Noble Pies

Noble Pies

Family-Owned, Locally Grown Pie Bakery & Farm

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Security Type
Secured Loan
Categories
Food & Bev
Location
Warwick, NY
Offering Date
April 02, 2021
Expected Close Date
April 25, 2021
Target Raise
$50.00K-$110.00K
Deal Notes

9.75% interest rate annually paid over 60 months

Company Description

We are a family-owned, locally grown pie bakery & farm nestled in the beautiful town of Warwick New York. We make award-winning savory & sweet pies that are fresh every day. We go out of our way to source our ingredients as fresh and local as possible. Each flavor and pie comes with its own story. Our whole family is in the business working to bring our customers the best-tasting pies with the highest quality ingredients!​We are known for our flavorful and flaky crust, with butter sourced from grass-fed cows in the region. Our recipes are influenced by our grandmother who grew up in Texas. Her heirloom baking techniques date back to over 100 years! What's more, our pies contain less sugar than natural sugars from sustainably grown fruit.

Use of Proceeds

Vehicle delivery van 170" Wheelbase $20,000 

Storefront Renovations + Equipment $40,000 

Second Month's Rent $5,000 

Rental Fees $10,000

Management Team / Advisory Board Bios

Leslie Noble and Tom Herman
Owners
Leslie fell in love with cooking at a young age for her family. Her father, Jack Noble was a scientist who worked on several life-saving vaccines that are still used today. In college, she dabbled in biology and hospitality making for a well-rounded, multi career path ahead. Leslie opened the Pharmaceutical company Innapharma with her father after learning the ins and outs of the pharmaceutical industry working for American Cyanamid post-college. Leslie retired from the industry after having her third child. She wanted her children to be more connected with farming, nature, animals, and farming so she purchased a horse rehabilitation business in 2005. In 2008 the recession took the horse business away. Leslie's entrepreneurial skills kicked in. She didn't want to lose her farm. She sent her kids up the side of the road of their farm with her retired parents while she baked away in their home kitchen. She did this every weekend while helping her husband Tom who is a professional horse farrier shoe horse during the week. In less than a year, Noble Pies had their first storefront and both Leslie and Tom dedicated themselves full time to Noble Pies.

Deal Notes

9.75% interest rate annually paid over 60 months

Amount Raised : $0
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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

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