Common Oven

Regulation Crowdfunding offering on Honeycomb Credit

$43,550

of $50,000 goal

87.1% funded

About the offering

Leavened is a from-scratch artisan bakery and cafe that will open in Cleveland, Ohio in the summer of 2020. Leavened will serve the Cleveland community by capitalizing on the need for a high-quality neighborhood bakery that offers not only top-tier products but also a space for community and gathering. The bakery will offer a range of artisan-style breads and pastries produced fresh daily in its retail location. Leavened will differentiate itself from local competition with a superior product and a superior atmosphere. Ian Herrington, the proprietor, has been baking bread at On The Rise Artisan Bread, the highest rated bread bakery in the Cleveland area, for over 8 years. In that time Ian rose to the position of Head Baker and Production Manager. His expertise, and his dedication to being directly involved in the production process on a daily basis, ensures consistent high-quality products being sold from the bakery.Leavened will provide high-quality naturally leavened breads, the best baguettes in the city, crusty rustic loaves and nutritious and tasty whole grain breads, offering the people of the near west side a high quality alternative to the high-cost, low-quality baked goods available at the West Side Market, local coffee shops, and local grocery stores. Croissants, morning buns, Danishes, buttermilk scones, cookies, hand pies and more are projected to make up over half of all sales. Grab and go sandwiches will be sold during the lunch hours, from 11 AM until 1 PM. High quality, locally roasted coffee and espresso beverages will be sold, along with a handful of other hot and cold beverages. Leavened will establish itself on Scranton Road in Tremont. This neighborhood is the ideal target market for their product in terms of eating habits and disposable income. Tremont is the culinary epicenter of the city with numerous high end restaurants, bars, cafes and markets. Tremont is also within easy driving and biking distance of downtown, Ohio City, Detroit-Shoreway, and the western and southern suburbs, making Leavened a viable option for commuters who need coffee and breakfast on their way to work, a lunch pick-me-up during the day, or fresh bread for dinner on their way home.

FAQ

How much has Common Oven raised?

Common Oven has raised $43,550 of a $50,000 goal.

Where is Common Oven's campaign listed?

The offering is listed on Honeycomb Credit, an SEC-registered Reg CF intermediary.

What are the terms of Common Oven's raise?

Debt, 11.25% interest, 60-month term.

When does Common Oven's offering close?

The stated close date is Jun 22, 2020.