Driftwood Oven
Mobile, wood-fired oven baking sourdough pizza and bread
Overview
Raised: $150,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/09/2020
Close Date
12/24/2020
Min. Goal
$60,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Rolling Commitments ($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
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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