Mamo’s Garlic Sauce
food manufacturing
Overview
Raised: $22,100
Total Commitments ($USD)
Platform
MainVest
Start Date
08/03/2021
Close Date
10/01/2021
Min. Goal
$20,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$381
# of Investors
29
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Mamo’s Garlic Sauce, a garlic sauce brand in Lockhart, TX, is raising funds on MainVest. The business makes iconic garlic sauce using natural ingredients, including almonds, garlic, balsamic vinegar, extra-virgin olive oil, pink Himalayan sea salt, and filtered water. The garlic sauce comes in two flavors, The Gold Sauce made with raw garlic, and The Black Sauce made with fermented garlic. Michelle D Dean and Kristy Glomb founded Mamo’s Garlic Sauce in May 2019. The proceeds of the current crowdfunding raise, with a minimum goal of $20,000 and a maximum goal of $50,000, will be used to purchase new equipment, implement new marketing strategies, and revive the brand. Mamo’s Garlic Sauce products are healthy and delicious and are friendly additions to any dietary lifestyle.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$33,391 |
$13,562 |
|
COGS |
$7,346 |
$3,315 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$7,987 |
$1,792 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$9,779 |
$407 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$11,164 |
$1,385 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/03/2021
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