EB-5 Program Overview
This offering is structured as an EB-5–eligible investment program designed to support the development
and operation of up to 20 new Church’s Texas Chicken quick-service restaurant (QSR) and Lone Star
Market convenience store locations in targeted U.S. markets.Investor capital will be deployed into a job-creating operating platform with a proven national brand,
experienced franchise operator, and a clearly defined construction and operating timeline.The program is intended to qualify as a New Commercial Enterprise (NCE) that deploys capital into one
or more Job-Creating Entities (JCEs) that owns and operates the individual restaurant locations.The structure is designed to prioritize capital preservation, job creation certainty, and USCIS compliance.
EB-5 provides long-term security and flexibility, assuming all conditions are met.
Timing is critical – the program expires 9/30/2027
EB-5 Advantages (vs. other options)
Authority
Gold Card (EO 14351)
Executive order; vulnerable to legal challenge and repeal; no grandfathering
EB-5 Investor Visa (Statute)
Congressional statute; RIA provides statutory grandfathering through Sept. 30, 2026
Cost
Each family member pays full gift and fee
$800k–$1.05M investment covers entire family
Family Coverage
$1M per family member; $2M if company-sponsored; $5M Platinum tier; $15k per person filing fee
One investment covers spouse and children under 21
Refundability
None
Investment generally returnable after project exit or if petition is denied
Requirements
Gold Card (EO 14351)
No job creation or business risk; gift treated as government donation
EB-5 Investor Visa (Statute)
Must create 10 full-time jobs; capital must remain at risk
Timeline
Petition may be processed within weeks; visa issuance tied to EB-1/EB-2 backlogs (could take up to a year depending on country of origin)
Visas arrive typically as early as 6 months; Four to six years typical for permanent residency
Green Card Outcome
Permanent residency unless program is repealed
Two-year conditional residency, then permanent upon I-829 approval
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EB-5 Program Overview
Why high-net-worth individuals choose the EB-5 visa:
Security: The EB-5 visa program is a direct, streamlined path to a permanent US Green Card through investment, and it sets you up to apply for US citizenship after five years of legal residence.
Simplicity: The EB-5 application process is more straightforward than many other US visa pathways, with no requirements for business experience or English language proficiency.
Flexibility: This program’s minimal physical presence obligation means you have the freedom to travel frequently or maintain residences in multiple countries without being tied to the USA full-time.
Locations: USCIS-Certified TEAs in prime locations of Texas
Minimum Investment : $800,000
Processing/ Administrative Fee: $50-70K
Investment Tenure : 5 Years
Payback : 2.5% per annum
Job Creation: 15 Jobs per investor
Investors should budget an additional $30,000–$40,000 for their own attorney fees
Investment Details:
– Approximate investment hold time: 5 years
– Yearly return goal: 2% on the net investment amount
– Administrative charges: approximately $50,000
– NOTE: investors should budget an additional $30,000–$40,000 for their own attorney fees
TEA Strategy
● The project will be structured to qualify under Targeted Employment Area (TEA) requirements to
allow for the lower EB-5 investment threshold (subject to current regulations at the time of offering).
● Site selection will prioritize:
● Census tracts with qualifying unemployment levels, or TEA aggregation strategies supported by an
independent economist.
● Final TEA designation will be confirmed prior to investor subscription and supported by third-party
economic analysis.
Factors considered in determining where a new commercial enterprise is principally doing business include, but are not limited to, the location of:
● Any jobs directly created by the new commercial enterprise;
● Any expenditure of capital related to the creation of jobs;
● The new commercial enterprise’s day-to-day operation; and
● The new commercial enterprise assets used in the creation of jobs.[65]
Deployment Timeline (Store Rollout Schedule)
Capital deployment is aligned with a phased store development schedule to ensure timely job creation. A development agreement has already been secured and executed with Church’s Chicken, providing
contractual certainty and brand alignment from day one.
Year 1: 5 locations – initial rollout, permitting, and operational stabilization
Year 2: 7 locations – accelerated development leveraging lessons learned and standardized prototypes
Year 3: 5 locations – infill and secondary market expansion
Year 4: 3 locations – portfolio completion, optimization, and performance-driven refinements
This phased rollout supports predictable capital deployment, mitigates execution risk, and allows early store performance to directly inform later site selection, pacing, and capital allocation.
Sugarland Petroleum Leadership Chart
Church’s Texas Chicken Brand History
Founded in 1952, Church’s Chicken is one of the most recognized QSR chicken brands in the United States, with a strong presence in urban, suburban, and value-oriented markets.
● The brand benefits from:
○ National brand recognition
○ A value-driven menu with broad demographic appeal
○ Proven performance in both freestanding and in-line formats.
● The sponsor has extensive experience operating Church’s Chicken restaurants, with a demonstrated track record in site selection, construction, operations, and multi-unit management.
