GET A PIECE OF SAUCY BREW WORKS
Building Breweries the Saucy Way
$420,178.94 Raised
REASONS TO INVEST
Saucy opened in Columbus, OH and Orange Village, OH in 2020. In March 2021, we opened another brewpub in Detroit, MI, along with having plans to continue expansion well into 2023 and beyond.
Brewery has won multiple awards for its beer (2019, 2020 and 2021) and pizza (2017, 2019, 2020 and 2021)
Veterans of crowdfunding! Join over 2,700 investors who have successfully invested in Saucy’s previous Regulation Crowdfunding offering!
WELCOME BACK TO THE SAUCY STATE OF MIND
Saucy Brew Works was born and brewed in Ohio. We are a Cleveland-based production brewery and brewpub with roots in our hometown that have spread into Central Ohio and Michigan. We are midway through a massive expansion phase that originally included three brewpubs which opened in 2020-21, and now will include an expansive production facility that will double our brewing capabilities and additional brewpubs that cross beyond our state lines.
Our brewery prides itself on creating an environment where people can feel at home. Our mission? To always do the right thing, never sacrifice quality, and always provide for those around us through innovation, education, sustainability and community enhancement.
OUR BUSINESS MODEL
We use the “pub and spoke” approach; a production facility that supplies smaller, neighborhood-oriented pubs. This is important to us for a number of reasons, and we move forward following a three-step strategy.
First. We want to win in new markets, we believe that planting roots in each neighborhood leads to better traction and awareness than simply distributing beer. In doing so, we aim to amplify the communities we serve and provide unique experiences at each brewpub. We serve a variety of offerings for our beer enthusiasts, novices, and non-beer drinkers alike. As we continue to develop deep roots through our establishments and community partnerships, we will right-size our distribution to drive home the growth within that respective market, later expanding into additional cities and states.
Second. We need to have the ability to deploy our capital efficiently. Data from the Craft Brewer's Association shows that breweries tend to be inefficient when using capital sources to drive incremental changes to brewery infrastructure, which drives up fixed overhead. The real goal of capital deployment needs to be driving top-line growth. We have shown expertise with that, having the majority of proceeds from our previous StartEngine raise go towards geographical expansion.
Third. We invest in the People and Culture. One of the tenants of this raise is to give employees the opportunities and training to continue to advance their careers and take true ownership of our brand. We know that the more we invest in our team, the more they will invest back into their company and help build the communities we call home.
OUR TRACTION
DRIVING SALES
We are the fastest growing brand over the last 52 weeks in Information Resources, Inc. (IRI) sales, which is the "industry" term for grocery store sales, in our home market of Cleveland, leaping us into the Top 5 of highest selling craft breweries that are headquartered in Cleveland. In the entire state of Ohio, we became the fourth-fastest-growing brand over the last year and, sending us into the Top 35 breweries in sales for the entire state of Ohio. We compete with the more regional players in the space today and are heading our way into national territory.
LAUNCHING NEW PRODUCTS + SERVICES
In July 2020, we opened our first Coffeehouse in Orange, Ohio. Saucy Coffee has grown to three locations including Columbus, Ohio, and Detroit, Michigan. We plan to continue the expansion of our full-service Coffeehouse as we continue into new regions and introduce our signature line of packaged Whole Bean Coffee available at all Saucy locations and local grocery stores.
Saucy Coffee launched, which includes:
- Signature Coffee Drinks inspired by our beer recipes
- Hot and Cold Coffee Drinks including lattes, cappuccinos, espresso and teas
- Breakfast menu
- Packaged Whole Bean Coffee; House Roast Single Origin Colombian Roast & Seasonal Roasts
BEER AWARDS
- Bronze Medal - Ohio Craft Brewer's Cup - Fruit Beer: That's My Jam, 2020
- Bronze Medal - Ohio Craft Brewer's Cup - Wheat Beer: BF Hefe, 2020
- Bronze Medal - Cleveland Oktoberfest - IPA ASAP, 2019
- Bronze Medal - Cleveland Oktoberfest - Festbier, 2019
- Bronze Medal - King of Ohio - Love You, Bye 2019
BREWPUB AWARDS
- Ohio City, Inc.: Business of the Year 2021
- Silver Spoon Awards: Best Pizza in 2017, 2019, 2020 and 2021
- Cleveland.com: Best Brewery in Cleveland, 2019
- Silver Spoon Awards: 2nd Best Brewery, 2020 and 2021, second to Great Lakes Brewing Company both years
NATIONAL SPORTS PARTNERSHIPS
- Proud Craft Beer Partner of the Cleveland Cavaliers, 2018-2023
- Proud Craft Beer Partner of the Cleveland Monsters, 2018-2023
- Craft Beer Partner of the Columbus Crew, 2018-2019
COMMUNITY OUTREACH AND DEVELOPMENT
We live by a simple mantra, give until it hurts. Saucy has focused philanthropic efforts and neighborhood initiatives including annual give-back programs, friends and family fundraising, national campaigns, and environmental safety measures.
