Butter + Scotch

Restaurants

Overview

Raised to Date: Raised: $62,300

Total Commitments ($USD)

Platform

Honeycomb

Start Date

11/10/2022

Close Date

12/23/2022

Min. Goal

$40,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Interest Rate

12.75%

Term Length

5.0 years

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/31/2022

Days Remaining
Funded
% of Min. Goal

156%

% of Max. Goal

50%

Likelihood of Max
Funded
Avg. Daily Raise

$1,449

# of Investors

70

Momentum
Funded
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Location

Atlanta, Georgia

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Butter & Scotch is raising funds on Honeycomb. It is an upcoming full-service restaurant and bar in Atlanta, Georgia. The restaurant will seat over 140 guests and will have standing areas and a lounge for light grazing. The owners of Butter & Scotch already run a successful restaurant named Che Butter Jonez, which has been named the Best New Restaurant in Atlanta and received rave reviews from many publications. Malik Rhasaan and Detric Fox-Quinlan founded Butter & Scotch in September 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $124,000. The campaign proceeds will be used for kitchen equipment, bar equipment, dinner and glassware, and a POS system.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 11/10/2022
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Butter & Scotch on Honeycomb 2022
$
Platform: Honeycomb
Security Type: Debt

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