Pierogi Pantry (1)

Pierogi Pantry is a small craft food company serving up delicious scratch-made comfort food at farmers markets, local events, and wholesale to local restaurants.

Now we have the amazing opportunity to open our own retail location, but instead of just selling our own products, we have decided to create a new company called Cleveland Bakery Collective so that we can share this opportunity with many other local business owners who may otherwise not have the resources to sell out of a brick and mortar retail location or produce out of a licensed commercial kitchen.

Cleveland Bakery Collective will be a retail outlet for Pierogi Pantry, providing a steady revenue stream for us.

Producers will have the ability to rent production space in our commercial kitchen for $15-20/hr, and for those just wanting to sell our products there, we will take a 20% commission.

Commission sales and kitchen rental will help us offset the overhead costs of operating Cleveland Bakery Collective while also giving other small business owners the opportunity to sell their products in a retail setting––as well as an affordable option to produce their products in a commercial kitchen.

• Hood $20,000
• Second hood $5,000
• Contractor & architect start up $8,000
• Build out $20,000
• Refrigerator/walk in freezer $15,000
• Immersion blender $700
• Robot coup $1,200
• Kitchen labor tables $1,000
• Other equipment $5,000
• Small wares $1,000
• Cooler-display case $2,000
• Signage $2,000
• Staffing(one hire for three months) $5,400
• Retail store shelves $1,000
• Reach in cooler $2,000
• Reach in freezer $2,000

Loan Purpose:  Open location; equipment

Interest Rate: 10.25%

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing

Personal Guaranty: Nikki Odongray

Security Interest: Blanket lien on assets of company