Nicola Horlick is back on Seedrs again but this time she is crowdfunding a London Restaurant – Times Place Brasserie. This follows her first go at crowdfunding on Seedrs where she funded her startup, Glentham Capital, an off shore company which was set up to provide financing for Hollywood films. The Glentham project which offered 10% equity in the company for £150,000 was almost immediately funded. This venture seeks backers for a profitable restaurant which currently nets £5,000 a month. Horlick has been involved in the restaurant business, Georgina’s in Barnes, for over 2 years which has given her the opportunity to learn everything about running a restaurant. This new restaurant venture is completely separate from Georgina’s.
Investors are being given the opportunity invest anything from £10 to £150,000 in Ms Horlick’s buyout of a Chiswick-based restaurant. Horlick is looking to sell 40% equity in the operation for £150,000. The funds raised will be used to finance the acquisition of the restaurant from its current owners and to provide initial working capital. They have negotiated a purchase price of £110,000 plus £40,000 for kitchen equipment and existing inventory. As an added bonus, investors will also receive a 20% discount on their food bill anytime they visit the restaurant as an additional perk. The crowdfunding campaign quickly hit almost 50% as backers rushed to participate.
While already profitable, she believes there are significant opportunities to develop its lunchtime and weekend trade.
Nicola Horlick said: “I am very excited by the investment opportunity this restaurant offers. It is already operating profitably, and I think there is potential for it to be even more successful going forward. And I welcome the chance to raise this investment through Seedrs.Crowdfunding is providing promising startups with money quickly and efficiently while giving investors access to an asset class that used to be closed to them, and Seedrs is leading the way among equity crowdfunding platforms.”
Jeff Lynn, Seedrs chief executive and co-founder, said:
“We’re delighted to have such a prominent City figure back using our platform for another exciting venture. Her last project set a new record for Seedrs, taking just 22 hours to secure its funds, and we hope this one will be equally as successful.
“Our mission is to open up early-stage investing to the wide array of men and women who want exposure to asset classes that were previously reserved for the very rich. Seeing big players like Nicola using Seedrs to raise finance shows just how powerful that mission is.’
Seedrs has 25,000 registered members on its books, who can back businesses with as little as £10, and it has funded 48 new ventures in its 16 months since launch.
Nicola Horlick is widely regarded as one of Britain’s most successful and well-regarded fund managers having began her career at SG Warburg & Co where she became the youngest director ever at the age of 28. She captured the title of City Superwoman when her success in the grueling financial industry was contrasted with her bringing up six children.
She currently chairs Rockpool Investments, which facilitates investments in profitable private companies based in the UK. Rockpool was launched in March 2012, and over the last 16 months, it has built a base of over 250 individual investors and has raised £20 million for companies. Horlick is also involved with Money&Co, a “peer-to-peer” online debt platform that will see savers frustrated with low returns lend money to small businesses which are hungry for credit.
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