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Baltimore

Liliahna

About Documents
27%
$4,100 Funded
$15,000 Target
2 days Time Left
5 Investors
$15,000 Min. Raise
$60,000 Max. Raise
36 mo. Term Length
7.0% Interest Rate
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Introduction

Liliahna is a luxury Italian catering company based out of Baltimore, MD and serving the entire DMV area. The mission statement is simple: curating intimately personal menus, executing heartwarming dishes, and bringing you together with the most important people in your life.

In order to get some relief during COVID-19, we are looking to borrow up to $60,000. The annual interest rate includes a 3.75% interest-only period followed by a 30-month fully amortizing period repaying at 7.00% interest rate.


We cater events throughout the DC-Maryland-Virginia area.


How You'll Help During COVID-19

I am going to be using these funds primarily for COVID-19 relief. We were planning to use our sales from the first quarter of 2020 towards the initial amount we need to get our first brick-and-mortar up and running. We have a specific location already chosen, and we need to act quickly to ensure that we don't lose out on that space.

In addition to securing the space, we will also use the funds specifically to pay our employees a relief package, and use a portion to pay off debt accrued due to COVID-19.

When the shelter-in-place order is lifted, we will be able to open exactly where we want and how we want. The location of any restaurant is, most of the time, the deciding factor in the success of the business, and having found such an incredible location, we want to take advantage of it while we are able to.


Tune into one of our cooking classes on Facebook Live while you're stuck at home!

Business

About Liliahna

Liliahna was born out of a passion for food, family, and discovery. "Liliahna,” however, didn't inherit the name until a trip to Italy when a Great-Aunt Liliahna was brought into the picture. It was a moment of realization. There is a no better name for a brand dedicated to bringing people together through the best forms known to man and woman: eating & drinking.

The niche that has been carved in an otherwise mundane world involves bringing much more than our inherent culinary expertise to your next event. Being an experienced-based catering company – and prioritizing the aesthetic, design and ambiance just as much as the food – gives each client a custom, unforgettable experience.


We offer a modern take on traditional Italian cuisine.


I fell in love with the food world at a very young age thanks to my grandfather being so involved in my life for my entire childhood and teenage years. I went through high school knowing I was going to go to culinary school as soon as I could, and that is what I did. I enrolled in the Culinary Institute of America and graduated in 2015 with not only my Associates in Culinary Arts, but my Bachelor’s degree in Entrepreneurship.

Along with having a huge passion for everything culinary, I also always enjoyed being my own boss and taking those risks. Having the opportunity to combine both of those passions at one of the best schools schools in the world has been incredibly useful to my success now.


Our Thanksgiving spread.


Seeing such incredible growth over the last year has been so motivating, and we are ready to open our first brick and mortar location to bring our expertise in the culinary and design world to the public eye. We have shown success in our business model not only through our exponential increase in sales, but also through the multiple awards we have won with various companies, including Thumbtack and WeddingWire.

Having such a long family history rooted in Baltimore, combined with our expansive network of supportive clients, we are primed rise to the top of the Maryland food scene quickly.


Tiramisu!


We have a proven positive track record of clients being happy with what we have done, and there is no better combination than a culinary background and love of community. My passion for this industry does not stop in the kitchen. The entire reason I specifically got into the catering business was because I knew I was going to be able to interact with clients on a much more personal basis, and really be able to tune their menus to exactly their palette.

I love my family, I love my community, and I love using my passion for food to create opportunities to interact with strangers and invite them into my "home.” I don't look at being a chef – or food in general – as something that simply sustains life. I look at it through the eyes of forging connections between people, known or unknown. We always come together over food, and I want to create that moment and memory for as many guests as possible.


Catering allows us to get to know our clients in a more personal way.


Fast Facts

  • We are the highest rated catering company on Thumbtack for Maryland, Northern Virginia, and Washington DC.
  • From our official opening in 2017, we have increased our sales to over six figures in just 2 years.
  • We have over 150 five star reviews, combined on all platforms.
  • We make a point to travel internationally to learn from the source, and bring those experiences back to our business and clients. These locations including Italy and Peru.
  • We offer completely custom menus for each client, no matter the size of the event.
  • Client happiness is our #1 priority.

Homemade pasta is always better.


About the Owner

Brendon Hudson, Owner and Executive Chef

Brendon is a 26-year-old always-aspiring chef from Baltimore that is looking to really give a jolt of energy to the often mundane world of catering. He holds bachelor's degree from the Culinary Institute of America and has years of restaurant experience. He is also a proud Velleggia (Velleggia's of Little Italy, Baltimore).

David Monteagudo, General Manager and Design/Aesthetic Officer

David is a 23-year-old Culinary Institute of America graduate, focusing on the art and design of food. His degree is in food media, and his work experience is featured in some of the best food magazines in the country, including Saveur and Bon Appetit. His eye for design, and ability to design and decorate homes for each event, is like something never seen before.


David (L) is the designer and general manager, and Brendon (R) is the executive chef and owner.

Deal Summary

Summary

Issuer

 Liliahna LLC

Security Type

 Unsecured loan

Loan Purpose

 Working capital during the COVID-19 pandemic

Offering Amount

  $15,000 - $60,000

Interest Rate

  3.75% interest-only (first 6 months),

  7.0% amortizing period (last 30 months)

Payments

  Monthly, disbursed to investors quarterly

Maturity

  6 months interest only + 30 months amortizing

Personal Guaranty  

 Brendon D Hudson

Security Interest

 None


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 Liliahna 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

Return: Interest-Only Period*

Potential Quarterly

Return: Amortization Period*

Potential Total Repayment*
$100 $1.40 $0.93 $10.93 $111.17
$500 $7.00 $4.68 $54.65 $555.85
$1,000 $14.00 $9.37 $109.30 $1,111.71
$5,000 $37.25 $46.87 $546.48 $5,558.54

*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 hybrid interest-only + amortizing loan, which means that there is a specified interest-only period followed by a an amortization period. There are no prepayment penalties and Liliahna 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.

Liliahna 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 Liliahna LLC a $100 posting fee and a 6.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 1.40% investment fee capped at $37.25 per investor.

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