Project Description

We gave LuckyBolt a flexible impact loan to allow them to grow their commissary kitchen into a Kitchen + Takeaway. With this loan, the social enterprise created a distribution hub for local farms and created local jobs. They also hired veterans and graduates of Kitchens For Good’s culinary apprenticeship program.

What they do

LuckyBolt is a healthy food service social enterprise. They deliver bulk orders of lunches from their kitchen and local restaurants to corporate areas.

What they stand for

LuckyBolt makes it easy & affordable to eat healthy while supporting sustainable farming. The team seeks to create a better connected local food system.

Why we invested

LuckyBolt outgrew their shared commercial kitchen and needed to expand. With our impact loan, they created a new space to connect local farms with restaurants, caterers and wholesale customers. This improves the lives of community farmers and provides fresh, high-quality ingredients to a wider audience.

Learn more about LuckyBolt on their website.

Updates:

7/2018 — The LuckyBolt Kitchen + Takeaway opened in Sorrento Valley

12/2018 — The team is on track to open a second retail location! This increases meal production at their main kitchen and allows them to save with larger bulk orders.

8/2019 — Check out our interview with founder Kris Schlesser about how he plans to uplift people with barriers to employment by hiring veterans and Kitchens for Good social enterprise apprentices to launch their culinary careers.

3/2020 — Due to COVID-19-related office closures, LuckyBolt began to offer at-home delivery of pantry staples and rotating meal specials twice a week. They continue to prioritize local, sustainable food systems by sourcing produce from San Diego-based JR Organics Farm and offering freshly baked bread, muffins and more from local baker Justin Dallas Gaspar. Founder Kris Schlesser even had sandwiches delivered to those on the front lines.

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Project Details

  • Impact SegmentQuality Job Creation and Advancing Local Markets
  • Impact VehicleAdvance
  • Investment Details$250,000 loan made in February 2018
  • Impact GeographySan Diego County
  • LeadershipKris Schlesser
  • Year Founded2011