For Subscribers

Making Waves For the brothers who made the fish taco a million-dollar industry, it's all relative.

By April Y. Pennington

Opinions expressed by Entrepreneur contributors are their own.

Vital Stats: Co-founders 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, in 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.


"It wasn't meant to be a trendy place. Black beans with white rice-they're just staples in Brazil."

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 Wahoo's trademark d�cor-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.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

AI Is Going to 'Replace Everybody' in Several Fields, According to the 'Godfather of AI.' Here's Who He Says Should Be 'Terrified.'

Geoffrey Hinton, called the "Godfather of AI" due to his pioneering work on AI, says some fields face a heavier risk of replacement due to automation.

Growing a Business

Selling as a Founder Is Brutal — It Was Also the Reason We Reached $400M in Revenue

Selling is one of the hardest parts of building a startup, but arguably the most important. This piece shares hard-won, tactical lessons from my early days, offering a blueprint for founders navigating the messy reality of doing sales with no team, no leads and no playbook.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Meta Is Reportedly Planning to Release New AI Smart Glasses With Oakley and Prada

The Oakley Meta AI glasses are expected to cost more than the Ray-Ban Metas.

Living

Learn From Top Nonfiction Books Without Reading Them All With This App

Get caught up with 15-minute summaries of nonfiction best-sellers with Headway Premium.

Taxes

Why New Tax Rules Could Be a Game Changer for Your Business

With the One Big Beautiful Bill Act making its way through Congress, entrepreneurs need to be ready for significant tax policy changes.