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Saucy Brew Works

Operating

Saucy Brew Works LLC

Alcohol · Brewery · Cleveland, OH · Founded 2015

Saucy Brew Works is an Ohio-based production brewery and brewpub in sunny Cleveland, Ohio. We are embarking on a massive expansion phase that includes three more pubs and a production facility to support our growth.

Post-money valuation ⓘ
$65.1M
As of Apr 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$8,078,308
Crowd $1.7M · Private $6.4M · 7 rounds since 2017
Latest share price
$0.52
Reg CF · Common Stock · Oct 2023 offering price

Financials

FY2018–FY2023 · from SEC filings · hover any figure for its source
$2.4M
−$2.4M
2018
$3.0M
−$2.2M
2019
$3.6M
−$2.6M
2020
$7.1M
−$3.0M
2021
$8.8M
−$2.2M
2022
$10.7M
−$3.3M
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018 reviewed
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
Income statement
Revenue
$2,352,396
$2,954,555
$3,589,380
$7,144,008
$8,815,429
$10,683,733
Cost of goods sold
$2,694,067
$3,513,695
$3,494,051
$6,399,545
$7,797,692
$7,877,382
Gross margin
-15%
-19%
3%
10%
12%
26%
Net income
-$2,410,892
-$2,229,880
-$2,636,884
-$3,038,577
-$2,176,016
-$3,313,110
Taxes paid
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$542,660
$211,029
$82,388
$115,272
$261,154
$155,612
Accounts receivable
$9,663
$36,485
$91,859
$39,469
$137,115
$133,700
Total assets
$5,056,480
$4,722,863
$11,154,651
$10,456,594
$20,464,574
$16,489,151
Short-term debt
$967,120
$980,097
$1,987,532
$4,301,704
$3,345,260
$2,744,213
Long-term debt
$633,481
$1,022,303
$3,566,028
$695,888
$1,618,536
$3,006,582
Total liabilities
$1,600,601
$2,002,400
$5,553,560
$4,997,592
$4,963,796
$5,750,795
Other
Headcount
—
40
92
130
175
138

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$82.4M
pre-money
$112.7M
pre-money
$64.9M
pre-money
Reg CF · Common · Jun 2020
Reg CF · Common · Jun 2021
Reg CF · Common · Oct 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$1.00$0.01$0.0001
Jun 2017Oct 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Apr 2021 (-89.7%) · Oct 2022 (-90.8%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $224.5K / $5MInvestors 323Post-money $65.1M
Raised $417.6K / $4MInvestors 787Post-money $113.2M
Raised $1.1M / $1.1MInvestors 2,715Post-money $83.5M

Team

6 people
Brent ZimmermanFounder
CEO, Co-Founder and Manager

CEO and co-founder of Saucy Brew Works; leading the charge in capital raising, capital structure, branding, construction and team building functions. Including but not limited to expanding distribution state-wide as well as expanding the geographical footprint of wholly-owned company subsidiaries. Favorite Saucy Beer: Love You, Bye

Eric AndersonFounder
Chief Brewing Officer and Co-Founder

Conceptualized the creative development & overall brewery operations of Saucy Brew Works. He has been a Brewmaster for over 13 years. Eric has led such breweries as Cleveland Brewing Company, Butcher & The Brewer, Tremont Taphouse, Buckeye Beer Engine (engineer), and Buckeye Brewing Company (Head Brewer). Graduate of the Siebel Institute of Brewing Technology & World Brewing Academy. Favorite Saucy Beer: Habituale

Matt Shubeck
Chief Operations Officer

10+ years’ experience in accounting / financial planning roles across industries including investment management, manufacturing, and government accounting. Matt holds a Lean 6 Green Belt for operational streamlining and improvement. Matt manages business financial forecasting, logistics and vendor management. Favorite Saucy Beer: Festbier

Joe Baucco
Head of Design

With 11+ years of graphic design/advertising experience, Joe worked in advertising for 8 years before joining the Saucy team. He is responsible for the creative and strategic execution of all graphic design, video production, web design, and photography. Favorite Saucy Beer: What's His Nuts?

David Lentz
Accounting Manager

Certified Public Accountant with almost seven years of experience in public accounting primarily in the manufacturing, distribution and entertainment industries. Client repertoire ranged from $1.5 billion public companies requiring SEC audits to $100 million privately owned companies. David handles day-to-day accounting, cash-flow and HR. Favorite Saucy Beer: Struggle Bus

Shelby Nicholson
Marketing Manager

Focuses majorly on implementing initiatives to build consumer relationships and manage partnerships and collaborations with talent/influencers for Fortune 500 and startup brands alike with positive results for 7+ years. Shelby leads all marketing, e-commerce, and PR initiatives at Saucy. Favorite Saucy Beer: Juicy Asap

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 4 of 6 annual reports (FY2020–FY2025)

Missing: 2024, 2025

2,715 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-UMay 7, 20240001665160-24-000803
    EDGAR
  • Form C-ARApr 29, 20240001665160-24-000608
    EDGAR
  • Form C/AFeb 29, 20240001665160-24-000130
    EDGAR
  • Form C/AFeb 2, 20240001665160-24-000060
    EDGAR
  • Form C/AJan 17, 20240001665160-24-000025
    EDGAR
  • Form C/AJan 8, 20240001665160-24-000009
    EDGAR
  • Form COct 12, 20230001665160-23-001843
    EDGAR
  • Form C-ARApr 28, 20230001665160-23-001004
    EDGAR
Source: ManualCIK 0001810371OHShare price $0.52

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.