Coquette (1)

Coquette (1)

Bakery

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Santa Fe, NM
Offering Date
September 28, 2020
Expected Close Date
December 02, 2020
Target Raise
$10.00K-$40.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $160. They will owe you this amount by 4/1/2026, regardless of revenue.

Company Description

Coquette is the brainchild of Caitlin Olsen, owner and operator, who noticed that there were limited food options available for beach goers in Montauk during the Summer months. Seeking to fill this void, she started Coquette in July 2019.

More recently, Coquette has relocated to Santa Fe, New Mexico, where our cakes have proved quite popular. Operating out of a commercial kitchen, we're able to maintain a lean and efficient operation. Here in Santa Fe, we're collaborating with local restaurants to provide our cakes as a special dessert on their menus. In the coming months, we'll be launching our first brick and mortar location in Chomp Food Hall, and hopefully finalizing a distribution partnership with Whole Foods, as well as expanding our online D2C channel, and continuing to partner with local wedding planners to offer a fun alternative to traditional wedding cakes for the forward-thinking bride and groom.

Use of Proceeds

  • Labels & Packaging Materials & Ingredients: $6,500
  • Equipment: $23,600
  • Licenses & Insurance: $1,500
  • Marketing & Promotion: $6,000
  • Mainvest Compensation: $2,400

Management Team / Advisory Board Bios

Caitlin Olsen
Founder & Owner
Caitlin's passion for baking began as a young girl when she learned from her Grandmother Varian. Several Coquette cakes are made using Varian's recipes. While living in Meinerzhagen, Germany, Caitlin started a bakery selling American pastries. She was delighted to introduce her customers to these delicacies. Caitlin takes pride in using only the best locally sourced ingredients in her cakes. She values sustainability and believes her cakes taste that much better because they reflect the place where they are made-New Mexico.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $160. They will owe you this amount by 4/1/2026, regardless of revenue.

Amount Raised : $21,000
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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