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New York

Noble Pies

About Documents
47%
$23,400 Funded
$50,000 Target
18 days Time Left
23 Investors
$50,000 Min. Raise
$110,000 Max. Raise
60 mo. Term Length
9.75% Interest Rate
Invest

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Overview

We are a family-owned, locally grown pie bakery & farm nestled in the beautiful town of Warwick New York. We make award-winning savory & sweet pies that are fresh every day. We go out of our way to source our ingredients as fresh and local as possible. Each flavor and pie comes with its own story. Our whole family is in the business working to bring our customers the best-tasting pies with the highest quality ingredients!

We are known for our flavorful and flaky crust, with butter sourced from grass-fed cows in the region. Our recipes are influenced by our grandmother who grew up in Texas. Her heirloom baking techniques date back to over 100 years! What's more, our pies contain less sugar than natural sugars from sustainably grown fruit.

We have a wide customer base ranging from toddlers to octagenarians! When we rebranded, we became the go-to, farm-to-table pie bakery. Many of our customers pick up pies during their busy workweeks for their family dinner. Our sweet pies are also reserved for weddings, birthdays, and memorable get-togethers. We offer slices of both sweet + savory slices at our café with the option of a scoop of ice cream.

In 2020 we built the "model" café storefront to offer our customers a special pie experience that they will not forget. We've spent the last 10 months perfecting our café model and are now ready to bring Noble Pies to Westchester NY. In 2020 we separated from our cafe to a 2,000 sq ft commissary kitchen space. Our commissary kitchen model has the capacity to bake enough pies for a second storefront, accommodate Goldbelly Shipping of our pies, and serve more farmers markets.

We are raising $110,000 at a 9.75% interest rate, paid over a 60-month term.

 

Since 2008 - growing in leaps & bounds (and pies)!

 

The Project

Our business is opening a second storefront!

Second Store Opening Costs
Vehicle delivery van 170" Wheelbase $20,000
Storefront Renovations + Equipment $40,000
Second Month's Rent $5,000
Rental Fees $10,000

What's more, this growth project will allow us to reduce costs by purchasing equipment. With a small increase in commissary costs, we will be able to exponentially increase our profits. Additionally, with your investment, we will be able to ship our pies nationwide!

Commissary
Oven $2,000
3 Ingredient bins $1,000
2 Industrial Tables $1,075
1 Mixer Stand $205
80 Qt Mixing Bowl $3,400
Pie Press $5,000
Steam Kettle $5,000
1 Microwave $275
Shipping Fees $1,000
Electricity Upgrade $2,000
1 Month Staff Training $4,000
New Health Dept Inspection $300

Production Expansion Costs
Walk-in Refrigerator at barn $3,000
Walk-in freezer at barn $3,000
Partition wall for fulfillment room at barn $2,500

 

Nestled outside of New York City, in picturesque Warwick, NY.

 

What makes us stand out?

Customers are part and parcel of our success and pie options! We listen and actively respond to our customer requests. People love our heirloom-quality crusts and see us as their personal bakers!

 

Customer requested and approved!

Business

History

My grandmother taught me how to bake pie before I learned how to ride a bike. I baked my way into doctors' offices as a pharmaceutical sales rep. I hung up that apron after falling in love with rehabilitating horses and teaching children horseback riding. I purchased a horse farm and moved from the suburbs near NYC to Warwick, NY. The apron didn’t accumulate much dust! I entered my grandmother's apple pie into our small town’s Apple festival pie baking competition, taking home a prize.

The financial crisis of 2008 hit our horse business. A distressed conversation over pie at the dinner table lead me and my children to the side of the road with 15 apple pies, a picnic table, and some painted signs we made saying “Turn Back For Pie.” We sold out of pies in the first hour. I hopped in the car with the kids and went to the local orchard to pick as much fruit as we could, found a neighbor who just started making her own butter, brought it all back, and baked into the evening. An influx of pie customers slowing down traffic lead us to getting kicked off the road in front of our farm. That didn't stop us or our customers, who smelled their way right to the doorstep of our house. With a phone book of pie "regulars”, we managed to bake and deliver over 250 pies that Thanksgiving. We took the leap of faith and moved our picnic table into an empty store and purchased one oven with our Thanksgiving profits.

We follow our grandmother's baking techniques and philosophy for each pie - the best, simple ingredients are wrapped up in our dough with love & care from start to finish!

We work hard to locally source ingredients, bake seasonal pies, and support other local businesses. Surprising to some, we have a large following behind our savory pies - we sell as many savory pies as we do fruit pies at the bakery! We offer pie-making classes/parties for our customers where you get to bake with the owner Leslie Noble.

