Sauce City
Prepared Foods
Overview
Raised: $3,950
Total Commitments ($USD)
Platform
Honeycomb
Start Date
12/21/2021
Close Date
01/31/2022
Min. Goal
$30,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/05/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$99
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
WASHINGTON, District of Columbia
Sauce City is raising funds on Honeycomb. The company makes super fresh and super spicy mambo sauce with a twist. It currently sells classic and super-spicy mambo sauces and two bloody mary mixes. The sauces of Sauce City are spicy, sweet, and tangy and go well on just about anything. Sauce City has been profitable in 2021 and has been featured in the Washington City Paper and the Columbia Heights Insider. Branden Givand founded Sauce City in August 2019. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $100,000. The campaign proceeds will be used for product testing, FDA certifications, digital marketing, warehousing, co-packing, rebranding, and packaging.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,636 |
$16,991 |
|
COGS |
$319 |
$5,662 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-19,492 |
$-19,315 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,750 |
$800 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$25,250 |
$27,100 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$17,500 |
$15,000 |
|
Total Liabilities |
$17,500 |
$15,000 |
Financials as of: 12/21/2021
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