Savannah Sauce Company

Neutral
BETA

When life throws tomatoes at you; make salsa!

Analytics

Raised to Date: $100,576

Aggregate 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

Funding Type

RegCF

Series

Seed

Valuation Cap

$1,000,000

Discount Rate

10%

Weekly Commitments $
Status
Funded
Reporting Date

10/04/2020

Days Remaining
Funded
% of Min. Goal

503%

% of Max. Goal

40%

Likelihood of Max
Funded
Avg. Daily Raise

$898

# of Investors

85

Momentum
Funded
Location

Savannah, GA

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B

Margin

High

Capital Intensity

High

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

Ratings

last updated 10/11/2020

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