Aviva Brick Oven

Aviva Brick Oven

Closed: Mar. 2024

About this raise

Aviva Brick Oven is raising funds on Honeycomb. It is a full-service restaurant and bar in Pittsburgh, Pennsylvania that serves as a dynamic and comprehensive dining destination. Aviva Brick Oven offers in-house dining, takeout, and online ordering services and has a diverse menu of Italian-inspired comfort dishes and brick-oven pizza. The business has won several awards and accolades and has a consistent 4.5-star rating across Google and Yelp reviews. Joseph Sebes founded Aviva Brick Oven in May 2010. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used to purchase equipment for expansion.

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Investment Overview

Invested this round: $28,193

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
03/07/2024
Close Date
03/20/2024
Min. Goal
$25,000
Max Goal
$75,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.25%

Term Length

3.0 years

Company & Team

Company

Year Founded
2010
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Warrendale, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
16
Prior Founder Exits?
No
Founder Name
Joseph Sebes
Title
CEO

Financials

 Revenue +13% YoY
$1,874,063
as of FY2023
 Monthly Burn
Profitable
as of FY2023
 Cash on Hand
$11,437
as of FY2023
 Gross Margin
42%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,874,063

$1,657,587

COGS

$1,085,773

$901,915

Tax

$0

$0

 

 

Net Income

$31,511

$-53,561

Summary Balance Sheet

FY 2023 FY 2022

Cash

$11,437

$24,543

Accounts Receivable

$0

$0

Total Assets

$790,437

$703,720

Short-Term Debt

$35,595

$39,329

Long-Term Debt

$467,902

$420,007

Total Liabilities

$503,497

$459,336

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/20/2024 Honeycomb - $28,193 Debt Funded RegCF
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Aviva Brick Oven on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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