Saucy Brew Works

[Closed for Investment] Saucy Brew Works, with a pre-money valuation of $113 million, is raising funds on StartEngine. The production brewery and brewpub focuses on high-quality products, including imaginative beer and food. The beers and brewpubs of Saucy Brew Works provide consistent quality and experience and have won several awards. Saucy Brew Works was founded by Eric Anderson and Brent Zimmerman in June 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,974,551, and the funds will be used to expand and open new pubs and a production facility. Saucy Brew Works is led by a passionate and experienced team and is one of the best breweries in Northeast Ohio.

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Investment Overview

Raised this Round: Raised: $420,438

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/09/2021
Close Date
12/22/2021
Min. Goal
$10,000
Max. Goal
$3,974,551
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$112,731,764

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Cleveland, Ohio
Business Type
Life Style
Company Website
Visit Website

Team

Employees
92
Prior Founder Exits?
No
Founder Name
Brent Zimmerman
Title
CEO
Founder Name
Eric Anderson
Title
Chief Brewing Officer

Financials

 Revenue +21% YoY
$3,589,380
 Monthly Burn
$219,740
 Runway
0.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,589,380

$2,954,555

COGS

$3,850,234

$3,513,695

Tax

$0

$0

 

 

Net Income

$-2,636,884

$-2,229,880

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$82,388

$211,029

Accounts Receivable

$91,859

$36,485

Total Assets

$11,154,651

$4,722,863

Short-Term Debt

$1,987,532

$560,120

Long-Term Debt

$3,566,028

$400,044

Total Liabilities

$5,553,560

$960,164

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 StartEngine $64,897,011 $246,312 Equity - Common Funded RegCF
12/22/2021 StartEngine $112,731,764 $420,438 Equity - Common Funded RegCF
01/15/2021 StartEngine $82,430,000 $1,069,848 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Saucy Brew Works on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $112,731,764
Price per Share: $1.00

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Warning: according to the close date for this deal, Saucy Brew Works may no longer be accepting investments.

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