Diamond Bakery

Diamond Bakery

Closed: Jul. 2022

About this raise

Diamond Bakery is raising funds on Honeycomb. It is a traditional American Jewish bakery in Los Angeles, California. The bakery makes rye bread, babka, rugelach, and mandelbrodt and sells them to its old and loyal customers. The products are baked daily using high-quality ingredients and are also supplied to some of the best deli restaurants in Los Angeles. Diamond Bakery was founded in 1946 but bought by Douglas Weinstein in 2021. The current crowdfunding campaign has a minimum target of $70,000 and a maximum target of $250,000. The campaign proceeds will be used for equipment, delivery vans, signage, refrigeration, POS software system, and debt refinancing.

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Investment Overview

Not Funded: $14,700

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
06/02/2022
Close Date
07/18/2022
Min. Goal
$70,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Monthly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

10.25%

Term Length

5.0 years

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Los Angeles, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
13
Founder Name
Douglas Weinstein
Title
Owner
Founder Name
Brian Hollander Hollander
Title
Chief Executive Officer

Financials

 Revenue
$553,537
 Monthly Burn
$14,736
 Cash on Hand
$1,166
 Gross Margin
84%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$553,537

$0

COGS

$90,859

$0

Tax

$0

$0

 

 

Net Income

$-176,837

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,166

$0

Accounts Receivable

$27,501

$0

Total Assets

$79,732

$0

Short-Term Debt

$5,415

$0

Long-Term Debt

$86,841

$0

Total Liabilities

$92,256

$0

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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
07/18/2022 Honeycomb - $14,700 Debt Not Funded RegCF
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Add to portfolio
Diamond Bakery on Honeycomb 2022
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Diamond Bakery may no longer be accepting investments.

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