What is 916 Riverside?
916 Riverside is a hospitality establishment situated on the shores of Oneida Lake. Formerly known as Castaways, the restaurant has undergone a change in ownership and a significant facelift. Under the new leadership of Jake Paetow, son of the long-time owner Jerry Paetow, the establishment boasts a scenic outdoor patio and bar, alongside a spacious dock catering to summer boating enthusiasts. The company is poised for a strong summer season, leveraging its prime location and refreshed amenities.
How much funding has 916 Riverside raised?
916 Riverside has raised a total of $60K across 1 funding round:
Debt
$60K
Debt (2021): $60K with participation from PPP
Key Investors in 916 Riverside
PPP
Public-Private Partnership
What's next for 916 Riverside?
With the recent influx of substantial expansion capital, 916 Riverside is strategically positioned for significant growth and operational enhancement. The company's focus on leveraging its lakeside location, outdoor amenities, and updated facilities suggests a strategy aimed at capturing a larger share of the seasonal tourism and local dining market. Future developments may include enhanced event hosting capabilities, expanded menu offerings, and further integration with the boating community, all supported by this latest round of investment.
See full 916 Riverside company page
