Cadillac Bar & Grill
Funded in part by: TransPacific Bank, California
The Cadillac Bar restaurant in San Francisco is a legendary establishment. Its beginnings can be traced back to the original Cadillac Bar which opened in Nuevo Laredo, Mexico in 1926. Back in the early ‘80s, several partners decided to bring this concept to San Francisco, where they went to work and converted a warehouse into a restaurant in the South of Market neighborhood. When they opened the doors in 1982, the partners made sure the restaurant had an authentic Mexican look including many features from the original Cadillac Bar such as: the red painted ceilings, the high back bar, white linens on tables, and waiters and bartenders in white coats and bow ties. All these special touches were meant to make you feel like you were South of the Border. The partners ensured that the menu was authentic and house margaritas were always hand-shaken. San Franciscans took notice and voted the Cadillac the best Mexican food restaurant in the city for many years. Unfortunately, in 1999 due to the expansion of the Moscone Convention Center, the restaurant was forced to close.
In 2012, one of the original founding partners, Michael Rodriguez, decided to revive the Cadillac Bar and Grill in San Francisco, with the goal of recreating that authentic Mexican restaurant with the same look and feel of its famous predecessor, with 17 years of lines out the door.
You won’t find re-invented Mexican food here — just great flavors and lots of fun.
Case Study: Cadillac Bar & Grill
“We recognized that Cadillac had secured an ideal location, had a successful business model, and had significant community support via its crowdfunded investors,” Bob Lussier, CEO of Trans Pacific National Bank
- Owned Cadillac Bar & Grill in 1980s – very successful South of Market Street, San Francisco
- Displaced by the Moscone Center
- Outstanding Location: The Twitter Building
- Strong Economy
- Historical Success
- $2.4 million project
Project: $2.4 million
Landlord Contribution $500,000
Borrower Contribution $300,000
Equity Raise (Crowdfunding) $1,200,000
Bank Loan (CA State Guarantee) $400,000
New Deposits $1,500,000
New Loan $400,000
Potential Gain $79,000
Total Project $2,400,000
Assumes CA State Guaranteed portion, 2% annual loan loss, 6.25% interest rate.