First, take a saucepan. Add tomato sauce, hot sauce, apple cider vinegar, and lemon juice there. Mix everything well and cook on a low heat.
Add honey and brown sugar in the mixture. Stir them until they dissolve.
Next, add garlic powder, onion powder, smoked paprika, and black pepper. Mix everything thoroughly.
Now add butter and stir the mixture again until the butter melts completely.
Let the sauce simmer for 10 to 15 minutes or until it becomes thick.
Taste the sauce to see if everything is perfect or not.
Let the sauce cool and then you can store it in an airtight container and then in refrigerator.