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Pennsylvania

Delmont Mama P's Pizza Subs & More

About Documents
44%
$10,900 Funded
$25,000 Target
Closed Time Left
12 Investors
$25,000 Min. Raise
$82,000 Max. Raise
60 mo. Term Length
10.25% Interest Rate
Closed

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Introduction

Mama P's is an award-winning pizzeria located in Delmont, Pennsylvania. We provide award winning pizza, using a 55-year old recipe that is a community staple. In addition to pizza, we also offer a delicious variety of wings, subs, salads, and sides.

In order to buy out the company, we are looking to borrow up to $82,000 at an interest rate of 10.25% over a 60 month term.



About Mama P's

Our customers are not restricted to the town of Delmont; folks come from miles around to enjoy their favorite pizzas and subs. We're partnered with local Boy Scout troops in their fundraising efforts by supplying quality subs, and we sponsor local athletic associations.

Orgininally called Wee Willy's Pizza by recipe creator Bill Matz, it changed hands in 2000 to Mama P herself, Debbie Pedder. Ms. Pedder slightly modified the recipe. In 2012 Mama P's was purchased by the Provenzano family and relocated to the current location. The father-son team, with the taste-test approval of Mr. Matz, recreated the original recipe that is still used today.



Now, we––Stephanie and Adrian Scheeren––are raising funds to buy the business. We will continue to provide a tasty, quality, award winning pizza. Services will expand from take-out/delivery to include catering and seasonal outdoor seating.

Future plans will include simplifying the menu, researching feasibility of servicing customers with dietary needs, market analysis, and reviewing current operations to determine best practices and alternative delivery options.



Fast Facts

  • 2013 to 2018 Trib-Live Best of Area Pizza
  • Over 1000 Facebook followers
  • 55 year-old family recipe
  • 4.8/5 star customer rating
  • Woman-, veteran-, and minority-owned business
  • Existing and knowledgeable team members


The Project

We will be acquiring all equipment and wares from the current owner along with recipes and the business name.  Then we will update the marketing strategy and nurture the relationship with the community.

Our milestones and goals

 1-3 months

 Partner with Uber Eats and Doordash to increase sales beyond the delivery area

 

 3 months

 Create website for online ordering

 6 months

 Reduce menu size and food operating costs utilizing Talech POS tracking system

 6-12 months

 Add catering service

 1 year

 Increase sales by $50,000 by using the Top 100 method and offering bulk deals

 3-5 years

 Purchase the building we are currently leasing

Breakdown of funds

 $22,000

 Purchase business from RobPro Inc. The remaining $18,000 will come from a  personal account.

 $1,100

 Marketing, including new t-shirts and social media ads

 $1,500

 New sign for building, emphasizing under veteran & woman ownership while using   current recipe

 $300

 New safe for deposits and on-hand cash

 $500

 New POS system to better track sales and analyze costs

 $500

 Website development

 Remainder

 Working capital



About the Owners

Adrian Scheeren

For his entire work life, Adrian has been in maintenance. He has maintained everything from helicopters to underground machinery. As a manager with HICO America, he learned quite a bit about the day-to-day operations of a business. His experience there and with the Army taught him how to manage a team to make a business successful.

His dream is to own business of his own. He has spent thousands of hours away from his family helping build businesses for others. Now it is his time to run a business for himself and for his family. The opportunity to buy an already successful pizzeria and building on their team would be a good fit for him and his family. Being your own boss is everyone’s dream and he has the confidence that along with his wife they can operate this pizzeria together and make it a success.

Stephanie Scheeren

While she never been a ‘brick and mortar’ business owner, her current position as Facility Coordinator for Hempfield Township requires her to view her department as a business. She manages a staff of 20 part-time employees and oversees the day to day operations of the township’s pavilions, fields, and athletic complex – which has three full-size basketball courts, an indoor walking track, and concession stand.

Scheduling rentals, and scheduling staff to cover the activity, while being budget-conscious and ensuring there is sufficient stock without creating waste are the primary functions of her job. She also develops events and marketing to increase public awareness of the facilities available for rent and support fundraising efforts for the Parks Fund, which helps with improvement and expansion projects. Another part of her experience is marketing. She has a degree in communications, she creates monthly newsletters for Hempfield Township Parks & Recreation, she runs the social media pages for the department, and she runs the social media pages for a local animal rescue. She will soon have another certification in marketing.


Adrian, left, and Stephanie Scheeren.


Deal Summary

Issuer

  ScHE Corp. LLC

Security Type

  Secured Loan

Loan Purpose

 Purchase of Mama P's Pizza and its assets from Robpro Inc.

Offering Amount

  $25,000 - $82,000

Interest Rate

  10.25%

Payments

  Monthly, Disbursed to Investors Quarterly

Maturity

  60

Personal Guaranty  

 Adrian Scheeren and Stephanie Scheeren

Security Interest

 Blanket lien on assets of business

 


Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. If the campaign successfully reaches its target, the funds will be distributed to ScHE Corp. LLC.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

Investment Amount One-Time Fee Potential Quarterly Returns* Potential Total Repayment*
$100 $2.85 $6.41 $128.22
$500 $14.25 $32.05 $641.10
$1,000 $28.50 $64.11 $1,282.21
$5,000 $37.25 $320.55 $6,411.07

*Individual payments may vary slightly based on rounding. Potential repayments include principal and interest; they do not include the one-time fee which is assessed when you make your investment. These amounts are calculated as a fully amortizing loan, which means that principal and interest are paid down starting with the first payment. There are no prepayment penalties and ScHE Corp. LLC may pay down their loan early, which may impact your earnings potential. Please note: returns are not guaranteed and investors could lose some or all of their investment.

Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.

ScHE Corp. LLC pays as agreed. You will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the administrative agent to manage the collections process on the investors' behalf.


How Honeycomb is Compensated

Honeycomb charges ScHE Corp. LLC a $250 posting fee and a 7.0%-8.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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