Buter Co

Buter Co

Restaurant

Restaurant

Overview

Raised to Date: Raised: $4,950

Total Commitments ($USD)

Platform

Honeycomb

Start Date

05/13/2024

Close Date

06/28/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/21/2024

Days Remaining

37

% of Min. Goal

10%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$619

# of Investors

12

Momentum
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

Life Style

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.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$202,298

$163,503

COGS

$84,209

$75,496

Tax

$0

$0

 

 

Net Income

$23,117

$9,748

Summary Balance Sheet

FY 2023 FY 2022

Cash

$3,532

$14,593

Accounts Receivable

$0

$0

Total Assets

$141,571

$86,915

Short-Term Debt

$79,531

$47,253

Long-Term Debt

$208,065

$155,718

Total Liabilities

$287,596

$202,971

Financials as of: 05/13/2024
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Buter Co on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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