Buter Co
About this raise
Buter Co is raising funds on Honeycomb. It is an upcoming full-service restaurant in Osceola, Arkansas. Buter Co’s owners already run a food truck and two concept restaurants and plan to draw inspiration from their other restaurants to create the menu of Buter Co. The restaurant will be located in a historic building in downtown Osceola and will also offer a patio for outdoor seating. Detric Fox-Quinlan and Malik Fox-Quinlan founded Buter Co in February 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for building renovations, new roofing, and kitchen equipment.
Investment Overview
Not Funded: $6,300
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 05/14/2024
- Close Date
- 06/28/2024
$50,000
$100,000
$100
Debt
Quarterly
RegCF
12.00%
3.0 years
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +24% YoY
-
$202,298
as of FY2023
- Monthly Burn
-
Profitable
as of FY2023
-
Cash on Hand
-
$3,532
as of FY2023
- Gross Margin
-
58%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/28/2024 | Honeycomb | - | $6,300 | Debt | Not Funded | RegCF |