Ledgerock, Llc
Buy our tasty, Market-Beating ROI Bagel Bond, and help us build our brick-and-mortar!
Overview
Raised: $81,930
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/17/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$750,000
Min. Investment
$250
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
5.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
164%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$6,302
# of Investors
102
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Chicago, Illinois
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$246,164 |
$88,912 |
|
COGS |
$55,063 |
$32,530 |
|
Tax |
$4,386 |
$429 |
| ||
| ||
|
Net Income |
$-2,412 |
$24,334 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$14,038 |
$23,371 |
|
Accounts Receivable |
$451 |
$0 |
|
Total Assets |
$103,013 |
$23,371 |
|
Short-Term Debt |
$96,066 |
$6,301 |
|
Long-Term Debt |
$12,000 |
$0 |
|
Total Liabilities |
$108,066 |
$6,301 |
Financials as of: 09/17/2023
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