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Security Type
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Other
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Categories
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Other
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Min Investment
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$100
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Offering Date
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June 23, 2020
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Expected Close Date
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September 23, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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Security Name: Class C Unit
$1.00 per share
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Valuation
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$82,430,000
Company Description
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.
Perks
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.
Key Deal Facts
Downtown Cleveland Brewpub voted best Brewery in 2019, along with best Pizza in Cleveland 2017, 2019 and 2020. We are also expanding to 4 more locations by the end of 2021
Official Craft Beer Partner of the Cleveland Cavaliers and Cleveland Monsters
Craft Beer Market is a $29.3B industry with Saucy experiencing 41% YOY barrel growth in 2019
Use of Proceeds
Working Capital: 15.0 - 96.5%
Capital Expenditures: 0 - 81.5%
StartEngine Platform Fees: 3.5%
Management Team / Advisory Board Bios
Brent Zimmerman
CEO, Co-Founder and Managing Member
Brent is lead in Operations Oversight, Capital raising, Financial oversight, and Growth & Innovation for Saucy Brew Works. Brent founded Brent Zimmerman Development LLC, responsible for developing or in development of over $100 million in Commercial Real Estate Projects in Ohio and several additional projects and companies including JJCBUS Master, Respring Capital Management and MPAM Credit Trading Partners.
Eric Anderson
Chief Brewing Officer and Co-Founder
Eric 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.
Matt Shubeck
Chief Operations Officer
Matt has10+ years’ experience in accounting and financial planning roles across industries including investment management, manufacturing, and government accounting. Matt manages business financial forecasting, cash flow, logistics and vendor management. Holds a Lean 6 Green Belt for operational streamlining and improvement.
Deal Notes
Security Name: Class C Unit
$1.00 per share