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Salsa God isn't accepting new investments

Salsa God’s deadline was February 18, 2020

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Salsa God

Give your tacos some religion
Food Latinx Founders B2C
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Featured image of Salsa God
$316,096
Raised
1,082
Investors
Successfully funded and closed on February 18, 2020.
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Closed on February 18, 2020. Information may not be up-to-date. Campaign closed on February 18, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Funding Biz. model Market Competition Vision and strategy Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Salsa God LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Salsa God Crowd SAFE.pdf
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Hear from some of the 1,082 investors in Salsa God


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Highlights


$250K+ revenue
Company had over $250K in revenue in the past 12 months
  • Rapidly growing Mexican food brand specializing in salsas & tortilla chips
  • Premium restaurant-style salsas available at your local grocery store
  • Simple, fresh ingredients; Non-GMO Project Verified and gluten-free
  • Award-winning recipes — 1st Place Awards at the 2019 Scovie Awards
  • Partnerships with major national retailers such as Whole Foods
  • Recently released Chips & Salsa Combo Pack - perfect for a snack on the go!
  • Exporting to Australia and looking to expand number of export markets

Problem


America is searching for authentic salsa

According to recent studies, salsa is consistently ranked in the top 5 condiments in the US, and salsa is the 2nd most popular condiment in terms of sales, even outselling ketchup. For the 213.6 million American salsa consumers, there is an overwhelming selection of salsa brands to choose from on store shelves, but the overwhelming majority of salsa brands have opted to sacrifice authenticity and flavor.

Why can't we buy chips & salsa together?

Chips and salsa are a classic snack enjoyed by millions of Americans, but consumers have had to buy each separately.  There are no convenient options for chips and salsa as an on-the-go snack.  

Solution


Restaurant-quality salsa that tastes homemade

Salsa God's line of restaurant-style salsas use only the simplest, best ingredients for the most delicious tasting salsas on the planet.

Salsa God invented the Single-Serve Chips & Salsa Combo Pack 

Salsa God has solved this problem with the release of our Grab & Go Chips & Salsa Combo Pack.  The Combo Pack contains a 3oz bag of tortilla chips and a 4oz cup of salsa - perfect for a convenient snack on the go!

Product


Salsa God Salsas are 100% authentic

And we have created a variety of different salsas that speak to everybody's preferences. 

We make sure that our salsas are accessible to many different dietary requirements and heat tolerances, and all our products are Non GMO Project Verified (Chips & Salsa Combo Pack to be certified in September 2019), vegan, allergen-free and gluten-free, and contain no added sugars (excludes Sriracha Salsa).

Salsa God brings the authentic taste of Mexico to consumers throughout the US. Shoppers can purchase our products at their local grocery stores and soon will be able to purchase our Grab & Go Chips & Salsa Combo Pack at convenience stores and grocery stores to be able to enjoy authentic chips & salsa at any time and any place. 


Traction


Award-winning salsa

Since launching the brand in November 2016, Salsa God has achieved rapid consumer adoption and has won multiple national awards for our salsas, including 1st place wins at the 2019 Scovie Awards, the 2019 World Hot Sauce Awards, the 2018 International Flavor Awards and the 2017 World Hot Sauce Awards. We've also experienced tremendous growth partnering with prestigious retailers such as Whole Foods, Albertsons, Safeway, HEB, Harris Teeter, and others who are helping us reach a wider audience of salsa and Mexican food enthusiasts.

Customers


Made for and by salsa enthusiasts

Salsa God was created by and for salsa enthusiasts. By partnering with major retailers, we are getting our product into the hands of consumers across the US.

Funding


Salsa God has been bootstrapping its operations since launching the brand

We've been raising minimal amounts of capital through friends and family.  We have outgrown our ability to raise sufficient capital from friends and family, so we are turning to the crowd!

Business model


Salsa God sells wholesale to distributors and large retail accounts

Salsa God branded products are typically resold to consumers at grocery stores in both the natural and conventional channels and convenience stores.  We expect the number of convenience stores carrying Salsa God products to rapidly grow in 2019 and 2020 with the release of the Chips & Salsa Combo Pack.  

