Saucy Brew Works

[Closed for Investment] Saucy Brew Works, with a pre-money valuation of $82.4 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 $1,070,000, and the funds will be used to expand and open three 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: $1,069,848

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
06/24/2020
Close Date
01/15/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$82,430,000

Company & Team

Company

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

Team

Employees
40
Founder Name
Brent Zimmerman
Title
CEO
Founder Name
Eric Anderson
Title
Chief Brewing Officer

Financials

 Revenue +26% YoY
$2,954,555
 Monthly Burn
$185,823
 Runway
1.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,954,555

$2,352,396

COGS

$3,297,969

$2,964,067

Tax

$0

$0

 

 

Net Income

$-2,229,880

$-2,410,892

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$211,029

$542,660

Accounts Receivable

$36,485

$9,663

Total Assets

$4,722,863

$5,056,480

Short-Term Debt

$980,097

$967,120

Long-Term Debt

$1,022,303

$633,481

Total Liabilities

$2,002,400

$1,600,601

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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
Platform: StartEngine
Security Type: Equity - Common
Valuation: $82,430,000
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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