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Your Dog's Club

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Your Dog’s Club is an online community and retailer for everything your dog needs.

171%
 - 
Funded 27 Jan 2021
£150,000 target
£258,040 from 218 investors
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Business overview

Location Chester, United Kingdom
Social media
Website www.yourdogsclub.co.uk
Sectors Home & Personal Mixed Digital/Non-Digital B2C
Company number 11825005
Incorporation date 13 Feb 2019
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Investment summary

Type Equity
Valuation (pre-money) £1M
Equity offered 19.66%
Tax relief

EIS

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Business highlights

  • 5,000 customers "wowed" in Year 1
  • Best in market 4.9 Trustpilot rating (95% 5 Star Reviews)
  • £2bn recession proof market, post Covid shift to E Commerce
  • Planned exit in 2024 via AIM flotation or Trade Sale
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Key features

  • Secondary Market
  • Nominee investment min. £10.00 +
  • Idea
  • Key Information
  • Investor Perks
  • Team
  • Updates
  • Investors 218
  • Discussion
  • Documents

Idea

Introduction

Dogs are different - you can't walk a goldfish or take it on holiday with you. Dogs are part of the family and not just pets.

So why can't you find a shop dedicated to everything doggie?

Your Dog’s Club is, based on market research, the only dog specific online retailer that provides high nutrition food and treats, with an independently verified nutritional rating system, alongside top quality toys and accessories.

The business is run by dog lovers, for dog lovers and built on co-operative principles. As we grow, we buy better for less, share the rewards with our community, support charitable projects and look after the planet.

We carefully select our products, ensuring they meet minimum quality and Eco friendly thresholds.

Our values of trust, community, pride and joy run through everything we do.

From our customers (Waggys) to our local dog business partners (Pack Leaders) to our industry experts (Gurus) giving the best advice, we are creating a community and meeting the needs of dog owners across the UK.

Substantial accomplishments to date

In our first year of trading, we have successfully built a robust and scalable infrastructure around an exceptional management team with previous experience of starting, growing and selling businesses.

We have carefully selected the best partners in platform build, digital marketing, warehousing and distribution which helped us achieve fantastic results in year 1:

· Over 5,400 Customers registered, now growing at over 750 / month.

· 48% repeat customers.

· 70 Pack Leaders recruited.

· 4 major affiliations including All About Dog Food and Forestry England.

· A 4.9 (Excellent) Trustpilot rating, 95% of reviews of 5 stars.

· Reached our first 1,000 order-month.

Our brand is built on key values of trust, pride, community and joy which runs through everything we do and say.

We continue to receive Trustpilot reviews like this one from Mary in Lowestoft:

"I love this company. Their products are always spot on."

In a pandemic and recession proof market worth over £2 billion per year, with the post-pandemic shift to online retail, our position as a unique dog-only online brand that places an emphasis on trust, convenience, quality and choice is the future.

Alongside expanding our existing routes to market, forthcoming partnerships with English Heritage and Forestry England are set to give us a potential reach of over a million new customers in 2021.

Monetisation strategy

Our core is our community of dog owners which we grow through:

Digital – through social media, Google, Facebook & other platform advertising.

Pack Leaders – dog owning clients of dog groomers and walkers and similar in exchange for commissions.

Affiliates – cross promoting through social media and on site physical recruitment activities with relevant national organisations e.g. Forestry England.

We monetise the community through the sale of dog food, snacks, toys and accessories and target the lifetime spend of the dog owner.

The lifetime spend of each customer is estimated at £18,850.

The key performance indicators for the business are Community size, currently 5,400 and growing at over 750 per month (Nov 2020), Average Order Value (currently £31.02) and Gross Margin (currently 41.53%). AOV grows with repeat purchase customers, Margin grows through economies of scale, purchasing efficiencies own brand product introductions.

Use of proceeds

Key Information

Outstanding debt

Please note the business has an outstanding Santander Bounce Back Loan of £50,000.

Investor Perks

Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

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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

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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 Your Dog's Club has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 6 January 2021 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 £1,050,000

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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Nominee investment

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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.

Learn more about Custodian here

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

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

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

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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