Data / Crowdfunding / Georgia / Savannah Sauce Company, Inc.
Savannah Sauce Company, Inc.: crowdfunding raise on Wefunder Portal LLC, $20,000 to $250,000 (2020)
Savannah Sauce Company, Inc., a corporation in Savannah, GA, filed a Form C with the SEC on August 5, 2020 to raise $20,000 to $250,000 in Convertible Note through Wefunder Portal LLC. The offering closed on August 27, 2020. In its most recent fiscal year it reported $137,051 in revenue and $43,788 in net income, with 2 employees.
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- Website
- www.savannahsaucecompany.com
- Funding portal
- Wefunder Portal LLC
- Address
- 126 Lakepointe Dr, Savannah, GA 31407
- Legal form
- Corporation
- Jurisdiction
- GA
- Incorporated
- September 21, 2014
- SEC CIK
- 0001809773
Offering terms
From the amendment filed August 5, 2020.
- Security
- Convertible Note
- Price
- $1.00
- Target
- $20,000
- Maximum
- $250,000
- Deadline
- August 27, 2020
- Portal compensation
- <p>7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.</p>
Financials
From the Form C/A filed August 5, 2020.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $137,051 | $96,515 | sec.gov |
| Cost of goods sold | $43,629 | $61,952 | sec.gov |
| Net income | $43,788 | $18,667 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $134,983 | $91,199 | sec.gov |
| Cash | $89,679 | $36,047 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 5, 2020 | Amendment | $20,000 | $250,000 | August 27, 2020 | Lowering minimum fundraising target. | sec.gov |
| May 19, 2020 | Offering | $50,000 | $250,000 | August 27, 2020 | sec.gov |
Updated August 5, 2020. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.