Saucy Brew Works

Building Breweries the Saucy Way

Saucy Brew Works

Building Breweries the Saucy Way

Cleveland, OH
Food & Beverage
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.

$282,764

raised
$1,025,448
previously crowdfunded
506
Investors
$113M
Valuation
$1.00
Price per Share
$100.00
Min. Investment
Units
Security Type
Equity
Offering Type
$3.97M
Offering Max
Reg CF
Offering

$282,764

raised
$1,025,448
previously crowdfunded
506
Investors
$113M
Valuation
$1.00
Price per Share
$100.00
Min. Investment
Units
Security Type
Equity
Offering Type
$3.97M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Saucy Brew Works:

$100+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$100+
Investment
Tier 1
5% discount at all brewpubs + a Free Birthday Beer + 10% bonus units for repeat investors* + Investor Day invite (swag and large ticket giveaways included)
$300+
Investment
Tier 2
10% discount at all brewpubs
$600+
Investment
Tier 3
$2 growler fills (limited to one per day / per investor for one calendar year from the campagin close day)
$1,000+
Investment
Tier 4
- 16oz - 4 pack of exclusive StartEngine Investor beer** + 25% off online merchandise
$3,500+
Investment
Tier 5
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
$5,000+
Investment
Tier 6
Saucy Brew Works LED Sign***
$10,000+
Investment
Tier 7
10% Bonus Units
$25,000+
Investment
Tier 8
Invitation to Cavs game (investor + guest) with two members of management / ownership****

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!

In the Press

Cleveland.com

Saucy Brew Works moving ahead with Independence brewery-pub-event space

FreshWater

Let the good vibes roll: Saucy Brew Works woos investors and opens two new locations

ThisWeek Community News

Saucy brewing beer, coffee in Columbus' Harrison West

Detroit Metro Times

Saucy Brew Works expects to open Detroit location in March

19 News

Meals for Northeast Ohio’s caregivers providing a lifeline for restaurants, support for frontline workers

Cleveland Scene

Cleveland Virtual Tip Jar Created to Help Local Service Industry Workers During COVID-19 Shutdown

Offering Summary


Company

:

Saucy Brew Works, LLC

Corporate Address

:

2885 Detroit Ave., Cleveland, OH 44113

Offering Minimum

:

$10,000.00

Offering Maximum

:

$3,974,551.00

Minimum Investment Amount

(per investor)

:

$100.00











Terms


Offering Type

:

Equity

Security Name

:

Class C Units

Minimum Number of Shares Offered

:

10,000

Maximum Number of Shares Offered

:

3,974,551

Price per Share

:

$1.00

Pre-Money Valuation

:

$112,731,764.00











*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.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$11,154,651.00 USD
$4,722,863.00 USD
Cash And Cash Equivalents
$82,388.00 USD
$211,029.00 USD
Accounts Receivable
$91,859.00 USD
$36,485.00 USD
Short Term Debt
$1,987,532.00 USD
$560,120.00 USD
Long Term Debt
$3,566,028.00 USD
$400,044.00 USD
Revenues And Sales
$3,589,380.00 USD
$2,954,555.00 USD
Costs Of Goods Sold
$3,850,234.00 USD
$3,513,695.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,636,884.00 USD
-$2,229,880.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

29 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Saucy Brew Works has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Saucy Brew Works be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

$250k Raised | FOUR-YEAR ANNIVERSARY PARTY

about 1 month ago

First off, thank you all for your support that's led to a raise of $250,000+ in the first month of our campaign! You all are incredible and we're thrilled to have more members join our investment team.

Secondly. This weekend marks our fourth anniversary and we are ready to celebrate! Join us this Saturday, July 10th at the Vibe Garden in Cleveland, Ohio. There will be live music, games, giveaways & a whole lot of beer flowing as we release 7 NEW BEERS! If you cannot make it to the Vibe Garden, each location will be celebrating with the same 7 beers and their own unique giveaways. 

Can't wait to see you all this weekend!  


Last Call for the Early Birds!

about 2 months ago

We have three days remaining until our Early Bird offer disappears for good. Don’t miss out on this opportunity to earn your bonus for investing in Saucy Brew Works within these first few days of our raise. With over 345 investors and over 4,500 followers, we’re ready to reward all of you for supporting us.

Also. Starting on Monday, June 21, be on the lookout for us on your favorite news channels! We will be launching our second set of national commercials to continue to drive brand awareness and loyalty!

Best Investment on StartEngine // Final Day for Friends and Family

about 2 months ago

Thanks to those at Investor Place for naming us the best start-up on StartEngine right now! Take a look below! 

FINAL REMINDER: Keep in mind, today is the last day for the friends and family bonus shares. Don’t miss your chance!


First Three Day Update // Perks Reminder

about 2 months ago

WOW! Three days and you all have already helped raise over $121,000! Let’s keep the momentum going into the weekend by sharing this raise with your family and friends before the early bird bonuses end. Remember, if you are an existing investor from our first raise, you’ll receive an additional bonus on top of that! From everyone here at Saucy Brew Works, thank you & cheers!

Campaign Welcome!

about 2 months ago

$70,000+ raised in less than 16 hours – Talk about launching this campaign the Saucy way!

First we want to say thank you to our early investors. It seems a lot of you are repeat investors from raise no. 1, so to you we say, welcome back! We hope that these investments are a testament to your belief in us as a Company as we continue to grow this brand into a regional powerhouse. To everyone who has joined our team, we look forward to working with you here in the near term! We try to be an open book and we will communicate with you all as we continue to hit different milestones in our growth as a Company. If you have any questions, please leave a comment and we will do our best to respond.

Don’t forget, If you are a returning investor of ours from Start Engine, you have 6 days lefts to double dip on the Early Bird bonus units AND the repeat investor bonus units. You do not want to miss this opportunity!

Cheers! 

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