- Cleveland's Breakthrough Schools // Supported through annual sales of seasonal beer, B.F. Hefe
- Child and Family Advocates of Cuyahoga County // Supported through sales of Casa Lager, brewed in honor of Kevin O'Boyle
- Eriesponsible // Supported through "2021 Winter Olympics" event and collaboration sales with Twin Oast Brewing Company
- Make Them Know Your Name (MTKYN) // Supported through the partnership with Denzel Ward and the sale of Return of the Warden
- Sierra Nevada's Resilience Program // Supported through the sale of the Sierra Nevada Resilience beer program
- Cleveland Clinic // Partnership with their "Meals at Work" and "Grab and Go" programs in response to COVID-19
- Cleveland Service Industry // In response to COVID-19, we launched the Cleveland Tip Jar, a virtual tip jar hosted on clevelandtips.com to assist service industry employees whose livelihood was affected by the state-wide shutdown, which helped raise over $150,000.
 |  |
WHY WE'RE BACK
GEOGRAPHICAL EXPANSION AND INCREASED PRODUCTION
Why are we back? Simple. We want to create more value for our current and potential investors by continuing our expansion into new markets and finalizing the build of our largest production facility to date in Independence, Ohio. Saucy is fully committed to the list of projects below and expects to make significant progress on each of these before the end of 2021.
- Production Facility and Beerhall - Independence, OH: This production facility has been a dream of the original ownership team since day one. Once the facility is fully operational, it will boast enough production space to compete within the US Top 50 Breweries based on BBL volume. In addition to the brewing capacity increase, the space will serve as a stunning beerhall, event center, and outdoor beer garden for all ages to enjoy. It will serve as our official headquarters, providing a place for our management team to call home. Saucy now owns the land where we will be building. The land is adjacent to Top Golf, making it a destination location for Northeast Ohio visitors. We expect to break ground in early-Summer 2021.
- Brewpub - Charlotte, NC: Our first expansion effort out of the Midwest will be in North Carolina. The Queen City will become the first location within our second phase of geographical expansion. We are in the design phase with plans to begin construction in 2021.
- Food Truck(s): We intend to launch a fleet of food and beer trucks in our local markets as the opportunity coincides with our efforts to build more service options within our communities. With this concept, we will have the ability to meet and serve locals at various parks, festivals, concert venues, and more.
- Brewpub - Location TBD, Investor Choice: We will continue plans to expand outside of the Midwest, and intend to provide our investors with the opportunity to provide input on such locations. We have a few options currently on the table which include Nashville, TN, Tampa, FL, Miami, FL, and Park City, UT.
Independence Production Facility
Charlotte, NC Brewpub
 |  |
FOOD TRUCKS
Above are architectural renderings of the in-process brewpubs. As construction is in-progress, the final buildings may differ from the original renderings.
JOIN THE SAUCY POSSE
TOGETHER WE BUILD THE FOUNDATION FOR TOMORROW, BY DOING MORE OF WHAT WE LOVE TODAY.
We launched Saucy Brew Works with the idea in mind that we can build an elaborate brand alongside a vibrant community. We have seen our neighborhoods support us every step of the way, which has only inspired us to find more ways to have our community members become true brand ambassadors and contributing partners of our company.
With an incredible product, team, and support system, we believe that we have the potential materializing at a rapid rate to grow the Saucy Brew Works brand into the next craft beer typhoon. We have our core business model set, and we believe we are on a trajectory of sustainable growth. There is no room for complacency within the culture we've built, so we need you to continue pushing boundaries and driving true success.
A quote that we live by, "Even if you are on the right track, you'll get run over if you just sit there." So here we are, pushing ourselves to keep growing. Join the Saucy State of Mind and come along for the ride!
ABOUT
HEADQUARTERS
2885 Detroit Ave.
Cleveland, OH 44113
WEBSITE
View Site
Saucy Brew Works is an Ohio-based production brewery and brewpub based in Cleveland, Ohio. We are in the middle of a massive expansion phase that began with our Pinecrest and Columbus brewpubs opening in 2020, despite the pandemic, and our Detroit brewpub opening in March 2021. We are also set to start construction on our Independence production facility in 2021, along with getting ready for our Charlotte brewpub construction to start.
TEAM
Brent Zimmerman
CEO, Co-Founder and Manager
Favorite Saucy Beer: Love You, Bye
Eric Anderson
Chief Brewing Officer and Co-Founder
Favorite Saucy Beer: Habituale
Matt Shubeck
Chief Operations Officer
Favorite Saucy Beer: Festbier
David Lentz
Accounting Manager
Favorite Saucy Beer: Struggle Bus
Shelby Nicholson
Marketing Manager
Favorite Saucy Beer: Juicy Asap
Joe Baucco
Head of Design
Favorite Saucy Beer: What's His Nuts?