 

Humble (and roadside crumble!) heirloom recipes were the spark that led to Noble Pies.

 

The Future

In the next 1-3 years, we want to build a small-scale production facility. This will allow us to accommodate a third storefront and approach grocery stores with our pies.

 

This project will allow us to exponentially increase our profits, setting us on a good path for the future.

 

About the Owners

Leslie fell in love with cooking at a young age for her family. Her father, Jack Noble was a scientist who worked on several life-saving vaccines that are still used today. In college, she dabbled in biology and hospitality making for a well-rounded, multi career path ahead. Leslie opened the Pharmaceutical company Innapharma with her father after learning the ins and outs of the pharmaceutical industry working for American Cyanamid post-college. Leslie retired from the industry after having her third child. She wanted her children to be more connected with farming, nature, animals, and farming so she purchased a horse rehabilitation business in 2005. In 2008 the recession took the horse business away. Leslie's entrepreneurial skills kicked in. She didn't want to lose her farm. She sent her kids up the side of the road of their farm with her retired parents while she baked away in their home kitchen. She did this every weekend while helping her husband Tom who is a professional horse farrier shoe horse during the week. In less than a year, Noble Pies had their first storefront and both Leslie and Tom dedicated themselves full time to Noble Pies.

 

Tom, Leslie, and their son Zachary are really this happy - and you can taste the love in their pies!

 

 

 

Serious investors are encouraged to schedule a conversation with the Head of Operations, Zachary Bonder. 

Connect with Noble Pies!

Deal Summary

Deal Summary

 Issuer

 Noble Pies LLC

 Doing Business As

 Noble Pies

 Security Type

 Secured Loan

 Loan Purpose

 Open a new location, purchase a delivery vehicle, marketing costs  

 Offering Amount

 $50,000 - $110,000

 Interest Rate

 9.75% annually

 Payments

 Monthly, disbursed to investors quarterly

 Maturity

 60 months 

 Personal Guaranty  

 Leslie Noble

 Security Interest

 Blanket lien in assets of the company

 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 Noble Pies 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   $6.33   $126.74
 $500  $14.25   $31.68   $633.72
 $1,000  $28.50   $63.37   $1,267.45
 $5,000  $37.25   $316.86   $6,337.27

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 an amortization period. There are no prepayment penalties and Noble Pies 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.

Noble Pies 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 Noble Pies LLC a $250 posting fee and a 6.0% - 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.

Like what you see?  Check out our other campaigns here! 

View our
Offering Documents

Comments

Q & A

+ Will your current suppliers be able to meet the new demands from the increased output without degradation in quality of product?

Hello Jason, We are fortunate to be located in the Warwick Valley where we have an abundant number of farmers. The lower Hudson Valley gives us easy access to dairy products, vegetables, fruits and meats.

+ Can I invest more than once on the same campaign? I have a little money now, but I may have more to invest before the end of the campaign for Noble Pies.

Hi Richard, yes you can!

+ Why can I not invest without disclosing annual income or net worth?

Hi Jefferey, Thank you for your note and for your interest in the Noble Pies campaign! The long-short of it: Regulatory Crowdfunding, or Reg CF, has an investment cap on how much investors can invest in all Reg CF campaigns. This limitation exists because the US government wanted to protect people from investing more than they were able to financially lose after the Stock Market crash of 1929 (see: the Securities Act of 1933, https://bit.ly/2QoQ6vI). There are three parameters that factor into this specific calculation, which allows people to invest in a rolling 12 month period: annual income, net worth, and the amount you invest towards any other Reg CF in 365 days. If someone previously invested in a separate Reg CF platform and made a $100 investment, that would affect the total amount the investor makes in a Honeycomb Credit campaign. Regardless of net worth, however, anyone can invest $2,200 in a Honeycomb campaign. As of March 15, 2021, new changes in Reg CF brought about the following: *Anyone who is 18 years or older and has a U.S. tax identification number (such as a social security number) is eligible to invest $2,200 in a rolling 365 day period. *If either your income or your net worth is below $107,000 then your investment cap will be 5% of the greater of your income or net worth (if that value is less than $2,200, then your investment cap will be $2,200). *If both your income and net worth are greater than $107,000, then your investment cap will be based on 10% of the greater of your income or net worth. With all that said, we appreciate your question and hope that this information will help you as you review this specific investment opportunity. For further information on this topic, please navigate to this resource on investor protections: https://bit.ly/3dfh1Dk. Have a good rest of your day! Most sincerely, Lisa -- Customer Success Manager Honeycomb Credit