The Toasted Coconut
The Toasted Coconut plans to add a touch of tropical to Houston’s Montrose neighborhood.
Overview
Raised: $250,000
Total Commitments ($USD)
Platform
NextSeed
Start Date
05/09/2019
Close Date
06/27/2019
Min. Goal
$107,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,208
# of Investors
152
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Houston, Texas
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.
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