TERMS
Saucy Brew Works
Overview
PRICE PER SHARE
$1
DEADLINE
Dec 23, 2021
VALUATION
$112.73M
FUNDING GOAL
$10k - $3.97M
Breakdown
MIN INVESTMENT
$100
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
10,000
MAX NUMBER OF SHARES OFFERED
3,974,551
OFFERING TYPE
Equity
ASSET TYPE
Units
SHARES OFFERED
Class C Units
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Units offered subject to adjustment for bonus units. See Bonus info below.
Co-Issuance
Co-Issuer: Saucy Brew Works SE2 LLC
Address: 2885 Detroit Ave., Cleveland, OH 44113 State of Incorporation: OH
Date Incorporated: April 19, 2021
Investors will make their investments by investing in interests issued by the co-issuer, Saucy Brew Works SE2 LLC, for this offering, which is a special purpose vehicle (“SPV”).
Instead of issuing its securities directly to investors, the Company, Saucy Brew Works LLC, has decided to issue its securities to the SPV, which will then issue interests in the SPV to investors. The SPV has been formed by the Company and is a co-issuer of the securities being offered in this offering. The Company’s use of the SPV is intended to allow investors in the SPV to achieve the same economic exposure, voting power, and ability to assert rights under State and Federal law, and receive the same disclosures, as if they had invested directly in the Company. The Company’s use of the SPV will not result in any additional fees being charged to investors.
The SPV has been organized and will be operated for the sole purpose of directly acquiring, holding and disposing of the Company’s securities. As a result, an investor investing in the Company through the SPV will have the same relationship to the Company’s securities, in terms of number, denomination, type and rights, as if the investor invested directly in the Company.
In order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer indentification number). To the extent they have not already done so, each investor will be required to provide their TIN within the earlier of (i) two (2) years of making their investment or (ii) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherise payable to the investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agrement for additional information about tax filings.
Investment Incentives
Early Bird
First 7 days - Friends and family - 10% bonus shares
Next 7 days - 5% bonus shares
Volume Tiers
Tier 1 - $100 - 5% discount at all brewpubs + a Free Birthday Beer + 10% bonus units for repeat investors* + Investor Day invite (swag and large ticket giveaways included)
Tier 2 - $300 - 10% discount at all brewpubs
Tier 3 - $600 - $2 growler fills (limited to one per day / per investor for one calendar year from the campagin close day)
Tier 4 - $1,000 - 16oz - 4 pack of exclusive StartEngine Investor beer**|*** + 25% off online merchandise
Tier 5 - $3,500 - Quarterly Coffee Shipment***, which includes 1 bag of House Roast and 1 bag Seasonal Roast on each shipment + a Coffee Mug on the first shipment
Tier 6 - $5,000 - Saucy Brew Works LED Sign***
Tier 7 - $10,000 - 10% Bonus Units
Tier 8 - $25,000 - Invitation to Cavs game (investor + guest) with two members of management / ownership****
* Repeat investors must use the same email registered on StartEngine that was used for the original investment.
** Subject to the ability of our third-party partners to ship beer across state lines.
*** Cost of shipping will be passed on to the investor.
**** Travel and lodging expenses not included.
All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
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 $1.13/unit, you will receive and own 110 Class C units for $113. 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
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
PRESS
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
dewain channell
2 years ago
Will there be a K1 for 2020? If so, when please. This is the only investment that does this. We shouldn't have to wait till September for the info, well after we have done our taxes. Please let us know ASAP. Thanks
2
1
Brian Kovach
2 years ago
Any updates on the investment incentives? Did I get swindled?
5
5
Brian Kovach
2 years ago
How do we get our investment incentives. Specifically the $2 growlers?
0
8
JAMES NAJPAVER
2 years ago
Is the cannabis venture part of the investment? Also, what other ventures are there that are not mentioned here that we will all be involved in?
2
0
Ajith Potluri
2 years ago
Hi Saucy team
I know you guys are in growth and expansion mode, what is your near term and long term plans, do you have any exit strategy, if so how many years. 3-5 years or 7-10 years.
appreciate your response.
Thanks
0
3
paul hoffman
2 years ago
The more fund raisers the more investors the less profit for your investors.
0
0
paul hoffman
2 years ago
Growth is good but we want to see a return. I don’t live near your business so beer and specials mean nothing to me. I want to see profits along with growth. You get paid so save some for the investors.
1
2
paul hoffman
2 years ago
When will you pay your investors?
1
0
Jared Miles
2 years ago
I'm reinvested - great to see you guys continue to focus on growth and the long term! Keep it up! (Also I wasn't expecting this but I appreciate and still have your thank you letter from last investment)
1
0
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!
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, he/she is 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 cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation 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 get 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.
JOHN STONEBRAKER
2 years ago
0
0