Sauce City

Early Stage

Prepared Foods

Analytics

Raised to Date: Raised: $3,950

Aggregate Commitments $

Platform

Honeycomb

Start Date

12/22/2021

Close Date

01/31/2022

Min. Goal

$30,000

Max. Goal

$100,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

12

% of Min. Goal

13%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$141

Momentum
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Location

WASHINGTON, District of Columbia

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

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: 12/22/2021
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Sauce City on Honeycomb 2021
$
Platform: Honeycomb
Security Type: Debt

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