CLOSED
GET A PIECE OF SAUCY BREW WORKS
Building a brewery the Saucy Way
$1,025,448 Raised
TEAM
Brent Zimmerman • CEO, Co-Founder and Managing Member
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Matt Shubeck • Chief Operations Officer
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Eric Anderson • Chief Brewing Officer and Co-Founder
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ABOUT
HEADQUARTERS
2885 Detroit Ave.
Cleveland, OH 44113
WEBSITE
View Site
TERMS
Saucy Brew Works
Overview
PRICE PER SHARE
$1
DEADLINE
Dec. 24, 2020 at 7:59 AM UTC
VALUATION
$82.43M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$100
MAX INVESTMENT
$1,070,000
MIN NUMBER OF SHARES OFFERED
10,000
MAX NUMBER OF SHARES OFFERED
1,070,000
OFFERING TYPE
Equity
SHARES OFFERED
Class C Unit
Maximum Number of Shares Offered subject to adjustment for bonus shares
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
In reliance on Regulation Crowdfunding §227.303(g)(2), a funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
*Maximum number of units offered subject to adjustment for bonus units. See Bonus info below.
Company Perks*
Early Bird
Friends and Family Bonus - First 72 hours receive 10% bonus shares
Early Bird Bonus - Next 7 days hours receive 5% bonus shares
Tier 1 | $100
- One bottle of beer from our barrel aged program**
- Free Saucy Brew Works draft beer on birthday
- Free tour of the Cleveland Brewery
- 5% off at Saucy Brew Works taprooms
Tier 2 | $250
- 10% discount on all Saucy Brew Works merchandise
- Saucy Brew Works tin tacker
Tier 3 | $500
- 10% off Saucy Brew Works taprooms
- Annual 6-pack of beer released only to investors**
- 20% discount on all Saucy Merchandise
- Custom Saucy Brew Works hoodie
Tier 4 | $1,000
- Free online shipping for one year
- $2 growler fills for one year
Tier 5 | $3,500
- $500 tab at a Saucy Brew Works taproom
- Saucy Brew Works LED sign
Tier 6 | $5,000
- Invitation to Annual Investors Meeting and “Meet and Greet” with the Founders
- Custom Saucy Brew Works cooler
Tier 7 | $10,000
- 4-hour private event at a Saucy Brew Works Taproom, including a $500 tab
Tier 8 | $25,000
- Invitation to a Cleveland Cavaliers home game in a suite with the Saucy Brew Works ownership group
Tier 9 | $50,000
- Saucy Brew Works “Brewer for a Day” experience
* All perks are redeemable only after the offering is completed.
** Reward can be ONLY be picked up at the Cleveland Saucy Brew Works taproom or shipped to Ohio and Kentucky.
The 10% Bonus for StartEngine Unit Holders
Saucy Brew Works, LLC will offer 10% additional bonus units for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. owner's bonus.
This means eligible StartEngine Unit holders will receive a 10% bonus for any units they purchase in this offering. For example, if you buy 100 Class C Units at $1.00/unit, you will receive and own 110 Class C units for $100. Fractional units will not be distributed, and unit bonuses will be determined by rounding down to the nearest whole unit.
This 10% Bonus is only valid during the investor’s eligibility period. Investors eligible for this bonus also will have priority if they are on a waitlist to invest and the Company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
PRESS
Tips collected in virtual jar for Cleveland restaurant workers
Saucy Brew Works, in partnership with Code Red, started clevelandtips.com. The virtual tip jar has 1,500 industry workers already listed online. The tip jar works two ways: people can tip a random employee or patrons can look for their favorite server or bartender on the site
ALL UPDATES
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
