Diamond Bakery, a historical Jewish bakery, was founded in 1946!
(10.25% 60 months)
Jul 18, 2022
Jul 18, 2022
A near-century old Jewish Bakery is purchasing new equipment! 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.Diamond Bakery is 60/40% split on wholesale to restaurants and in-store retail. The area of Los Angeles the business is located is surrounded by popular shops, busy streets, and is undergoing new development. Diamond Bakery intends to grow foot traffic and in-store sales in sync with the current growth and development of the neighborhood.
Diamond Bakery intends to purchase new production equipment to increase efficiency and create a more consistent product. The bakery recently signed a few new wholesale customers and will need new refrigeration equipment to meet their demand. These equipment purchases would increase production by 30% while saving on labor costs. Diamond also intends to purchase two new, more fuel-efficient delivery vans. The bakery's outdoor signage needs to be updated and improve. Upgrades to the store's outdoor appearance could increase foot traffic by 20%, averaging another $5,000 - $8,000 a month in revenue. Finally, Diamond Bakery intends to use the remaining capital to consolidate high-interest debt to improve cash flow and lower interest costs.