Business Services Industry

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.

COPYRIGHT 2004 Entrepreneur Media, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
 

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