Driftwood Oven

Driftwood Oven

Sourdough bread pizzeria

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Pittsburgh, PA
Offering Date
December 02, 2020
Expected Close Date
January 26, 2021
Target Raise
$60.00K-$150.00K
Deal Notes

Interest Rate: 8.50% annually

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing 

Personal Guaranty: Neil Blazin

Security Interest: Blanket lien on assets of company 

Company Description

Since 2015 we have traveled around Pittsburgh with our mobile, wood-fired oven baking sourdough pizza and bread. Our travels have taken us to coffee shops, breweries, farmer’s markets and private events all over our hometown. In exploring Pittsburgh’s various neighborhoods, we have met new friends and reconnected with old ones, and we've done our part to reintroduce the ancient technique of sourdough baking to a wide audience. 

Driftwood Oven has won awards for our pizza and received both local and national acclaim for the food that we produce. This, we believe, is due to our keen eye to detail and an insatiable appetite for seeking out the best products to feature on our pizza. 

Our mozzarella is made from the milk of grass-fed cows at Caputo Brothers Creamery and stretched daily. Our fresh meats are raised humanely at Goodness Grows Farm in Butler, PA. The vegetables atop our pizza are grown by our friends at Who Cooks For You Farm; when the Western PA growing season winds down, we rely on the East End Food Co-op for organic produce. 

Most essential to our product is its foundation, the dough. It is made from organic flours that are procured from Frankferd Farms in Saxonburg, PA. We ferment our dough slowly, the Old World way, with a sourdough culture. The crust we bake is crispy on the outside and chewy and flavorful on the inside. The fermentation process creates a dynamic depth of flavor, unmatched by any yeast-risen dough. Our bread is not merely a vessel for sauce, cheese and toppings; we take pride in going the long-way-round to provide you with a pizza that is rich with flavor, well-crafted, and that is nourishing to your body.

Use of Proceeds

  • Double Stack Convection Oven - $8,239
  • Dough Sheeter - $8,500
  • Spiral Mixer - $8,700
  • New Point of Sale System - $2,500
  • Two Door Reach-in Merchandiser Cooler - $3,800
  • General Construction: new floors, new stations, bakery case, new bar, new lighting, a complete renovation of the dining room space - $119,000

Management Team / Advisory Board Bios

Neil Blazin

Neil Blazin is a father, husband, entrepreneur, and overall nice fella. He has been working in restaurants since he was 17 years old and in 2015 decided to start his own venture. That venture actually began when Neil started baking bread and pizza at home in November of 2012. In 2015, after selling bread to farm stands, and running a bread subscription, Neil purchased a mobile wood-fired pizza oven on a trailer. He and his business partner towed it around Pittsburgh for two plus years, establishing great relationships with customers as well as businesses. In 2018 Neil transitioned his mobile business into a very successful, full-service, restaurant, even receiving a nod from Bon Appetit magazine for best new restaurant in 2018. Neil looks to continue his vision by expanding the once evening only, full-service restaurant into an all day venture with Baked goods available in the morning and pizza and savory things starting at lunchtime.

Deal Notes

Interest Rate: 8.50% annually

Payments: Monthly, disbursed to investors quarterly 

Maturity: 6 months interest only + 54 months fully amortizing 

Personal Guaranty: Neil Blazin

Security Interest: Blanket lien on assets of company 

Amount Raised : $0
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Security Description

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