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.

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

View Source

Similar Deals

Alantes Corporate Finance Monticello Corporation dba Reid Super Save Market

2024

Venture Debt Supermarkets & Convenience Stores United States of America
Ravinia Capital Primex Family of Companies

2024

Venture Debt Consumer Goods Conglomerates United States of America
Alantes Corporate Finance Fresh Co Foods, LLC

2023

Venture Debt Ready-Made Meals United States of America
DC Community Ventures JRINK

2023

Venture Debt Fruit Drinks United States of America
Cyprium Investment Partners Caro Nut Company

2023

Venture Debt Snack Food & Non-Chocolate Confectionary United States of America
Patriot Capital Quality Brand Group

2023

Venture Debt Food Retail & Distribution (NEC) United States of America

Alantes Corporate Finance

invested in

Driftwood

in 2024

in a Venture Debt deal

Disclosed details

Transaction Size: $1M

Deal Parameters
Industry
Country
Seller type

Sign Up to Dealert