This site uses cookies. By using this site you agree to receiving cookies. View Policy.

125%
Raised
£188,650
Investors
316
Target
£150,000
Equity
14.64%
Pre-money valuation
£1,100,000

Good Sixty is an online marketplace delivering high-quality groceries from the best independent shops, producers, and artisans. The company is targeting a £10bn segment of the grocery sector with 40,000 premium outlets.

  • The UK online grocery market is expected to grow over 50% before 2021
  • Aiming to launch into Cardiff, Bath and London in 2018
  • Estimated £10bn+ market opportunity in the UK alone
  • Backed by Jon Simon, the founder and MD of Pieminister

Idea

Good Sixty believes it should be easy to buy great local produce online from the best independent shops, producers and artisans.

Using the latest technology, Good Sixty allows busy people to browse and buy local produce online at any time and have the best food delivered to their door. Good Sixty’s vision is to help create wealthier, better-connected communities by helping independent food stores, producers and artisans compete and thrive online.

The independent grocery sector is worth over £10bn and we believe there is currently no credible online platform to operate in.

The UK’s grocery market is currently worth £184.5bn – with online being over £10bn of that. This is expected to grow to £16bn in the next 4 years (nearly 12% of total grocery sales). If you overlay the same metrics to the online independent grocery sector, this creates a £1.3bn opportunity for Good Sixty - in the UK alone!

Good Sixty’s revenue streams are generated from both grocery sales and delivery charges. The company aims to generate approximately 28% gross margin on the retail price of the products sold.

Following the successful launch in Bristol in 2017, Good Sixty aims to expand its service into Bath, Cardiff and London in 2018.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Good Sixty pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Good Sixty has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.