Savannah Sauce Company

Savannah Sauce Company

Early Stage

When life throws tomatoes at you; make salsa!

When life throws tomatoes at you; make salsa!

Overview

Raised this Round: Raised: $100,576

Total Commitments ($USD)

Platform

Wefunder

Start Date

06/07/2020

Close Date

09/28/2020

Min. Goal
$20,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$1,000,000

Discount

10%

Year Founded

2014

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Savannah, Georgia

Business Type

Life Style

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.

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

Financials as of: 06/07/2020
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /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

Founder Profile

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