Colonial Chesterfiel at Riley's Farms

About the offering

Colonial Chesterfield at Riley's Farm is a living history and agritourism destination located on a 760-acre ranch in Oak Glen, California. The business began purchasing agricultural land in the region in 1986, originally operating as a traditional apple orchard before transitioning into a multi-faceted heritage and tourism site. The property spans 760 acres in total, with 55 acres devoted to public-facing operations. The farm offers immersive living history educational programs for students, covering periods such as the American Revolution, the Gold Rush, and the Civil War. It currently hosts approximately 150,000 annual guests, including roughly 50,000 students participating in structured field trips. In addition to its educational programming, the business generates revenue through dinner theater performances, u-pick apple harvesting, and retail sales across its two dining facilities and two retail stores. Multiple historic outbuildings support the variety of events and seasonal activities offered on the property. The farm has gained notable media recognition, having been featured in several History Channel documentaries and appearing in the final scene of the Steven Spielberg feature film 'Amistad.' It is a male-owned business operating in one of California's historical apple-growing regions. The company's long-term vision includes expanding its facilities to incorporate lodging, craft buildings, and water attractions, with the goal of developing a rural living history resort experience. For this funding campaign, however, 100% of the proceeds are earmarked for debt consolidation. The business has identified high-interest debt as a significant operational constraint and estimates that replacing existing high-interest obligations with lower-interest debt could add approximately $180,000 to $200,000 per year in retained earnings. The campaign is seeking between $75,000 and $124,000 through a debt instrument at a 10% interest rate over a 60-month loan term via Regulation CF crowdfunding on the Honeycomb platform.

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