Scissortails Coffee
About this raise
Scissortails Coffee is raising funds on Honeycomb. It is a restaurant and bar in Woodward, Oklahoma, that specializes in New American food and specialty coffee. Scissortails Coffee provides a delicious combination of unique culinary experiences and high-quality coffee in an inviting atmosphere and makes its customers feel at home. The business has generated $1 million in revenue since 2021 and expects to generate $2 million in revenue in 2023. Dakota Davis and Kayla Davis founded Scissortails Coffee in March 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 refinancing high-interest debt, building a drive-through window, and remodeling the event space.
Investment Overview
Not Funded: $700
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 08/17/2023
- Close Date
- 09/15/2023
$50,000
$100,000
$100
Debt
Pre-Seed
RegCF
11.00%
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 +77% YoY
- $1,815,892
- Monthly Burn
- Profitable
- Cash on Hand
- $6,907
- Gross Margin
- 27%
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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 |
|---|---|---|---|---|---|---|
| 09/15/2023 | Honeycomb | - | $700 | Debt | Not Funded | RegCF |