The Pretzel Haus

The Pretzel Haus

Tampa Bay’s stuffed pretzel sandwiches!

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Palm Harbor, FL
Offering Date
September 28, 2021
Expected Close Date
December 07, 2021
Target Raise
$15.00K-$150.00K
Security Price
$1
Deal Notes

Interest Rate-10.25% annually

Payments-Monthly, disbursed to investors quarterly 

Maturity-6 months interest only, followed by 54 months fully amortizing

Website
pretzel-haus.com/

Company Description

The Pretzel Haús will produce the best tasting fresh pretzel products out of their retail store. The product will be something that nobody has anywhere currently. We offer stuffed pretzels with flavors such as pepperoni and mozzarella, spinach and feta, turkey bacon ranch, and rotating seasonal flavors along with our original twisted favorites.

Key Deal Facts

Born from the widely popular Penguin Pretzel's.
Products can also be found at high profile amusement parks, zoos, and restaurants.
Owner and head baker Nick Agostino has been featured on National Pretzel Day in Tamoa, Florida.

Use of Proceeds

  • Leasehold improvements 
  • Equipment 
  • Working capital 

Management Team / Advisory Board Bios

Greg Mitchell, Owner
Greg has been a global service manager of fortune 500 publicly traded businesses for the past 20 years. He was also a chief investment officer for a large regional financial planning firm with more than 500M in Assets under management.

Nick Agostino, Owner
Nick Agostino has been the owner, operator, and manager for Penguin Pretzel for the past 9 years. He has successfully expanded this business to include both retail and wholesale pretzel products.

Deal Notes

Interest Rate-10.25% annually

Payments-Monthly, disbursed to investors quarterly 

Maturity-6 months interest only, followed by 54 months fully amortizing

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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