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Making waves: for the brothers who made the fish taco a million dollar industry, it's all relative
Entrepreneur, Sept, 2004 by April Y. Pennington
VITAL STATS: Co-thunders (from l. to r.) Mingo Lee, 35; Wing Lam, 43; and Ed Lee, 40, of Wahoo's Fish Taco
COMPANY: Casual eatery offering Mexican food with a hint of Chinese/Brazilian flavors
2004 PROJECTED SALES: more than $35 million
MEAL TICKET: When their parents sold their Chinese restaurant in 1988, these brothers were offered an enticing challenge: Take $30,000, and start a business together.
HOME COOKING: Moving to Costa Mesa, California 1975, the Brazilian-raised Chinese brothers set out to create a menu that would fuse their backgrounds with the Mexican fare introduced to them in Southern California. The result: a signature plate of charbroiled fish tacos, whole black beans and white rice, along with recipes gathered from family and friends.
LOCAL MOTION: Their first store, in Costa Mesa, California was on a street inhabited by surf apparel giants like Billabong, Quiksilver and Rip Curl. The surfing industry's ardor for the healthy and unique cuisine generated buzz, creating a "cool factor" that drew admirers from outside the surfing realm. The surfers are also credited with creating Wahoos trademark decor--what began as a quasi turf war, with surfers slapping stickers from their brands on the restaurant's walls, became a tradition.
ON THE ROAD: With 35 locations (10 are franchised), mostly in Southern California, Wahoo's also hopes to find homes in locales like Arizona, Hawaii and Las Vegas.
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