Close

Jump to:

  • Navigation
  • Content
  • Footer

Sir F's

Follow

Community focused, specialty baked goods from around the world.

100%
 - 
Funded
£9,500 target
£9,500 from 22 investors
More
Less

Business overview

Location Plymouth, United Kingdom
Social media
Website www.sirfs.co.uk
Sectors Food & Beverage Non-Digital B2C
Company number 08433070
Incorporation date 10 Dec 2012
More
Less

Investment summary

Type Equity
Valuation (pre-money) £53.8K
Equity offered 15.00%
Tax relief

SEIS

  • Idea
  • Market
  • Team
  • Updates
  • Investors 22
  • Discussion
  • Documents

Idea

Introduction

Sir F’s would offer a wide range of specialty baked goods (sweet pastries, gourmet savouries, deli-style sandwiches and celebration cakes), primarily of French origin, but also from various locations around the world including; Italy, Germany, India, USA, China and of course the traditional British favourites. All of our products would be lovingly hand-crafted using locally sourced organic ingredients while using traditional recipes of which some date back hundreds of years.

Intended impact

What’s the story?
Around the UK we have thousands of community-based shopping districts. All too often the community-based retailers found within these shopping districts are struggling to compete with out-of-town multi-platform retail chains. Added pressure from a lack of resources coupled with little support from fellow retailers and heavy competition results in closure for far too many of these outlets, in our opinion. To lose too many of these independent retailers for us would be like ripping the heart out of any community. This adds to our determination to see a sustainable cycle of co-operation with other local retailers.

So what does this mean?
Idealistic as it may sound, it is our belief that being part of a community means working alongside each other. In these tough economic times it is easy to constantly think about costs and seeking the best deals to sustain your business while losing focus on the community around you. Independent retailers should support one another to put the You and I back into community. We would hope that within our community, if we need vegetables to bake the pies then we would buy them from our local greengrocer down the road - that is what community is about.

If we and others weren't to buy from the local greengrocer, that business may not survive. This would reduce the potential customers within the area, therefore having an affect on our business. This IS NOT a sustainable cycle of co-operation but is a contributing factor to the death of independent businesses up and down the country. We are not purely driven by price or profits, just a simple ethical approach to sustainable community-based business.

Substantial accomplishments to date

We currently make celebration cakes for various private customers.

Monetisation strategy

We find that celebration cakes are difficult to get hold of at reasonable prices especially at short notice, this means we would be able to offer not only a reasonably priced cake of the highest quality due to our low overheads, but also on an ad-hoc and short notice basis. We would provide products of the highest quality to those with specific dietary requirements who would otherwise experience difficulty locating a wide variety of produce suitable to their individual needs.

We would provide a vast array of exciting new products that are based on international cuisine whilst also offering the highest quality, classic baked products from around the world to appeal to the diverse populous of Plymouth. We would provide an in-house lunchtime service to the neighbouring traders at competitive prices with personal discounts. Unique Selling Point: Aside from the fact that we offer traditional baked foodstuffs from around the world and our own unique recipes, all of our products are planned to be made with organic and ethically sourced ingredients. We have a specially developed line of gluten-free and dairy-free products, which represent approximately 25% of our available product lines on which we aim to expand upon.

Use of proceeds

We intend to use the money towards equipment, branding and advertising

Market

Target market

We think that other bakeries' product lines are traditional, UK-based foodstuffs, with little focus paid to a variety of tastes and traditions, neither to the segment of the population with specific dietary requirements. Plymouth, we feel, has a very diverse, cultural and dietary population which exposes a niche that has not yet been capitalised upon. We also believe that Plymouth has a large and growing affluent community. All of the aforementioned demographics would be catered for by Sir F’s.

Characteristics of target market

Rise of gluten-free in the UK Euromonitor forecasts that the gluten-free sector will grow by almost 10% between 2011 and 2015 to become a channel worth GBP 95.5m (US$ 155.2m) a year. Bread and baked products take up the lion's share of the channel, with some 78% of sales at GBP67.6m, according to Euromonitor data. The gluten-free sector in the UK has recorded recent growth. With ongoing innovation helping to push growth, there still remain opportunities for improvements around range, texture and flavour.

Marketing strategy

Sir F's would be a community based bakery. We would advertise the local businesses that have supplied the goods for our products on our website. In return we would ask for website links and promotional material to be supplied in their outlets, all of which is a free service like for like for both business parties. We intend to run community based competitions and give-aways throughout the year for publicity and face to face marketing. We are currently planning to hand out free samples offered out by Sir Francis Drake (aka Simon dressed as Sir Francis Drake) to gain publicity and interest into the retail store and products. We also intend to invite a “taste Of Devon” to our store in order to get a recommendation on their food website.

Various promotional products are also planned over the first 3 months of opening. We find that celebration cakes are difficult to get hold of at reasonable prices especially at short notice, this means we would be able to offer not only a reasonably priced cake of the highest quality due to our low overheads, but also on an ad-hoc and short notice basis. We would provide products of the highest quality to those with dietary requirements who would otherwise experience difficulty locating a wide variety of produce suitable to their individual needs.

We would provide a vast array of exciting new products that are based on international cuisine whilst also offering the highest quality, classic baked products from around the world to appeal to the diverse populous of Plymouth. We would provide an in-house lunchtime service to the neighbouring traders at competitive prices with personal discounts.

Competition strategy

As there is not a patisserie in Plymouth town centre, that we know of, there would only be direct competition from commercial bakeries of which do not sell products of a similar nature.

Open an account to get access to the team members of Sir F's

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

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

Only shareholders can access this page

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

Buy shares

Share on:

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 Sir F's has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 29 December 2012 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 £53,833

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

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

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).

Learn more about investing and pre-emption rights.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

ContinueCancel