Scissortails Coffee

Scissortails Coffee

Restaurant

Restaurant

Overview

Raised this Round: Raised: $700

Total Commitments ($USD)

Platform

Honeycomb

Start Date

08/16/2023

Close Date

09/15/2023

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

11.00%

Term Length

3.0 years

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

WOODWARD, Oklahoma

Business Type

Life Style

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,815,892

$1,023,329

COGS

$1,326,884

$845,408

Tax

$0

$0

 

 

Net Income

$813

$45,132

Summary Balance Sheet

FY 2022 FY 2021

Cash

$6,907

$0

Accounts Receivable

$7,890

$0

Total Assets

$326,071

$64,271

Short-Term Debt

$148,883

$0

Long-Term Debt

$0

$42,000

Total Liabilities

$148,883

$42,000

Financials as of: 08/16/2023
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Scissortails Coffee on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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