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 using a frother. And our concentrate allows you to enjoy your coffee either black or as a latte, mocha, frap, or any other way you would as with an espresso.
Lastly, we're not just another coffee sh... [Read More]
Food and Bev
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.
November 12, 2020
January 06, 2021
Open to Investors
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.
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
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