Rapidly growing Points of Distribution

Salsa God was launched as a brand in November of 2016 into the Mid-Atlantic Region of Whole Foods Market.  Since the launch of the brand, Salsa God's points of distribution ("PODs") have grown from 40 stores at the end of 2016 to a projected 2,500 at 2019 year end.   Management estimates that there are approximately 1,750 PODs as of June 2019.  The PODs represented in the chart below are based on actual sales reports and management's estimates of PODs not captured by sales reports.

Gross sales projected to continue growing

Salsa God's gross sales have increased from ~$8K in 2016 to ~$360K in 2018.  We project continued growth in sales in 2019 as PODs continue to increase and as a result of the launch of the Chips & Salsa Combo Pack.  As the two charts show, an increase in PODs is highly correlated with an increase in sales.  

Salsa God's gross margins are attractive 

2019 Sales YTD - Shelf Stable SalsasMedium Fire
Roasted Red
Hot Fire
Roasted Red
Medium Salsa
Verde
Hot Salsa
Verde
Smoky Garlic
Chipotle
% of Gross Sales37.1%24.8%23.2%1.7%13.2%
% Gross Margin41.0%39.4%18.4%16.5%44.1%
Weighted Average
% Gross Margin
35.3%



Salsa God has managed to create a line of authentic, flavorful salsas without having to sacrifice gross margins in order to do so.  As is standard, Salsa God line prices all of its salsas (all flavors cost the same), and while two products have sub 20's margins, Salsa God's weighted average gross margins are very attractive at 35.3%.  Management projects that the weighted average gross margins will expand to 36.6% after completion of the fundraising campaign by utilizing the additional capacity to take advantage of early payment discounts with suppliers.  

The estimated gross margin percentage for the Chips & Salsa Combo pack is 40.0%, although this figure could vary slightly depending on certain cost inputs.

Chips & Salsa Combo Pack generated buzz at the 2019 Summer Fancy Food Show

Salsa God launched the Chips & Salsa Combo Pack at the 2019 Summer Fancy Food Show in New York City June 23rd - 25th.  Buyers' reactions to the product was overwhelmingly positive and exceeded even our very high expectations.  An all out sales effort is already underway to vastly expand Salsa God's PODs and to use the entry of the Combo Pack in new accounts to cross-sell the line of salsas.  

With the launch of Salsa God’s Chips & Salsa Combo Pack, we will now be expanding our sales channels to include convenience stores (C-Stores) and e-commerce.  The Chips & Salsa Combo Pack was specifically designed to be a Grab & Go item for resale at C-Stores.  There are over 150,000 C-Stores in the United States, and we believe that Salsa God products will be successful in penetrating this sales channel.  Additionally, we will be selling the Chips & Salsa Combo Pack through e-commerce platforms including Amazon.  

Growing PODs + Growing Sales + Expanded Sales Channels + Hot Product = Perfect Time to Invest

Market


Salsa is a hot market: $1.3B and growing

Valued at over $1B in annual sales, the salsa market is one of America’s most successful food markets. Salsa alone is seeing significant annual growth, increasing by at least 1% each year over the past five years. For the 213M+ people who consume salsa annually, this top condiment has become a staple of most US households.

Mexican Food, in general, is a hot and growing food trend globally.  As Mexican Food and salsa begins to gain acceptance around the world, the export markets for Salsa God will increase.

Competition


Salsa God stands out on store shelves

Whole Foods Market - California 2019

Southern California 2019

Whole Foods Market - Scottsdale, Arizona 2019

Salsa God has worked hard to differentiate itself from the competition in three main areas:


Vision and strategy


Up next: more products and bigger markets

If we reach our goal of $600K, Salsa God will be able to: 

Increase nationwide sales penetration

Salsa God plans to roll out a strategic marketing campaign geared toward increasing sales in the Northeast, Midwest and Southeast Regions of the United States.  Currently, Salsa God’s sales are concentrated in Texas and the Mid-Atlantic, Pacific Northwest and West Coast regions of the United States.  The additional capital will help fund a comprehensive digital marketing and coupon marketing program to encourage additional repeat purchases and introduce consumers to the Salsa God brand!  

Launch a line of fresh salsas

Salsa God has grand plans to launch a line of fresh, refrigerated salsas using recipes very similar to our award-winning shelf stable salsa recipes.  Having a line of fresh salsas will complement our current product offerings and help Salsa God capture additional revenue in the salsa category!

