Driftwood secured an $800,000 Real Estate Term Loan to refinance high-cost debt and support growth initiatives, positioning itself favorably in the competitive South Florida dining market.
About the Company
Driftwood, located in Boynton Beach, South Florida, is a distinctive dining establishment that opened its doors in 2017. Founded by the dynamic husband-and-wife team of Jimmy Everett and Ilia Gonzalez, alongside skilled mixologist Freddy Schwenk, Driftwood embodies a commitment to culinary excellence and sustainability. The restaurant takes pride in its local sourcing, establishing fruitful partnerships with regional artisans and farmers who share its vision for quality.
The menu at Driftwood reflects the team's passion and innovation, with offerings such as the Local Beets Caesar salad infused with smoked house bottarga and Parmigiano Reggiano, and the rich Rigatoni Bolognese featuring a housemade whipped ricotta topping. Inclusion of fresh local seafood is paramount, culminating in daily Fish en Papillote prepared with the best catches and seasonal vegetables. Additionally, dessert delights such as the Affogato, made with decadent chocolate from 51/50 in Delray Beach, showcase Driftwood's commitment to enhancing dining experiences through thoughtful ingredient selection.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
In the United States, the restaurant industry has seen significant growth, especially in locales like South Florida, where tourism and local dining trends converge to create a rich culinary scene. The resurgence of interest in locally sourced and sustainable in
Similar Deals
Alantes Corporate Finance → Monticello Corporation dba Reid Super Save Market
2024
Ravinia Capital → Primex Family of Companies
2024
Alantes Corporate Finance → Fresh Co Foods, LLC
2023
Cyprium Investment Partners → Caro Nut Company
2023
Patriot Capital → Quality Brand Group
2023
Alantes Corporate Finance
invested in
Driftwood
in 2024
in a Venture Debt deal
Disclosed details
Transaction Size: $1M