Diamond Bakery
Bakery
Overview
Raised: $14,700
Total Commitments ($USD)
Platform
Honeycomb
Start Date
06/01/2022
Close Date
07/18/2022
Min. Goal
$70,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
10.25%
Term Length
5.0 years
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
07/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$320
# of Investors
16
Momentum
Not Funded
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Year Founded
2021
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.
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 |
Financials as of: 06/01/2022
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