We aim to disrupt the global performance nutrition market, starting with our award-winning energy strips.
Business overview
Location | Wakefield, United Kingdom |
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Social media | |
Website | revviesenergy.co.uk/ |
Sectors | Food & Beverage Non-Digital Mixed B2B/B2C |
Company number | 09367399 |
Incorporation date | 24 Dec 2014 |
Investment summary
Business highlights
- Product of the Year 2021 | Sports Nutrition
- Endorsed by Olympic Athletes and Professional Sports Teams
- Amazon Bestseller and Stocked in 400+ outlets across 5 countries
- Attracting interest from Fortune 500 companies
Idea
Introduction
Revvies Energy Strips Ltd has been established to disrupt the multi-billion pound global performance nutrition market, starting with our award-winning energy strips.
Eighty per cent of the world's population has caffeine every day. You might get yours from tea, coffee, or even an energy drink. But each of these will take 45 minutes to 1-hour to reach its peak. Our British-made energy strips dissolve on the tongue in seconds providing a faster, easier on the stomach boost that is less than 2 calories, vegan and gluten-free.
Revvies has developed an online and offline marketing strategy that has seen the brand successfully expand from its trial markets in Australia and New Zealand to the UK, and we have started to expand online into the US.
Revvies believe that how we do business is just as important as making great performance nutrition, which is why we aim to become B-Corp accredited in 2022, helping to ensure that we walk the walk when it comes to our values.
Substantial accomplishments to date
Revvies Energy Strips was awarded 2021's Product Of The Year | Sports Nutrition by NutraIngredients, Europe's leading nutrition industry title.
Despite a global pandemic, Revvies saw a 101% increase in revenues across the group in 2020.
Revvies has sold over 400,000 packs, and we are stocked in more than 400 locations in 5 countries, including Chemist Warehouse, Australia's largest Pharmacy group, Decathlon Australia, and Amazon marketplaces in the UK, US and Australia.
Revvies are consistently listed on Amazon UK’s Best Seller list for Endurance and Energy, alongside brands worth hundreds of millions of pounds.
Revvies works with some of the world's top athletes and sports dietitians to perfect the products and used by Olympians and pro teams across a variety of sports, including Revvies Ambassadors Charlotte Purdue (British Marathon Champion 2019 ), top US marathoner, Sara Hall, and dual Aussie Olympian, Eloise Wellings.
Revvies are Informed-Sport accredited, providing evidence to consumers of the brand's commitment to quality, safety, and purity.
Revvies have been a hit with the media too. The brand has been listed as one of the top pre-workouts by GQ Magazine and hailed as a healthier caffeine option by The Sun on Sunday.
And Revvies have featured in over 100 media titles, from national papers, health and fitness titles, trade publications, radio and TV.
Monetisation strategy
Revvies sells both B2C and B2B, and will seek to enter key international markets as quickly as possible via e-commerce to secure early adopter customers and gain the position as the leader and founder of the energy strip category. This status will create important long-term value for the brand.
Our overall distribution strategy is as follows:
1. E-commerce
Revvies’ small format means this is a very cost-effective way to enter markets, raise brand awareness, build sales and attract the interest of retailers.
2. Speciality, Health & Pharmacy
These stores are frequented by well-educated consumers who form part of the Brand’s early majority of customers.
3. Convenience & Petrol
As brand awareness and product understanding grow, the products’ USPs will make it a great option for impulse purchases.
4. Grocery
Ultimately, when the products are well understood and widely used, we will enter grocery. This will also provide opportunities to add significant value via line and brand extensions.
Use of proceeds
The company is raising funds to scale its proven marketing formula both in the UK and internationally. Funds will be broadly applied as follows:
Marketing - 40% of the funds will be used to increase our marketing spend, increase brand awareness, product trial, and driving customers to UK high street retailers, whilst we enter and develop overseas markets with the US and Germany to be our focus in Q3 and Q4 2021.
Human Resources - 30% of the funds will be allocated to expanding our team. To support sales and distribution growth we will need to bring in additional sales, marketing, and administrative talent into our innovative, knowledgable, and tenacious team.
Inventory - 30% will be used to increase our inventory, so we can ensure safe, efficient, and secure supply to all markets, even in the most difficult of circumstances.
IN SUMMARY: WHY INVEST IN REVVIES?
AND YOU ALSO GET THESE GREAT BENEFITS:
Key Information
Group Structure
Those participating in this Offer will be issued shares in Revvies Energy Strips Ltd (UK).
Revvies (UK) owns 100% of Revvies (NZ) and 85.2% of Revvies (AUS), and in turn, owns 100% of Revvies (US). These companies have been created to facilitate trading in their respective territories and regions, as well as providing tax benefits to UK investors via the EIS scheme. Revvies (AUS) is able to access generous R&D and export marketing grants.
Outstanding debt
Revvies (UK) has the following outstanding loans:
- £50,000 Bounce Back Loan over 10 years from HSBC at 2.5% interest rate per annum with repayments starting in November 2021
Revvies (AUS) has the following outstanding loans:
- Moula Business Loans of AU$39,294.15 with fortnightly payments of AU$1,308.17 to be repaid by November 2022.
- Director Loan AU$47,511 to be repaid by 31 January 2022.
Revvies AUS is in the process of refinancing these into a single Australian government-backed loan with National Australia Bank that would be repaid over 10 years.
The funds raised from this investment round will not be used to repay these loans.
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