Diamond Bakery
Early Stage
Bakery
Analytics
Raised: $5,450
Aggregate 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
Funding Type
RegCF
Series
Seed
Price Per Share
$0.00
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
23
% of Min. Goal
8%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$237
Momentum
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Location
Los Angeles, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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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