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Ohio

YOSTERIA

About Documents
118%
$23,550 Funded
$20,000 Target
Closed Time Left
8 Investors
$20,000 Min. Raise
$60,000 Max. Raise
36 mo. Term Length
9.0% Interest Rate
Closed

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Overview

My business is an osteria. We specialize in Italian culture, tradition, food, and products. We aim to provide people with an authentic Italian experience. Specializing in regional food, pizza, and wine. Our goal is to teach people about all the great traditions and history of Italy, one sip or bite at a time.

We offer specialty pizzas, bread, regional wines, and our own private label from grapes grown in California. Everything we do has history and tradition in mind. Our recipes and techniques all come from the Old World.

We want our customers to feel like they are back in time, to simpler times and simpler days.

We are raising $60,000 at a 9.0% interest rate, paid over a 36-month term.

 

We provide people with an authentic, Italian experience. 

 

The Project

Most of the money if not all will go towards current start-up costs and credit card debt.
Credit cards: $20,000
Equipment, long term loans: $35,000

Once I am able to free myself from debt and start-up costs, I will be able to spend the extra income on projects for the shop and future growth. I have a lot of plans to expand and grow. At the moment I am held up due to extra monthly costs with credit cards and loans.

 

We were honored to be on Barstool Sports Pizza Review and received an 8.3 score.

 

Business

History

I officially started my business in 2017, but it has been at work in my mind since I was 8 years old. I have had a passion for wine all of my life. I learned from my grandfather, and have great memories with him and my family. I knew I wanted a career in wine. When I got the chance to take it I didn't look back.

Following my senior season of college, I wasted no time in finding work. I applied for a job in New Zealand as a cellar assistant. It was my first professional experience in wine. After New Zealand, I moved to Italy, and finally to Napa Valley.

I lived and worked in Napa for nearly 4 years altogether, learning from some great winemakers that are world renown. I was able to start my own wine label while working in California and am excited to finally release it this year.

Besides Napa, I also spend nearly four years living and working in Italy. While in Italy I worked for various wineries, bakeries, restaurants, and received my master’s in winemaking.

My goal all along has been to connect all of my experiences and share them with my hometown, Youngstown, Ohio. After a lot of planning and allowing things to develop I was able to create a plan to do just that. While in Italy I came across many osterias. The concept is exactly what I want to bring to Youngstown. A place that serves wine to the locals along with simple food and provides a sense of community. It has been fun to build the osteria each step of the way. I look forward to what comes next. The possibilities are endless.

 

Our recipes and techniques come from the Old World.

 

The Future

My plan for Yosteria is to continue to provide people in Youngstown with an Italian specialty store and market. We have a great following in our current shop with aims to expand to a full-scale osteria in downtown Youngstown. I aim to keep both locations. The space downtown will allow customers to enjoy a glass of wine and food on-premise, along with the chance to reserve private dinners for groups of 10-20 people.

With aims to always expand, I have my eyes set on places like Pittsburgh, Cleveland, and larger cities in the area.

 

We pride ourselves on the simplicity and quality of our ingredients. 

 

About the Owner

Alex Zordich desires to bring the tradition and culture of an Osteria to Youngstown. He has been traveling around the world working for different wineries and restaurants. He also got his degree in winemaking. The goal for Alex is to connect all of this knowledge and experiences into one concept, an osteria. A place that serves wine, food, and a sense of community.

 

Owner Alex at the bakery Panificio DiGesu' in Puglia, Italy.

 

Deal Summary

Deal Summary

 Issuer

 Yosteria LLC

 Doing Business As

 Yosteria

 Security Type

 Subordinated Secured Loan

 Loan Purpose

 Refinancing

 Offering Amount

 $20,000 - $60,000

 Interest Rate

 9.00% annually

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 36 months

 Personal Guaranty  

 Alex Zordich

 Security Interest

 2nd lien in the assets of the company, subordinate to existing Huntington Bank SBA lien

 Offered Portal 

 Honeycomb Portal LLC

 Offering Type

 Reg CF

 

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 Yosteria 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: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85   $9.53   $114.47
 $500  $14.25   $47.69   $572.39
 $1,000  $28.50   $95.39   $1,144.79
 $5,000  $37.25   $476.99   $5,723.95

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.*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 Yosteria 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.

Yosteria 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 Yosteria LLC a $250 posting fee and an 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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