Savannah Sauce Company

Savannah Sauce Company

Closed: Sep. 2020

About this raise

Savannah Sauce Company, with a valuation cap of $2 million, is raising funds on Wefunder. The company makes and sells wholesome, homemade, and delicious sauces. The sauces are great tasting and meet the dietary and quality requirements of health-conscious customers. The product line of Savannah Sauce Company includes hot sauces, ketchups, BBQ sauce, marinades, and other assorted sauces. Savannah Sauce Company was founded by Tracey Richburg and Michael Roberson in 2014 and has raised $80,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for marketing, distribution, and inventory. Savannah Sauce Company already has its signature sauces in 46 Whole Foods Market stores in the southern region. The sales of the company have not been negatively impacted by COVID-19.

Expand

Investment Overview

Invested this round: $100,576

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
06/08/2020
Close Date
09/28/2020
Min. Goal
$20,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

10%

Company & Team

Company

Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
Savannah, Georgia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
2
Founder Name
Michael Roberson
Title
President and CEO

Financials

 Revenue +42% YoY
$137,051
 Monthly Burn
Profitable
 Cash on Hand
$89,679
 Gross Margin
68%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$137,051

$96,515

COGS

$43,629

$61,952

Tax

$0

$0

 

 

Net Income

$43,788

$18,667

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$89,679

$36,047

Accounts Receivable

$0

$0

Total Assets

$134,983

$91,199

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/28/2020 Wefunder $1,000,000 $100,576 Convertible Note Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Founder Interview

Savanah Sauce Founder Michael Roberson on Philanthropy and Profit

Not all startups want to create the next technological breakthrough. Some companies are more focused on making a great product and giving back to their community while they're at it. That's the ethos of Savannah Sauce Company. This Georgia-based startup makes sauces of all kinds, from hot sauce to marinades to relish.

Savannah Sauce Company is dedicated to doing more than just running a business though. We spoke to founder Michael Roberson about what he calls "the sweet spot" where profits meet philanthropy and what investors should know about Savannah Sauce Company.

Note: This interview was conducted over email. It has been lightly edited for clarity and length.

 

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Savannah Sauce Company on Wefunder
Platform: Wefunder
Security Type: Convertible Note
Valuation: $1,000,000

Follow company

Follow Savannah Sauce Company on Wefunder

Buy Savannah Sauce Company's Deal Report

Warning: according to the close date for this deal, Savannah Sauce Company may no longer be accepting investments.

Savannah Sauce Company Deal Report

Get Kingscrowd's comprehensive report on Savannah Sauce Company including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Savannah Sauce Company is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Savannah Sauce Company deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge