Zeitlin’s Delicatessen

Zeitlin’s Delicatessen

Zeitlin’s Delicatessen is raising funds on Wefunder. The deli makes and serves authentic Jewish bagels and other Jewish delicacies. Zeitlin’s Delicatessen currently sells through popups and farmers’ markets and plans to open its first brick-and-mortar location in Chicago soon. The business has over 3,300 loyal customers and reported a revenue of $246,000 in 2022, with the 2023 revenue growth estimated to be 198% year-over-year. Sam Zeitlin and Hal Zeitlin founded Zeitlin’s Delicatessen in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for the buildout of the brick-and-mortar store, equipment, rent, inventory, and operating expenses.

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Investment Overview

Raised this Round: Raised: $111,580

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/17/2023
Close Date
01/25/2025
Min. Goal
$50,000
Max. Goal
$750,000
Min. Investment

$250

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

5.00%

Term Length

5.0 years

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Chicago, Illinois
Business Type
Life Style
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Sam Zeitlin
Title
Co-Owner & CEO

Financials

as of Fiscal Year 2023
 Revenue +177% YoY
$246,164
 Monthly Burn
Profitable
 Cash on Hand
$35,416
Gross Margin
81%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$669,608

$246,164

COGS

$125,656

$55,063

Tax

$0

$0

 

 

Net Income

$11,710

$-2,412

Summary Balance Sheet

FY 2023 FY 2022

Cash

$35,416

$14,038

Accounts Receivable

$83,718

$451

Total Assets

$203,211

$103,013

Short-Term Debt

$111,133

$96,066

Long-Term Debt

$104,798

$12,000

Total Liabilities

$215,931

$108,066

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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
01/25/2025 Wefunder - $111,580 Debt Active RegCF
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Zeitlin’s Delicatessen on Wefunder 2023
Platform: Wefunder
Security Type: Debt

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