About Eatopia
EATOPIA is a food and beverage subsidiary of Asia Pacific Investment Partners (APIP), a real estate development group operating in Ulaanbaatar, Mongolia. The company leverages its parent company's extensive property portfolio to establish a diverse range of dining and entertainment venues across the city's Central Business District. EATOPIA's portfolio includes upscale restaurants like NOKA Japanese Grill & Bar and Napa Bistro, casual dining concepts such as Tomodachi Asian Street Food and Roma Roma Pizzeria, lounges including UB Social Club and VISKI Bar, as well as retail operations like Mayfair Whole Foods grocery stores and Java Java coffee shops.
The venture capitalizes on Mongolia's economic growth and rising middle class, targeting consumers with increasing disposable income who are seeking high-quality, internationally-inspired dining experiences. EATOPIA's competitive advantage stems from its access to prime CBD locations with low or no rent costs through APIP's real estate holdings, combined with experienced leadership boasting 30 years of international hospitality experience, and established marketing capabilities including social media analytics and influencer partnerships. The company is currently seeking a term loan of up to 1.5 billion MNT (approximately $420,000 USD) at 12% annual interest to fund expansion projects including a ghost kitchen facility, Khairtkhan Resort, and Noka Event Hall with karaoke rooms, projecting revenues to grow from $3 million in 2023 to $24 million by 202
