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Ohio

Better World Refill Shop

About Documents
82%
$24,450 Funded
$30,000 Target
39 days Time Left
23 Investors
$30,000 Min. Raise
$80,000 Max. Raise
60 mo. Term Length
10.25% Interest Rate
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Overview

As Cleveland's First Bottle Refill Shop, Better World Refill Shop is dedicated to helping the community reduce their plastic waste, refill their own vessels with natural products, and live more sustainably. Our amazing customers work hard to eliminate excessive plastic from their homes and live a more sustainable lifestyle. Many of our customers, just like Rachel, have experiences illnesses due to the excessive chemicals from the products that are in their homes. Rachel feels like it is important to take care of your body just like you would take care of the earth. You only have one body and we only have one earth; we need to take care of both! 

When you arrive at Better World Refill Shop, you can bring your own bottle, purchase a glass bottle, or use a free container donated by a community member. You will weigh your container first, refill that bottle with natural, clean products, and reweigh the container in which you refilled. We then subtract the weight of the container so you are not repaying for something you already paid for. Ultimately, you are just paying for the product inside your bottle! This is an easy way to reuse glass or plastic that is already in your home instead of contributing to excessive plastic waste that is ending up in landfills!

We are proud to be accredited by the Better Business Bureau.

We are raising $80,000, paid at a 10.25% interest rate with a six-month interest-only period and a 54-month fully-amortizing period.

Schedule some time on Rachel's calendar to talk about this investment opportunity!

 

Fill your reusable bottle with our sustainable products!

 

The Project

New shop, remodeling, fixtures - $8,000
Products for a new shop - $28,000
Paper, digital, and apparel marketing - $2,000

Opening a second shop on the east side of Cleveland will allow us to bring refilling and sustainability to more people in Northeast Ohio!

 

We are spreading the refill movement across Cleveland!

Business

History

Better World Refill Shop opened in Lakewood, Ohio on October 15, 2020. We started with many bulk products and quickly added more sustainable and zero-waste alternatives! Rachel took into consideration the requests of her customers and what would help the community more towards a more sustainable and waste-free lifestyle while holding on to the mission of helping customers eliminate unnecessary chemicals from their homes.

 

We partner with other local businesses by selling their plastic-free products. 

 

Future

The future of Better World Refill Shop includes a second shop to bring refills, natural products, and sustainability to more residents in Northeast Ohio! We would love to partner with organizations providing educational seminars on why going clean and sustainable is important to not just your body but also the planet.

 

Going sustainable is a must for the health of ourselves and of the planet.

 

About the Owner

Rachel Regula

Rachel was officially diagnosed with Lyme Disease in December 2017 after a long journey with Functional Medicine for symptoms that "didn't make sense.” Part of her journey with Functional Medicine was to eliminate excessive chemicals from her lifestyle but it didn't stop there. Rachel continued to educate herself on "clean" and natural products and how the excessive chemicals in bath, body, laundry, and cleaning products are making people just like her very sick. Eliminating these excessive chemicals wasn't just to help the environment––it was a life or death decision for her.

After learning more about how excessive chemicals are harming the land, the animals, and the oceans, she went looking for more ways to make her life more sustainable and stumbled upon a refill shop in another state. She looked for the same concept in Cleveland but she came up at a loss; Cleveland had no shop dedicated to sustainability, natural products, or eliminating plastic waste. It was that moment that Rachel decided she was going to open Cleveland's first refill shop! From the day Rachel decided to open Better World Refill Shop, she spends all of her extra time (outside of her full-time job) making sure Cleveland finally got a refill shop that was so needed and wanted by the community. It took Rachel just 88 days from start to doors opening to bring Cleveland its first bottle refill shop!

Schedule some time on Rachel's calendar to talk about this investment opportunity!

 

Deal Summary

Deal Summary

 Issuer

 Better World Refill Shop LLC

 Doing Business As

 Better World Refill Shop

 Security Type

 Secured Loan

 Loan Purpose

  Construction, inventory, marketing

 Offering Amount

  $30,000 - $80,000

 Interest Rate

 10.25%

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 6 months interest only + 54 months fully amortizing

 Personal Guaranty  

 Rachel Regula

 Security Interest

 Blanket lien on assets of the 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 Better World Refill Shop 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  $6.96  $130.37
 $500  $14.25  $12.81  $34.79  $651.87
 $1,000  $28.50  $25.62  $69.58  $1,303.73
 $5,000  $37.25  $128.12  $347.91  $6,518.66

*Individual payments may vary slightly based on rounding.

Better World Refill Shop 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. 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 an amortization period. There are no prepayment penalties and Better World Refill Shop 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.

 

How Honeycomb is Compensated

Honeycomb charges Better World Refill Shop LLC a $250 posting fee and a 6.0%-8.0% loan origination fee based 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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