● The team has successfully navigated multiple economic cycles and maintains a long-standing relationship with the franchisor.
Existing Locations Church’s
The sponsor currently owns and operates multiple Church’s Chicken locations that:
● Are fully staffed and operational
● Exhibit stable cash flow
● Serve as proof-of-concept for underwriting assumptions
These existing assets validate the sponsor’s operational capabilities and form the foundation for disciplined
expansion.
SLP Church’s Chicken Stores
● Overall 2025 (projected) sales growth at our 13 locations far outpaced the system average.
● Growth is attributed to: focus on operations excellence and strong promotions execution.
● Due to our performance, we were awarded 4 new locations in September, and we are securing 4 additional locations this year alone.
● Our average visits amongst our Houston city locations are at ~85k monthly visits and are trending up. Our goal is to hit 120k monthly visits.
Church’s Chicken YTD 2025 Sales Growth vs. PY
Church’s Chicken Ops Performance Score YDT
Lone Star Market Brand History
In 2018, we launched the Lone Star Market concept at our location on Beltway 8 in Houston, and a new concept for convenience stores was born: fuel, convenience and full-service kitchens serving freshly prepared meals
and drinks.
● We continue to build and grow on our vision of delivering fresh food in a convenient neighborhood setting, to be a one-stop for our customers.
● Today, Lone Star Market is your all-day, everyday stop for fresh, made-to-order foods, beverages, coffee, fuel services, ATMs, and convenience.
● Have established partnerships as retailers as well fuel jobbers with major fuel brands: Shell, Valero, Conoco, Phillips 66, Texaco, and Chevron
Existing Locations Lone Star Market
The sponsor currently owns and operates multiple Lone Star Market locations that:
● Are fully staffed and operational
● Exhibit stable cash flow
● Serve as proof-of-concept for underwriting assumptions
These existing assets validate the sponsor’s operational capabilities and form the foundation for disciplined expansion.
Lone Star Market Growth Outpaces the C-Store Industry
Expansion Plan
Markets
Target markets are selected based on:
● Strong demand for value-oriented QSR concepts
● Favorable demographics and traffic counts
● Limited direct competition in core trade areas
Primary focus will be on Lone Star Market, Texas and other proven Church’s Chicken markets, with selective expansion into adjacent growth regions.
Phasing
The expansion will be executed in clearly defined phases:
● Phase I: Initial 5 locations to establish momentum
● Phase II–IV: Subsequent tranches of 3 locations per year
This approach allows capital efficiency, operational learning, and controlled growth.
Site Control Strategy
The sponsor will secure site control through:
● Letters of Intent (LOIs) for priority sites
● Long-term ground leases or building leases with extension options Sites will be acquired or leased only after meeting strict underwriting and TEA criteria.
Capital Structure
Use of EB-5 Funds
EB-5 capital will be used for eligible job-creating expenditures, including:
● Ground-up construction and tenant improvements
● Equipment and FF&E
● Soft costs related to development and opening
● Initial working capital
Funds will be deployed in compliance with EB-5 sustainment and at-risk requirements.
Sponsor Equity Contribution
● The sponsor will contribute meaningful equity to the project, aligning interests with EB-5 investors and demonstrating confidence in the business plan.
● Sponsor equity will be contributed prior to or alongside EB-5 capital deployment.
Exit Strategy
Potential exit strategies include:
● Portfolio refinance at stabilization
● Sale of the restaurant portfolio to a strategic or financial buyer
● Sponsor buyback of EB-5 investor interests
The exit is designed to occur after I-829 job creation requirements are satisfied.
Job Creation Summary
Job Per Store (LSM & Church’s)
Each new restaurant is expected to create:
● Direct W-2 operational jobs
● Indirect and induced jobs as calculated by the economist
Job Per Store
Total Jobs
● Across 20 locations, the project is expected to generate a substantial number of EB-5–eligible jobs, significantly exceeding minimum USCIS requirements.
Jobs per Investor
● Job creation will be allocated conservatively to ensure that each investor is credited with more than the required minimum number of jobs.
Conservative Buffer
● A meaningful job creation buffer will be built into the model to protect investors against timing delays or underperformance.
Risk Disclosure
Operating Risk: Risks include construction delays, ramp-up periods, and operational execution. These are mitigated through experienced management and phased development.
Labor Risk: Labor availability and wage inflation may impact margins. The sponsor employs standardized training, retention programs, and scheduling efficiencies.
Food Cost Inflation: Commodity price volatility may affect food costs. Mitigation strategies include national purchasing programs and menu pricing flexibility.
Brand Concentration: The portfolio is concentrated in a single brand. This risk is offset by Church’s Chicken and Lone Star Market long operating history, strong value positioning, and consistent demand across economic cycles. This document is for discussion and planning purposes only and does not constitute an offer to sell
securities