Saucy Brew Works

Early Stage

Building a brewery the Saucy Way

Analytics

Raised to Date: Raised: $1,069,848

Aggregate Commitments $

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

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$82,430,000

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2021

Days Remaining
Funded
% of Min. Goal

10,698%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$5,219

Momentum
Funded
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Location

Cleveland, Ohio

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Growth

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.

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

Financials as of: 06/24/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Saucy Brew Works 12/22/2021 StartEngine $112,731,764 $420,438 Equity - Common Funded RegCF
Saucy Brew Works 01/15/2021 StartEngine $82,430,000 $1,069,848 Equity - Common Funded RegCF
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Saucy Brew Works on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $82,430,000
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