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Successfully funded
overfunded
Sourced Market
116%
Raised
£872,980
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.

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Sourced Market

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Successfully Invested
£689m+
Registered Investors
810k+