Diamond Bakery

A near-century old Jewish Bakery is purchasing new equipment!

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Security Type
Debt
Categories
Bakery
Location
LOS ANGELES, CA
Expected Close Date
July 18, 2022
Amount Raised
$6,700
Target Raise
$70K-$250K
No. Investors
10
Security Price
$1
Number of Employees
13
Cash
$1,166
Revenue
$553,537
Short Term Debt
$5,415
Cost of Goods
$90,859
Long Term Debt
$86,841
Net Income
$-176,837

Company Description

Diamond Bakery is a traditional American Jewish Bakery. Many of Diamond's baked goods were introduced to the US from Jewish bakers in Eastern Europe using Kosher techniques. Diamond's top-selling items include rye bread, babka, rugelach, and mandelbrodt. Diamond's customers, many of whom have been coming to the bakery for over 50 years, are older but continue to bring their kids and grandchildren. Diamond's customers are immensely loyal to the authentic, old-country recipes the bakery prides itself on. Almost all products are baked daily using the highest quality ingredients.

Key Deal Facts

Diamond Bakery, a historical Jewish bakery, was founded in 1946!, The business was recently featured in Eater LA as the most important Jewish Bakery in Los Angeles and one of the top bagel places in LA!, Diamond Bakery provides rye bread to some of the best deli restaurants in Los Angeles, including Nate N Al's, Phil's Deli, and The Kosher Bite.

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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