Octane Coffee

Octane Coffee

We're building the world's first Fully Automated Coffee Drive-Thru!

Print
Security Type
SAFE
Categories
Food & Bev
Min Investment
$100
Location
Milwaukee, WI
Offering Date
November 25, 2020
Expected Close Date
March 09, 2021
Target Raise
$55.00K-$100.00K

Company Description

We sell premium coffee, tea, and juice drinks via a fully automated drive-thru lane. All drinks are ordered, customized, prepared, and delivered via software and hardware automation that we developed in house.

Convenience is key in the drive-thru coffee industry. In 5 years, we hope to be the first 'quick service retail' company to successfully launch drone delivery of drinks to cars driving on the highway at speed (it's the pinnacle of convenience, no need to slow down or stop the vehicle!). These are future projections and are not guaranteed.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $250+ for 10% off all Octane Coffee Orders for the first year!
$1,000+ 25% off all Octane Coffee Orders for the first year!
$2,500+ Free Coffee for LIFE!
$10,000+ Free Coffee for LIFE and get a coffee drink named after you on our Menu for 2 years.
Invest $250+ for 10% off all Octane Coffee Orders for the first year!
$1,000+ 25% off all Octane Coffee Orders for the first year!
$2,500+ Free Coffee for LIFE!
$10,000+ Free Coffee for LIFE and get a coffee drink named after you on our Menu for 2 years.

Key Deal Facts

Our business will be automated and requires 30 mins of labor per day for projected $1K+ daily profit
Founders have raised $200k+ and built an amazing technical, business, marketing, and mentoring team
FoodTech Automation adoption has accelerated due to COVID and we're set to launch and grow quickly
Founding team has a combined 50+ years in foodservice, manufacturing, and automation design

Use of Proceeds

$55,000

  • 50% towards hardware scale-up needs
  • 42.5% towards marketing budget
  • 7.5% to WeFunder

$100,000

  • 25% towards hardware scale-up needs
  • 42.5% towards marketing budget for first 18 months
  • 25% towards expanded features for MVP (food items, digital menu board, extra app features)
  • 7.5% to WeFunder

Management Team / Advisory Board Bios

Adrian Deasy
Founder and CEO
Started this company while being a: 1) Husband and Father 2) Residential Landlord 3) Engineering Consultant (other business entity) 4) Live well below our means in a debt free lifestyle 5) Invested $40k and 2+ years into this business

Burt Peterson
Controls Engineering Lead
30+ Years as an Independent Controls Engineer building and coding custom automation solutions

Kyle Hamilton
Marketing and Social Media Lead
Previous startup founder, broad experience growing small companies into niche market leaders.

Alec Chan
Full Stack Developer (Web/Database/App)
Interned at Microsoft working on Minecraft, so talented for a 21 year old!
Amount Raised : $0
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments