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Good Club

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The Sustainable Supermarket: Low-priced staples, working towards zero impact

EIS

Location
GB London, United Kingdom

Categories: Food & Beverage Mixed Digital/Non-Digital B2C

Investment
sought:
£416,330
Equity
offered:
13.75%
Funded 15 Nov 2019
Investment
amount:
£567,432
Valuation
(pre-money):
£2,611,080
  • Idea
  • Key Information
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  • Investors 28
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Idea

Introduction

Good Club is an online grocer, delivering over 2,000 sustainable staples (70% ambient food, 30% non-food), direct to consumers nationwide.

Our mission is to make sustainable living more accessible

We cut costs by focusing on buying staples, not selling fresh food and cutting out middlemen. We invest this efficient approach in:

- Price minimization: On average Good Club is 1.76% below the lowest price in the market.
- Zero waste: We're working on creating a zero-waste supermarket, developing reusable product packaging along with logistics technology to tackle the single-use plastic crisis head-on.

Since the summer we have launched our new platform and recorded 50% growth in month-on-month sales. We have also hired expertise for developing our closed-loop system with trials underway.

For more information about the business, please request our Pitch Deck in the Documents section of this campaign.

Key Information

The company has the following outstanding loan:

£27,466.43 Directors loan, a Government at an interest rate of 0% per annum. The loan has no current set repayment date.

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Seedrs Limited is authorised and regulated by the Financial Conduct Authority (No. 550317).

© Seedrs Limited 2019. All rights reserved. Seedrs is a registered European Community trademark (No. 008771537) and registered United States service mark (No. 85423072) of Seedrs Limited, a limited company registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW, United Kingdom, VAT No. GB 208 3065 32. Seedrs.com is a website owned and operated by Seedrs Limited.

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This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

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