# 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%

### Company & Team

#### Company
- Year Founded: 2018
- Industry: Food, Beverage, & Restaurants
- Location: Houston, Texas
- Company Website: [Visit Website](https://www.gettoastedhtx.com/)

#### Team
- Employees: 3
- Founder Name: Stephen Stayer
- Title: Member

## Financials

### 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 |

## Company Funding & Growth

### Funding history

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