HOMErs says that it delivers turn-key, contemporary modular homes designed for rapid assembly and disassembly. HOMErs has reportedly secured 89% of its £500,002 target (at the time of writing) via Seedrs with 22 days left in the company’s crowdfunding campaign.
HOMErs has so far acquired £449,475 from 108 investors.
Business highlights shared by the firm:
- 2-modules (16m2) to 10-modules (80m2) houses
- High assembly speed with efficient transportability
- Built 57 modular houses since inception
Located in London, HOMErs says that it operators in the Home & Personal sectors (Mixed Digital/Non-Digital Mixed B2B/B2C).
Incorporated in April 2018, the firm’s investment summary is as follows: Type Equity; Valuation (pre-money) of £10.7M; Equity offered 4.47%; Share price £4.98; Tax relief N/A.
Key features include: Secondary Market; Seedrs nominee min. £24.90 +; Direct investment min. £25,000.00 +.
As stated in the update, HOMErs’ mission is to enhance the real-estate sector “by providing affordable and sustainable homes.”
In February 2022 Russia invaded Ukraine “displacing >1 million people. Wanting to support those left homeless by the war, the founders’ initial goal was to restore as many homes for Ukrainian families as possible.”
The company has developed “a scalable, tech-driven, aesthetic mobile modular house solution ranging from 2 modules (16 m2) up to 10 modules (80m2).”
The most significant advantage of a HOMErs’ home is “the simplicity and assembly speed, alongside efficient transportability.”
The homes are easily “assembled/disassembled in days with minimal land preparation, plus an entire 3-modular house with furniture and amenities can be transported in a 20-ft container.”
While HOMErs began with the intention of being a crisis housing solution for governments and charities internationally, there “is huge potential, such as for first-time buyers, homeowners seeking an affordable second property, and holiday homes.”
Monetization strategy:
Revenue is generated through the pre-order and “purchase of modular homes from businesses and governments.” The current average price of “the basic 3-module home is USD 18,000 with each additional module USD 6,000 in Ukraine.”
From 2024, they plan for “a more premium modular home offering to be sold.”
These have already been “developed and tested, and these will be the homes which will be sold going forward.”
The houses will sell for “an average price of EUR 50k in Ukraine and EUR 70k for homes sold out of the Slovakian plant internationally.”
HOMErs plan to sell 140 homes in 2024.
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