Roll out our Chips & Salsa Combo Pack nationwide

We are very excited about the recent launch of Salsa God’s Chips & Salsa Combo Pack, and we are eager to expand production in order to enable us to roll out the product to grocery stores and convenience stores all across the U.S.

Increase export markets

Increase the number of export markets that we are able to serve.  Currently Salsa God is exporting to Australia, and Salsa God is looking to expand into Brazil, Canada, Chile, Colombia, El Salvador, Kuwait, New Zealand, Panama, Peru, Taiwan and other markets.  

Founders


Danny Mayans

Chief Amigo

Salsa God is the result of a lifelong love of the vibrant and delicious flavors of Mexican Food and the unique and lively culture of Mexico.  Danny’s love for Mexican Food, and his passion for salsa began at an early age.  Born and raised in Texas, he grew up eating Mexican food and made frequent trips to Mexico to visit relatives and experience the culture. Danny’s travels throughout Mexico gave him the opportunity to experience the regional flavors of different areas within Mexico and develop a palette for all types of amazing salsas. You could say that Danny was and is a Salsa Fanatic!

Deal terms


Valuation cap

$6,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Salsa God occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Salsa God is accepting.
Learn more

Funding goal

$1.07M

Salsa God must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Salsa God needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Salsa God LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Salsa God Crowd SAFE.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Salsa God.
Invest
$250
Receive
  • A special thank you on salsagod.com
Invest
$1,000
Receive
  • New Product Sneak Peaks
  • Receive samples of Salsa God’s newest products before they are released to the public
  • Good for all new shelf stable products released in 2020.
2 investors
Invest
$2,500
Receive
  • Exhibitor Badge - 2020 Natural Products Expo West in Anaheim, CA March 4 - March 7, 2020
  • Discover the latest food trends, walk the expo and learn about the specialty food industry
  • Sold out (0 left of 2)
Invest
$5,000
Receive
  • Participate in the Annual Earnings/Results Investor Call
Invest
$25,000
Receive
  • Two Year Seat on Salsa God's Board of Advisors
  • Limited (3 left of 3)
Invest
$100,000
Receive
  • Create Your Own Salsa
  • Have your very own salsa carried as part of the Salsa God product line up
  • Develop and commercialize your salsa recipe with professional advice from Salsa God
  • Bragging Rights to all of your friends
  • Limited (2 left of 2)

Why others invested

See all reviews (0) See all (0)

Salsa God seems to have proven they have what it takes. When you look at the partners they have on board and they are in stores, why not choose Salsa God. I am excited, and can not wait for their growth!!

Profile picture of Sarah Britt
Sarah Britt
Active investor
over 5 years ago

I have thought about it and was interested in the start since I seen Salsa Gods. I love salsa for chips so believe it will have success with due time will grow and grow. They are branching out in many different areas. Salsa Gods are here to stay.

Profile picture of francisco medina
francisco medina
Active investor
over 5 years ago

I invested because after trying it, I realized there is nothing quite like Salsa God's product. I especially loved the idea that the salsa/chip combination will be available at airports. Also, international distribution is exciting!

Profile picture of Marla Cooper
Marla Cooper
Investor
over 5 years ago

About Salsa God

Legal Name
Salsa God LLC
Founded
Nov 2014
Form
Delaware LLC
Employees
1
Website
salsagod.com
Social Media
Headquarters
Google Map location of of Salsa God
802 9th Avenue , New York, NY
Headquarters
802 9th Avenue, New York, NY, United States 10019

Salsa God Team
Everyone helping build Salsa God, not limited to employees

Profile picture of Danny Mayans
Danny Mayans
Founder
Featured in Superheroes · Read
Danny Mayans
Founder

Press

SALSA OF THE GODS
Odessa American Odessa American
·
Aug 27, 2019

Before launching the Salsa God brand, Mayans was working at a securitization law firm in New York when the 2008 financial...

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Salsa God

Salsa God successfully raised $316,096 from 1082 investors on February 18, 2020
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kevin, abdul karim, Jesse M., Max, Stanislaw, and 1077 others invested. 302 Reviews
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