Handbag Clinic are Crowd Funding
Get shares and become part of our family
We’re giving our customers exclusive access to this investment opportunity prior to us launching on Crowd Cube later in the month. You can invest anything from £10 to £100,000 or more and it is regulated and authorised by the Financial Conduct Authority (FCA).
This is the first time the company are offering shares to private investors after investment of £680,000 from the Directors to launch the business over the past few years.
We started in 2013 offering cleaning & restoration services for designer bags and now have stores in Chelsea, Leeds and Newcastle as well as a drop off location in Harvey Nichols Manchester.
In 2016, we uncovered the opportunity to sell designer bags in-store to our existing customers. Since then, this side of the business has had rapid growth; currently growing at 200% per year.
We purchase bags from our customers, restore them to make them as good as new, then sell them for 50% of the retail price. This opens up the luxury market to millions of people that could otherwise not afford to shop luxury fashion. The combination of restoring and selling creates greater margins, keeps stock quality high and is our main point of differentiation from our competitors.
With sales in excess of £1m last year and currently 40% ahead of target for the current year, this is a very exciting opportunity for growth. The success is based around buying bags; as we have increased the number of bags available for sale we have seen sales increase in direct proportion. When we had 125 bags available for sale monthly sales were £20,000. This increased to 250 bags and sales rose to £40,000 per month. We now have 500 bags in stock and are achieving £80,000 per month in sales – all achieved within the last 12 months.
With funding, we are looking to substantially increase the number of bags we buy and improve systems to ensure we can scale with growth. A new website is launching soon to better promote our product offering too.
What is Crowd Funding?
Crowdfunding is a method of raising finance with which a large group of individual people can invest in a business in return for an equity share in the company. We chose to crowdfund as it gives anyone the opportunity to invest; allowing those who love Handbag Clinic to have an opportunity to own part of our business and benefit form our success.
We’re crowd funding with Crowd Cube, the UK’s largest crowd funding network who are regulated by the Financial Conduct Authority. They have almost 490,000 registered users who are looking to invest in businesses so we’re giving our own customers the opportunity to invest first, before we go live on their platform.
Why you should invest
- You’ll get a share in a growing million pound plus turnover business, with huge potential for growth and limited competition.
- Get great rewards; different levels of investment (triggered from £250 upwards) give you discounts and exclusive shopping in store and on our website.
- We have a strong board and management team who are enthusiastic and dedicated to the growth of the company.
How to get involved
We would love your support, which can be from only a £10 investment and you’ll get some great rewards with the more you invest. Investments of this nature carry risks to your capital. Please Invest Aware.
If you have any questions you can email firstname.lastname@example.org to request more information or to arrange a phone call or meeting.