Diamond Bakery
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.
Investment Overview
Not Funded: $14,700
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 06/02/2022
- Close Date
- 07/18/2022
$70,000
$250,000
$100
Debt
Monthly
RegCF
10.25%
5.0 years
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
-
Revenue
- $553,537
- Monthly Burn
- $14,736
-
Cash on Hand
- $1,166
- Gross Margin
- 84%
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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 |