Money Cake, Flushing, N.Y.
Soft opening last week in the Tangram Food Hall in Queens is the Taiwanese wheel cake concept Money Cake. The official opening day is scheduled for early April.
Money Cake has five locations in Taiwan, as well as units in Hong Kong, the Philippines, Malaysia and Montreal, but this will be the first in the U.S., and it brings an innovative pastry to the snack scene.
Wheel cakes come originally from Japan, but they were adopted in Taiwan while it was under Japanese rule. A common street food, wheel cakes are either sweet or savory little disks made with waffle batter, crispy on the outside and stuffed with various fillings. Classic offerings include things like red bean, custard, taro, matcha or cheese-and-potato. But the menu includes other combo offerings, like custard and chocolate with Ferrero Rocher or Oreos; custard with fresh strawberries; or custard with fresh mango.
This first unit will include some New York-specific cakes, with a pepperoni pizza filling, for example, or chicken pesto. New flavors will drop monthly, and the menu also includes teas, tea lattes and cheese foam beverages.
Alan Cheng, CEO of Money Cake Inc., is the master franchisee for the brand in New York, where he plans to open 10 over the next 10 years. In some markets, Money Cake is co-branded with a boba tea concept called Don’t Yell at Me, and Cheng said his company may also co-brand elsewhere, but the Tangram Food Hall location already had boba tea concepts.