Savannah Sauce Company
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.
Investment Overview
Invested : $100,576
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 06/08/2020
- Close Date
- 09/28/2020
$20,000
$250,000
$100
Convertible Note
Early Stage
RegCF
$1,000,000
10%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +42% YoY
- $137,051
- Monthly Burn
- Profitable
-
Cash on Hand
- $89,679
- Gross Margin
- 68%
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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 |
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.