Butter + Scotch
Restaurants
Overview
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
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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