Scoot! Cold Brew

Scoot! Cold Brew

Scoot! Cold Brew is a cold brew coffee producer. Our cold brew is different from others as we brew our coffee with just a little bit of honey to reduce any lingering bitterness and acidic, sour notes that are common to other cold brews on the market.

We're different in that we sell our coffee in bulk and in reusable glass bottles to reduce waste. This reduces harm to the environment and saves both the business and customers time and money. Additionally, our coffee can replace the need for wasteful single-serve machines such as k-cups. You can enjoy cold brew hot or cold by simply usin...

Security Type
Secured Loan
Industry
Food & Bev
Min Investment
$100
Location
Lakewood, OH
Min Raise
$30,000
Offering Date
November 12, 2020
Max Raise
$107,000
Expected Close Date
January 06, 2021
Deal Notes

Interest Rate: 9.75%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing

Personal Guaranty: Kari DeGraff

Security Interest: Blanket lien on assets of company 

Use of Proceeds

We will hire a sales consultant to help implement our marketing strategy and broaden our reach. We have spent approximately $60k on building out our tasting room, purchasing a delivery truck, and buying supplies to scale our operation. An additional amount of $30k will be put towards building brand awareness and educating current coffee drinkers of the many uses of cold brew, and another $30k will be directed towards scaling our operation. This will include the purchase of larger commercial items such as kettles, grinders, frothers, and plumbing. All other funds raised will go to working capital and other expansion costs.

Deal Perks

  • $1,000 - Scoot! beanie
  • $2,500 - Scoot! beanie + VIP mug
  • $5,000 - Scoot! beanie + VIP mug + bottle of cold brew or pound of coffee.*
  • $10,000 - All of the above + a Scoot! team meeting room named after you with a plaque

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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

Key Deal Facts

We opened our doors it the midst of a pandemic but remain strong and are dedicated to serving the public safely.
Although we've only been open since July, we have already received the well-known "Best of CLE" award for our at-home cold brew mix-kits.
We have been regarded as many as "the best cold brew they've ever had."
Our delivery/coffee truck is a restored '64 Chevy Corvair Rampside. Its uniqueness brings joy to those who see out and about.
We are the first cold brew company to sell concentrate and frothers that can be used to make hot cold brew latte's and mochas.
We are an invaluable resource to our community as we are the only coffee shop within miles.

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