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The Toasted Coconut

The Toasted Coconut

Closed: Jun. 2019

About this raise

The Toasted Coconut, a tropical restaurant in Houston, is raising funds on NextSeed. The restaurant is bringing an island escape to Texas with its tiki-inspired drinks and innovative food. The ambiance of The Toasted Coconut gets completed with a large patio with beach sand, tropical plants, and palms. The Toasted Coconut is owned by the team behind Nobie’s, including Martin Stayer, Sara Stayer, and Stephen Stayer and is scheduled to open doors in June 2019. The proceeds of the current crowdfunding round, with a minimum raise of $107,000 and a maximum raise of $250,000, will be used for the buildout of the restaurant, construction, landscaping, design elements, and equipment furnishings. The owners of The Toasted Coconut already run Nobie’s successfully and are highly experienced in the business.

Investment Overview

Invested this round: $250,000

Deal Terms

Total Commitments

Platform
NextSeed
Start Date
05/10/2019
Close Date
06/27/2019
Min. Goal
$107,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    

Interest Rate

13.00%

Financials

 Revenue
$0
as of FY18
 Cash on Hand
$23.5K
as of FY18

Summary Profit and Loss Statement

FY 2018 FY 2017

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2018 FY 2017

Cash

$23,521

$0

Accounts Receivable

$0

$0

Total Assets

$376,386

$0

Short-Term Debt

$0

$0

Long-Term Debt

$27,739

$0

Total Liabilities

$27,739

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/27/2019 NextSeed - $250,000 Debt Funded RegCF
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