Saucy Brew Works

[Closed for Investment] Saucy Brew Works, with a valuation of $64.9 million, is raising funds on StartEngine. The production brewery and brewpub focuses on high-quality products, including imaginative beer and food. Saucy Brew Works’ beers and brewpubs provide consistent quality and experience and have won several awards. The business is led by a passionate and experienced team and is one of the best breweries in Northeast Ohio. Brent Zimmerman founded Saucy Brew Works in June 2015. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $5 million. The campaign proceeds will be used for geographical expansion, product innovation, working capital, marketing, and debt reduction.

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Investment Overview

Raised this Round: Raised: $246,312

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/13/2023
Close Date
04/29/2024
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.52

Pre-Money Valuation

$64,897,011

Company & Team

Company

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

Team

Employees
142
Prior Founder Exits?
No
Founder Name
Brent Zimmerman
Title
CEO
Founder Name
Eric Anderson
Title
Chief Brewing Officer

Financials

as of Fiscal Year 2022
 Revenue +23% YoY
$8,815,429
 Monthly Burn
$181,335
 Runway
1.4 months
Gross Margin
23%
View Detailed Financials Expand

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$8,815,429

$7,144,008

COGS

$6,825,876

$6,399,545

Tax

$0

$0

 

 

Net Income

$-2,176,016

$-3,038,577

Summary Balance Sheet

FY 2022 FY 2021

Cash

$261,154

$115,272

Accounts Receivable

$137,115

$49,369

Total Assets

$20,464,574

$10,456,594

Short-Term Debt

$6,157,469

$5,768,073

Long-Term Debt

$13,052,505

$1,842,588

Total Liabilities

$19,209,974

$7,610,661
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,861,033
VC Backed?
No
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 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $64,897,011
Price per Share: $0.52

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

Saucy Brew Works Deal Report

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