Sauce Bae
Early Stage
Sauce Bae, the only Bae you need.
Overview
Raised: $125,407
Total Commitments ($USD)
Platform
StartEngine
Start Date
08/17/2023
Close Date
11/17/2023
Min. Goal
$15,000
Max. Goal
$1,000,099
Min. Investment
$120
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.60
Pre-Money Valuation
$3,600,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
52
% of Min. Goal
836%
% of Max. Goal
13%
Likelihood of Max
Avg. Daily Raise
$3,135
# of Investors
179
Momentum
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Low
Sauce Bae, with a valuation of $3.6 million, is raising funds on StartEngine. The company makes healthy hot sauces with tantalizing flavors and clean ingredients. Sauce Bae’s sauces are low in sodium and include whole ingredients, including turmeric, and no artificial additives. The business sells its products through over 1,000 retail locations, including Safeway, Harris Teeter, ShopRite, and ACME, and has a lifetime revenue of $1 million. Kevin Erik Carbone founded Sauce Bae in July 2016. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, product development and optimizations, inventory, company employment, working capital, and contingency fund.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$355,454 |
$216,349 |
|
COGS |
$158,244 |
$65,674 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-133,640 |
$10,934 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$74,920 |
$14,907 |
|
Accounts Receivable |
$0 |
$3,597 |
|
Total Assets |
$155,256 |
$41,621 |
|
Short-Term Debt |
$10,965 |
$44,787 |
|
Long-Term Debt |
$326,618 |
$6,102 |
|
Total Liabilities |
$337,583 |
$50,889 |
Financials as of: 08/17/2023
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