Find out What's Brewing at Taylor St Baristas
Up-market coffee chain launches country's first crowd-sourced "Coffee Bond".
Taylor St Baristas, the London-based specialty coffee retailer has announced plans to raise up to £3 million via crowd-sourcing site Crowdcube. The bonds will pay an 8% coupon, however in a twist, investors can also choose to have their coupon paid in the form of store credit, at the rate of 12% p.a.
The proceeds will be used to fund the expansion of the group, with plans to double the size of the business in the next 2 years.
Discussing the launch, Taylor St CEO Richard Shaer says "This is a great time for Taylor St to be growing its business. Every day we're seeing new people walk through our doors in search of better coffee...So many of our regulars have asked to get more involved in Taylor St. Something like this will give them just that opportunity".
