easyHire operates a cloud-based technology platform and franchise network for the equipment hire industry
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The go-to destination for event and construction equipment rental, backed by the founder of easyJet.com.
easyHire operates a global, fast-growing, cloud-based technology platform and franchise network for the £23 billion equipment rental industry.
Our vision is to become the world’s leading technology platform bringing equipment rental online. We aim to achieve this by providing independent rental companies a franchise model that focuses on technology, partnerships and the marketing and branding support of a huge European brand in protected territories.
✅ 90% consumer brand recognition in Europe
✅ Operating in the £23 billion European equipment rental industry
✅ Average franchise signing up for 5 years
✅ 10X client growth since 2020!
How it works:
📝We target leading rental operators within a specific region and country and receive franchise applications.
🎯We conduct a business health check with our proprietary 27-point system ensuring safety, insurance, and quality.
🤝If the business successfully passes due-diligence we sign a 5-year franchise giving them exclusivity to utilise the brand for their specific region. This means each country is divided into different regions that are awarded to different franchise operators.
Substantial accomplishments to date
This is an exclusive opportunity to invest alongside Sir Stelios Haji-Ioannou (founder of easyJet.com), Fabio Cannavale (owner of lastminute.com group), and PiLabs (Venture Capital). Here's what we've achieved so far...
🚀 Raised £2 million from leading investors.
🚀 Built a revenue-generating SaaS and franchise business.
🚀 10X client growth and 6X depot growth since 2020
🚀 Operating in the UK, Italy, and Spain
🚀 Industry-changing technology saving time and money
🚀 Built a world-class team with decades of leadership experience with global brands.
🚀 3 million pieces of inventory online.
We have brand exclusivity for the easyToolhire and easyEventhire franchises across 30 territories.
Due to COVID-19 we focused on tool and plant hire in the construction industry and within months signed our first franchises in new markets such as Italy during the Pandemic. And now are trading in the UK, Italy, and Spain.
These equipment rental franchise operators service old and new customers now under a globally recognized brand with best in class technology.
This is what some of our franchises had to say about why they chose to work with easyHire:
Our investors are successful entrepreneurs and industry experts:
We have multiple revenue streams per franchise which are 5-year deals: setup fees, monthly franchise fees (SAAS), annual exclusivity fees and we also take % of gross sales as commission made through the platform.
Our franchisees utilise our platform and technology to bring their products online which supports both trade and the general public in terms of sales. We are launching not only tool hire but also event hire franchises and so the easyHire opportunity supports two markets via one technology platform. Sales are made and paid via the local franchise with our technology tracking the commission due to easyHire.
Use of proceeds
Our use of funds from this crowdfunding campaign is to:
1) Open up new markets.
2) invest in the product roadmap.
ASA Term Sheet
The key terms of the ASA are set out below and should be read in conjunction with the ASA Term Sheet document attached to the Documents section of this campaign:
- Discount: 20%
- Valuation Cap & Default Valuation: £18,000,000
- Maturity Date: 7th June 2022
- Qualified Financing: equity financing raising not less than £500,000
- Conversion triggers:
(1) On Qualified Financing, the ASA will automatically convert into ordinary shares at the lower of (i) a 20% discount to the price of the Qualified Financing or (ii) the Valuation Cap.
(2) On (i) the Maturity Date, (ii) a sale of the Company or IPO, or (iii) a winding up event, the ASA convert into ordinary shares at the Default Valuation.
The company has the following outstanding loans:
£40,000 Coronavirus bounce-back loan
Lender: Lloyds bank
Interest rate: 2.5%
Repayment Date: 21/12/2023
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