Drewish Deli

Drewish Deli

[Closed for Investment] Drewish Deli is raising funds on Honeycomb. It is a traditional Jewish deli in Healdsburg, California, renowned for its homemade offerings. Drewish Deli sells delicacies like bagels, pastrami, lox, matzo ball soup, and knishes and serves as a must-visit place for both locals and tourists. The business has received the Best New Business award from the Healdsburg Chamber of Commerce and was featured in the June edition of Wine Spectator magazine. Drew Ross founded Drewish Deli in June 2019. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for marketing, additional indoor seating and outdoor heat lamps, refinancing high-interest debt, and working capital.

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Investment Overview

Raised this Round: Raised: $30,000

Deal Terms

Total Commitments ($USD)

Platform
Honeycomb
Start Date
07/09/2024
Close Date
08/21/2024
Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.00%

Term Length

3.0 years

Company & Team

Company

Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Healdsburg, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Drew Ross
Title
President

Financials

as of Fiscal Year 2023
 Revenue +47% YoY
$513,750
 Monthly Burn
$5,486
 Cash on Hand
$18,722
Gross Margin
77%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$513,750

$348,361

COGS

$116,827

$111,815

Tax

$0

$0

 

 

Net Income

$-65,837

$13,571

Summary Balance Sheet

FY 2023 FY 2022

Cash

$18,722

$22,264

Accounts Receivable

$0

$0

Total Assets

$225,343

$23,137

Short-Term Debt

$72,312

$48,708

Long-Term Debt

$283,131

$23,296

Total Liabilities

$355,443

$72,004

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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
08/21/2024 Honeycomb - $30,000 Debt Funded RegCF
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Drewish Deli on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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