Driftwood Oven

Driftwood Oven

Mobile, wood-fired oven baking sourdough pizza and bread

Mobile, wood-fired oven baking sourdough pizza and bread

Overview

Raised to Date: Raised: $150,000

Total Commitments ($USD)

Platform

Honeycomb

Start Date

12/09/2020

Close Date

12/23/2020

Min. Goal
$60,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$10,714

# of Investors

74

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Pittsburgh, Pennsylvania

Business Type

Life Style

Driftwood Oven, a mobile sourdough pizza and bread company, is raising funds on Honeycomb. The business makes award-winning pizzas and bread and travels around to sell their produce. It uses locally-sourced and high-quality ingredients to make the products, including its organic flours sourced from Frankferd Farms in Saxonburg, PA. Neil Blazin founded Driftwood Oven in 2012. The proceeds of the current crowdfunding round, with a minimum raise of $60,000 and a maximum raise of $150,000, will be used to purchase a new oven, dough sheeter, spiral mixer, point of sale system, and two-door cooler. Driftwood Oven has received local and national acclaim for its pizzas and plans to expand its reach to generate more revenue.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,422,118

$731,226

COGS

$465,771

$237,623

Tax

$0

$0

 

 

Net Income

$23,101

$45,610

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$110,461

$53,159

Accounts Receivable

$4,954

$0

Total Assets

$234,243

$200,368

Short-Term Debt

$50,112

$2,439

Long-Term Debt

$139,805

$157,322

Total Liabilities

$189,917

$159,761

Financials as of: 12/09/2020
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Driftwood Oven on Honeycomb
Platform: Honeycomb
Security Type: Debt

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