Mamo’s Garlic Sauce

Mamo’s Garlic Sauce

food manufacturing

food manufacturing

Overview

Raised this Round: 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    Open SEC Filing

Return Multiple

1.50X

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Lockhart, Texas

Business Type

Life Style

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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Mamo’s Garlic Sauce on MainVest 2021
Platform: MainVest
Security Type: Revenue Share

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