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

116%
Raised
£873,380
Investors
414
Target
£750,000
Equity
8.03%
Pre-money valuation
£10,000,000

Trading since 2009, Sourced Market is a hybrid deli/retail/dining brand with 4 London locations, including the St Pancras flagship venue, positioned to benefit from growing consumer demand for healthy, sustainably sourced produce. Backed by Pembroke VCT with £6.4m net revenue last year.

  • Over 11,000 customers per week (avg) served at flagship St Pancras store
  • Previously raised £1m of investment through a Crowdcube bond in 2016
  • Partnered with hotel group, pop-up with Eurostar, in talks re: airport
  • Generated £6.4m in net revenue in 2017/18

Idea

Sourced Market has a hybrid artisan deli and dining offer of specialty retail, artisan coffee, bakery, food-to-go and craft beer/wine. We operate flexibly in a variety of site formats from 80-500m2, incl. pop-ups.

Since launch in 2007 as a music festival pop-up, the company has attracted capital investment from Pembroke VCT and a successful £1m Crowdcube mini-bond and now has:

- Four prime London locations

- A central production kitchen

- £6.4m turnover to y/e April 2018, (-£888k EBITDA)

Food retail analyst IGD ranks the company as "unmissable" alongside Borough Market and Selfridges. London Evening Standard lauds it as “one of London’s best superstores for food and drink”.

Passionate about quality, the company is building on eight years of success and relationships with 100+ suppliers; a number of whom choose Sourced Market to launch new products.

The food-to-go and coffee markets in the UK are flourishing, with expected values of £23.5bn by 2022 (35% increase from 2017) and £4.3bn by 2021 (29% increase from 2017) respectively. Consumer demand for sustainable, ethical and local food outlets is also rising.

Investment will support plans for a potential fifth site in Eurostar Departures Lounge, a sixth site in Holborn with our hotel partner, development of an airport model, working with a franchise partner, increased kitchen production capacity, and key hires.

Disclosure: loans exist.

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 Sourced Market 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.

Sourced Market has submitted their plans to raise money, details of their structure and trade etc. to HMRC and is awaiting advice on whether the share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax reliefs.

Tax relief is available to individuals only, with income tax relief currently set at 30 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.