 to $3.00 markup. Small and large salads also utilize the meat bases and target the customers who are looking for an even lighter and green-based product. Smalls are sold cheaper than the gyros, and larges compare with the gyro bowl prices.

These handheld or plated foods are served with an option of fries or salad, and bottled or cans drinks.

Proof of Concept

Since launching in 2015, Tropical Gyros has proven that is is supplying a demand in the market. In the first year of business, the company gained a profit of $13,000. Now, 7 years later, the company has earned $2.3M in sales and is currently at their pick-up location on Rosetta Street averaging $600,000 in annual sales. They have also outcompeted another gyro businesses in their business district and survived the imposed COVID19 restrictions.

Reasons to Invest

Tropical Gyros offers a unique variety of ten different meat, seafood, and sauce combinations, as well as a grilled vegetables option. These meats are served in three forms; gyros, bowls, and fresh salads. This allows the company to offer a large menu while keeping production simple. These food items are served with a side of fries or simple salad, and a bottled or canned beverage. Prices range from $8.90 to $20.72.

The Opportunity

Tropical Gyros strategically fills a void in the nearly $200M fast food market in The Bahamas. The Bahamas has a serious problem with obesity, diabetes and other non-communicable diseases, making us one of the sickest nations in the Caribbean. Much of this is due to Bahamians frequent consumption of unhealthy fast food. There is a void in the market for a healthier, affordable, hand-held alternative to the fried, processed, and high-sodium products currently being offered by our main competitors, US fast-food burger & chicken franchises and hot dog vendors.

The Tropical Gyro Solution
  • Tropical Gyros aims to garner up to 5% of the fast food market by catering to the segments of the market who are more health conscious, are willing to spend on average $1.00 – $3.00 more per meal, and prefer a fresh char grilled taste with tropical flavours.
Competition

Use of Proceeds
Capital Raise
  • Tropical Gyros Ltd. seeks to raise a total of $850,000. The funds will be used to construct a production and distribution center, outfit each new location, secure the leases, upgrade the current Rosetta Street location, purchase an executive food truck, and provide the company with working capital for it’s first year post-funding.
Marketing Objectives

5% of our revenue goes towards marketing. It is our goal to reach our customers through a strong online presence with heavy social media marketing, placing an emphasis on promoting quality food related photos and content. Tropical Gyros also has existing advertisements on Rodney Moncur’s ‘Freedom March’ and plans to continue this partnership which has proven its worth.

All marketed materials will be designed to promote Tropical Gyros as a business that offers flavorful, healthy, and fresh food. 

Use of Funds

$

 

190,000

Construction

39,000

Lease Signing

199,461

Equipment

120,000

Food Truck

290,000

Operating Capital

$838,461

Sub Total

Business Model
Vision
  • The next 3 years will bring three new full-service take-away stores, expanding to Carmichael, Cable Beach, & Prince Charles. The new stores will include outdoor seating to stay relevant in a COVID environment.
  • We will also launch an executive food truck to take our business mobile and have a presence at special events, high traffic venues, and service on-site catering bookings.
  • Lastly, we will build a processing facility to service our four different locations and the food truck, making production smoother and more cost effective.
Why Invest Now
View our Offering Documents
MEET THE TROPICAL GYRO TEAM
Market analysis

Tropical Gyros strategically fills a void in the nearly $200M fast food market in The Bahamas. The Bahamas has a serious problem with obesity, diabetes and other non-communicable diseases, making us one of the sickest nations in the Caribbean. Much of this is due to Bahamians frequent consumption of unhealthy fast food. There is a void in the market for a healthier, affordable, hand-held alternative to the fried, processed, and high-sodium products currently being offered by our main competitors, US fast-food burger & chicken franchises and hot dog vendors.

Tropical Gyros aims to garner up to 5% of the fast food market by catering to the segments of the market who are more health conscious, are willing to spend on average $1.00 – $3.00 more per meal, and prefer a fresh char grilled taste with tropical flavours.

Marketing strategy

Tropcial Gyro’s strategy is based on serving our customers well. The focus will be on maintaining quality and establishing a strong identity in the local market. A combination of local media and local store marketing programs will be utilized at the current and each future restaurant location.


It is our policy to spend 5% of revenue on marketing.

financial plan
PROFIT & LOSS STATEMENT
CASH FLOW STATEMENT
BALANCE SHEET
FINANCIAL RATIOS
HISTORICAL FINANCIALS CERTIFICATION LETTER
HISTORICAL PROFIT AND LOSS
HISTORICAL BALANCE SHEET AND CASH FLOW