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Wowzabox

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We empower customers to effortlessly craft authentic restaurant-quality meals.

115%
 - 
Funded 5 Jul 2024
£150,001 target
£183,643 from 101 investors
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Business overview

Location Chester Le Street, United Kingdom
Social media
Website wowzabox.com
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 09280862
Incorporation date 27 Oct 2014
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Investment summary

Type Equity
Valuation (pre-money) £2.9M
Equity offered 5.74%
Share price £2.71
UK tax relief

EIS

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Business highlights

  • £675K Revenue in 18 months (Sep 22 - Feb 24)*
  • 81.7% revenue from returning customer (Q1 2024)
  • 12,000+ Boxes shipped to date
  • Average quarterly growth rate 29.4% (Sept 2022 - Feb 2024)*
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Key features

  • Secondary Market
  • Nominee investment min. £10.84 +
  • Direct investment min. £10,000.00 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 101
  • Discussion
  • Documents

Idea

Introduction

WowzaBox is where the joy of restaurant-quality Chinese cuisine meets the simplicity of home cooking! Our meal boxes deliver the authentic flavours of your favourite Chinese dishes right to your kitchen, minus the hassle of complex preparations. We take care of the cutting, marinating, and crafting of delicious sauces, so all you need to do is enjoy the quick and fun part: cooking.

We are aiming to become the go-to brand for delicious, high-quality Asian cuisine. But that's not all – with our production advantages, we're aiming to expand beyond meal boxes. WowzaBox aims to offer meal kits on supermarket shelves, allowing you to pick up a single restaurant-quality dish on your way home. We beleive that this would not only cater towards convenience but also open up a vast retail market for us.

*(based on unaudited accounts)

Core Values:

Firstly, in-house production ensures end-to-end control over quality, strong margins, flexibility, and, most importantly, provides us with invaluable manufacturing knowledge. We serve some dishes that we believe to be deemed too complex for home kitchens and also dishes that are hard to find elsewhere in the UK.

*(based on unaudited accounts)

Secondly, we try to promise true restaurant quality. Every dish in WowzaBox is carefully curated to deliver that "wow" factor, which we believe helps to guarantee our customers an exceptional dining experience at home.

Substantial accomplishments to date

First 18 month of trading (September 2022-February 2024)

We believe that we have pioneered an innovative in-house manufacturing process for hassle-free meal kits, eliminating the need for preparation and cutting tools.

• Attained full autonomy in product development, with both founders spearheading recipe creation, production procedures, and packaging—which we believe has helped us to establish a unique advantage and raise entry barriers for potential competitors.

• Distributed 12,000 meal kit boxes to 4,000 households.

• Successfully crafted 52 restaurant-quality recipes.

• Achieved £675,000 in revenue through online sales in the first 18 months.*

• 29.4% average quarterly growth rate since launch (Sept 2022 - Feb 2024).*

• Ensured superior quality control and robust margins by implementing in-house production, which we believe grants us a competitive edge in manufacturing knowledge.

• Implemented in-house marketing strategies, encompassing social media management, content creation, and campaigns. This not only heightened team expertise but also significantly reduced marketing costs.

• Garnered an "Excellent" rating on Trustpilot, with 97% of customers awarding 5-star reviews.

*(Based on unaudited accounts)

Monetisation strategy

•Online:

Our primary revenue stream currently stems from online sales. Customers place orders directly on our website and receive their purchases the following day.

•Offline:

Following our upcoming funding round, we plan to expand our product offering into supermarkets. This initiative will allow customers to purchase individual items from our range directly from supermarket shelves.

Use of proceeds

We aim to use the funds raised in this round in the following area's:

- Machinery 45%
- R&D New Products 5%
- Professional Fee 5%
- Marketing 20%
- Team Expansion 10%
- Inventory 5%
- Running Capital 10%

Key Information

Outstanding Debt

The Company has the following outstanding debt:

1. A £39,452.46 Bounce back loan from Barclays Bank at an interest rate of 2.5% per annum. The loan is to be repaid in May 2030.

2. A £51,410.66 loan from North East Small Loan Fund at an interest rate of 12.5% per annum. The loan is to be repaid in Mar 2027.

3. A £274,548.7 loan from founder Zexi Jin at an interest rate of 0% per annum. There is no repayment schedule and there is no due date.

4. A £57,132.23 loan from founder Bo Li at an interest rate of 0% per annum. There is no repayment schedule and there is no due date.

5. A £36,337.8 Machinery Hire Purchase from a provider at an interest rate of 0% per annum. The lease is to be repaid in Sep 2026.

The funds raised in this round will not be used to repay these debts.

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

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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

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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 Wowzabox has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 11 April 2024 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 £2,852,630

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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 Republic Europe.

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