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Pennsylvania

Tonic Coffee

About Documents
150%
$29,999.11 Funded
$20,000 Target
Closed Time Left
40 Investors
$20,000 Min. Raise
$30,000 Max. Raise
36 mo. Term Length
10.25% Interest Rate
Closed

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Overview

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.

We are raising $30,000 at an interest rate of 10.25%, paid over a six-month interest-only period and a 30 month fully amortizing period.

 

We will fill the niche of a high-quality, upscale coffee shop with great design.

 

Investor Perks

 $1,000 

White Card Membership - Invite to our soft opening event; 3 months of coffee (1 coffee a day) 

For out of state investors - Coffee shipment to your home monthly for 3 months.

 $2,500

Gold Card Membership - Invite to our soft opening event; private 5 course coffee experience for 2 created by Stephanie; 6 months of coffee and mocktails (1 beverage a day)

For out of state investors - Coffee shipment to your home monthly for 6 months.

 $5,000

Black Card Membership - Invite to our soft opening event; private 5 course coffee experience for 4 created by Stephanie; 1 year of coffee and mocktails (1 beverage a day) 

For out of state investors - Coffee shipment to your home monthly for 1 year.

 

Our investors will play a special role in the foundation of Tonic Coffee.

 

The Project

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

Offering the very best experience to our visitors requires a substantial investment in the coffee bar equipment and personnel. Finding the right baristas to work alongside me is top priority. Paying the barista a competitive wage is important as they will be essential in delivering the experience to our customers. Your investment will help to get us started, to meet these challenging startup costs, and to create greater awareness of Tonic Coffee, its mission, and its unique value – and to ensure its long-term success.
 

We are looking for the right equipment and personel to execute on the vision.

 

Fast Facts

  • Latina woman-owned business
  • We seek to highlight women in the coffee industry and host events highlighting baristas, roasters and producers in the industry, engaging the community with said events.
  • Our coffees will be roasted in partnership with woman-owned farms around the world by Sey Coffee (rated one of the best coffee shops in America 2019 by Food and Wine). They also pride themselves in the transparency of coffee cost from farm to your hands.
  • Carefully curated coffee experiences will be hosted 3 evenings a week.
  • Our second floor will be converted into an art gallery once the pandemic is over, allowing local artist to showcase their work and host.

 

We will become a true community space in Lawrenceville.

Business

History

Tonic Coffee will be the first coffee and mocktail bar in Pittsburgh. We seek to open the minds of all who enjoy good coffee and for those who don’t, and we want to introduce the non-alcoholic concept of crafted mocktails.

For many years I’ve wanted the opportunity to build a coffee bar that embodies my experiences while traveling the world: a welcoming, elegant space in the community that will seek to elevate the coffee experience, an inclusive place that allows you to slow down and appreciate the process and intention given to your daily cup. From travels around the world, I have been inspired to indulge my creativity by crafting thought-provoking drinks, with an attention to balance, taste, quality, and presentation.

I have found the perfect place to begin this experience in the Lawrenceville neighborhood of my beloved Pittsburgh.

 

 

The Future

In the next few months we will focus on getting the coffee bar build out completed. We have retained the permits needed from the city.

Over the next few years in addition to continually evolving our menu, We will complete the second floor into an art gallery space (post Covid), that will allow for local artists to have showings of their work and host unique events. The future of Tonic Coffee will be exactly what the community wants. We want to be around for years to come, we want to provide excellent quality coffee beverages and we want to evolve our coffee and non alcoholic craft cocktail programs seasonally. We want you invested on this journey with us.

 

 

About the Owner

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.
 
Fast forward to 2020, the craziest year of our lifetime…Stephanie started to see inclusive businesses in Pittsburgh close, a shift in how business owners manage their daily operations. She started to reach out to the local community and coffee shop owners. It was time. She started to restructure her business plan with Covid in mind. Our community must stick together, now more than ever, and we need inclusive safe spaces to exist.

 

“I started to see an opportunity for a woman-owned coffee bar that promotes other women in coffee. There are so many women-owned farms around the world – this was the icing on the cake.” - Owner Stephanie Nicolaas

Deal Summary

Deal Summary

 Issuer

 Tonic Coffee LLC

 Doing Business As

 Tonic Coffee

 Security Type

 Secured Loan

 Loan Purpose

 Equipment and hiring staff

 Offering Amount

  $20,000 - $30,000

 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 

 Offered Portal 

 Honeycomb Portal LLC

 Offering Type

 Reg CF

 

Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to Tonic Coffee LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials

 Investment Amount   One-Time Fee 

 Potential Quarterly

 Return: Interest-Only Period* 

 Potential Quarterly

 Return: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85   $2.56   $11.38   $118.91
 $500  $14.25   $12.81   $56.89   $594.54
 $1,000  $28.50   $25.62   $113.78   $1,189.08
 $5,000  $37.25   $128.12   $568.92   $5,945.41

Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest; they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a hybrid interest-only + amortizing loan, which means that there is a specified interest-only period followed by a an amortization period. There are no prepayment penalties and Tonic Coffee LLC may pay down their loan early, which may impact your earnings potential. Please note: returns are not guaranteed and investors could lose some or all of their investment.

Tonic Coffee LLC pays as agreed. You will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the administrative agent to manage the collections process on the investors' behalf.

 

How Honeycomb is Compensated

Honeycomb charges Tonic Coffee LLC a $250 posting fee and an 8.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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