Tonic Coffee

Tonic Coffee

An upscale, quality-driven boutique style coffeehouse

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Pittsburgh, PA
Offering Date
December 17, 2020
Expected Close Date
February 23, 2021
Target Raise
$20.00K-$30.00K
Deal Notes

Interest Rate: 10.25%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 30 months fully amortizing

Personal Guaranty: Stephanie Nicolaas

Security Interest: Blanket lien on assets of company 

Company Description

There is a niche opportunity that exists that has yet to be filled in Pittsburgh for an upscale, quality-driven boutique style coffeehouse with an inviting atmosphere and great design. Tonic Coffee meets this need and fills this niche. We will offer high-quality products in an upscale environment. Furthermore, a location based in Lawrenceville – right at the intersection of Penn Ave & Butler Street – allows for a mixed customer base that will maintain high levels of business in every season, at all times of the day, every day of the week. It is located on a busy street with a walk score of 84 and high visibility with car traffic all day.

Quality coffee is the number one reason why customers decide to visit a coffee shop. It plays the biggest role in customers having a positive experience at a coffee shop. Quality coffee and customer service is why customers decide to become loyal to one coffee shop and not another, an elevated experience will allow for a new type of service. Crafted mocktails is where Tonic Coffee will stand out, with a creative program that will keep customers coming back. It's like reintroducing coffee in a new and exciting way. After all, coffee is a fruit and should be enjoyed in multitude of ways.

Use of Proceeds

  • Coffee grinders $5,000
  • Refrigerator and merchandiser $4,000
  • Additional coffee brewing systems (energy efficient) $10,000Water filtration system $2,000
  • Ice maker $1,500
  • Full-time barista salaries for at least 3 months $10,000

Management Team / Advisory Board Bios

Stephanie comes from an entrepreneurial family and though she has worked in Corporate America since business school, owning a business has been in her blood. Pittsburgh has been her home for the last 7 years, living in other states prior to the move. The Burgh has won her heart for having such a beautiful community of people who are genuine and just GOOD humans. She developed an interest in the coffee business over 6 years ago, when she started traveling the world, photographing and researching the industry. She was inspired by the findings and realized that coffee is so much more than a daily caffeine kick. She started working on the detailed plan and the idea started brewing officially three years ago.

Deal Notes

Interest Rate: 10.25%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 30 months fully amortizing

Personal Guaranty: Stephanie Nicolaas

Security Interest: Blanket lien on assets of company 

Amount Raised : $0
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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.

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