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Algarve Rock Brewery

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Award-winning Portuguese craft brewery supplying major outlets, supermarkets and restaurants in Portugal.

112%
 - 
Funded 16 Jun 2020
£250,001 target
£281,607 from 392 investors
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Business overview

Location Brecon, United Kingdom
Social media
Website algarverock.com
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 12164445
Incorporation date 19 Aug 2019
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Investment summary

Type Equity
Valuation (pre-money) £1.8M
Equity offered 13.54%
Tax relief

EIS

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Business highlights

  • Winner of Best Stout - Trujillo Festival 2018, Spain
  • Supplier of house beer to Casa do Frango, London.
  • Prestigious location on the Algarve, Portugal.
  • Stocked by Portuguese supermarkets and major distributors
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Key features

  • Secondary Market
  • Nominee investment min. £10.72 +

Idea

Introduction

Algarve Rock was born in 2017 with the aim of revolutionising the traditional Portuguese beer landscape. By creating a high output brewery on the Iberian peninsula, we are on a mission to put Portuguese craft beer on the map with flavoursome beers that embody local ingredients. Having successfully commercialised our beers in the Algarve, we are looking to expand at home and afar by increased output and own themed Brewbars. To do this, we need your help.

Intended impact

Craft beer is in its early stages in Portugal and we want to follow the growing trend it has around the world. The global craft beer market is expected to reach nearly $187 billion by 2025. Algarve Rock was created to join this booming market and has established itself in only 18 months of operation.

The time is ripe to dominate the Portuguese market with increased marketing including own themed BrewBars. Concurrently, export markets are being developed to the UK and Italy and we are planning to develop an export market to the USA.

Craft beer consumption is growing globally and Algarve Rock offer a range of high-quality hand-crafted beers with new ciders in the future.

Our beer recipes, quality and consistency are created with the help of top UK brewers and experienced staff in Portugal. Our 3,000 litre Brew House and associated fermentation vessels and auto bottling line provide us with the tools to produce 36,000 litres per month, readily expandable to 80,000 litres to meet growing demand.

Substantial accomplishments to date

In under 18 months brewing we:

º Won Best Stout at prestigious Trujillo beer festival in Spain
º Supply major distributors Emprodalbe (Algarve) and Drink Cool (Lisbon)
º Are stocked by prestigious supermarkets including Apolonia
º Brew 'house' beers for Quinta do Lago group and Casa do Frango restaurants in London
º Featured in numerous press articles
º Developed a unique Piri Piri Pilsner (chilli pilsner lager)
º We are planning to finalise a range of craft cider to be launched under separate branding

The above was achieved by investing in state of the art brewing and bottling equipment, using top consultants and developing a high-quality brand image.

The groundwork has been done and we have prepared plans to open an exciting craft beer kiosk at large shopping mall. In the future we plan to follow this with themed BrewBars across Portugal.

Monetisation strategy

Now we are looking to expand output, sales and profit margins while fixing low overheads. We are looking to achieve a high ROI.

This would be through:
- Direct sales via own Brewbars with the aim of achieving premium profit margins.
- Expanding output and efficient use of brewery equipment with the aim to produce higher profit margins.

We believe that enhancing brand awareness and being positioned to join in with the growth of the global craft beer market should provide significant profit.

Algarve Rock Portuguese craft beer is an innovative addition to the UK market. Following our first 18 months establishing and developing our brand we are ready to step up a gear and join an exciting market.

We love brewing great beer and we are business focussed to make this a success.

Use of proceeds

Funds will be used in 5 main areas:

Open Algarve Rock themed Brewbars and Brew kiosks - 40%

Increase exports especially to UK and USA - 10%

Strengthen brand identity - 10%

Expand Team - 15%

Improve/expand brewery to cope with increased demand - 25%

Our first BrewKiosk (the first of its kind in a major shopping mall in Portugal attracting over 750,000 visitors per month) has been approved and designed ready to open next year.

We have made sales in the UK including Casa do Frango group and we are in talks with major distributors.

We have commissioned experts to improve our branding from bottles to website. This is expected to be live in January, backed by advertising and media campaigns.

We are also interviewing for new team members to help us transform the business into a leading craft beer brand.

Join us to revolutionise the traditional beer market in Portugal!

Key Information

Upon successful completion of the Seedrs round, Algarve Rock Brewery Ltd will be the full owner of Beautiful Bubble Lda, a Portuguese limited liability company, who currently operate the Algarve Rock brewery in Faro, Portugal.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Algarve Rock Brewery has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 24 March 2020 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £1,795,734

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

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Direct investment

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

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Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

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Security Token

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