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1.0 Executive Summary

Welcome Restaurants USA Inc., an entirely owned subsidiary of Welcome Restaurants Private Limited (Indian Parent Company), is looking to expand its operations by purchasing a 50% stake in Indian Express Restaurant Inc., a New York-based firm that owns and operates a full-service Indian restaurant in Manhattan. Following the completion of the $1,000,000 fundraising, Welcome Restaurants USA Inc. plans to expand the current operations of Indian Express as well as build two new eateries serving wonderful Indian cuisines that combine dishes from all across the Indian subcontinent. These initiatives are bound to be beneficial and produce employment and cash in the areas they serve, thanks to the excellent administrative team and expertise of the founders.

2.1 Ownership & Structure of the Business

Welcome Restaurants USA Inc. (US subsidiary) is a wholly-owned subsidiary of Welcome Restaurants Private Limited, a company established in Bangalore, India having interests in the hospitality industry. Welcome Restaurants USA Inc. will invest $1 million to buy a 50% ownership in Indian Express Restaurant Inc., a New York-based company.

2.2 The Past

Welcome Restaurants USA Inc’s parent company is Welcome Restaurants Private Limited. Welcome Restaurants Private Limited has established experience in the hotel and restaurant industries over the years and is now aiming to grow internationally. In August of 2007, a United States subsidiary named Welcome Restaurants USA Inc. was established with this strategic focus. The purpose of the subsidiary is to expand the Welcome brand globally via smart acquisitions and organic growth through the development of additional restaurants in the United States.

2.3 Funding for New Businesses

Welcome Restaurants USA Inc. will begin its growth into the United States market by acquiring a 50% ownership in the activities of Indian Express Restaurant Inc., a New York firm, via a strategic purchase. The funds will be utilized by Welcome Locations USA Inc. to expand Indian Express Restaurant Inc.’s present operations as well as to open two additional restaurants in the New York metro region.

2.4 Funding Sources

Welcome Restaurants USA Inc. will contribute $1,000,000 from its own financial reserves, which are obtained from the hospitality endeavors of its parent company, Welcome Restaurants Private Limited in Mumbai, India.

2.5 Locations and Facilities of the Company

Welcome Restaurants USA Inc. will purchase a 50% ownership in Indian Express Restaurant Inc., which is situated at 147 West 16th Street between Park and Lexington Avenues in New York, New York 10016.

3.1 Service Overview

Thanks to its investment in Indian Express Restaurant Inc., Welcome Restaurants USA Inc. will be able to offer its customers a unique combination of Indian cuisine, distinct from the typical North or South Indian food served in most restaurants. Welcome will be able to provide unique and unusual appetizers, entrees, and pastries that are hard to find in a typical Indian restaurant, thanks to the idea of fusion cuisine.

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