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Really Local Group

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Really Local Group brings independent cinema, music & culture to doorsteps across the UK.

105%
 - 
20 days left
£500,016 target
£528,318 from 73 investors
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Business overview

Location London, United Kingdom
Social media
Website www.reallylocalgroup.co.uk
Sectors Entertainment Non-Digital B2C
Company number 11050534
Incorporation date 7 Nov 2017
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Investment summary

Type Equity
Valuation (pre-money) £21.3M
Equity offered 2.42%
Tax relief

EIS

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Business highlights

  • We have 5 operating venues; fully recovered from the pandemic
  • Secured pipeline of further 6 venues all operational by 24
  • Developments de-risked thru grants & capital contribution > £15m
  • 2nd Seedrs campaign: raising £1m+ to develop portfolio & grow
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Key features

  • Secondary Market
  • Seedrs nominee min. £16.35 +

Idea

Introduction

Really Local Group (RLG)'s mission is to put the" heart put back into the high street" by operating venues with cinema, music & community at their core.

With the imminent launch of the Ealing Project (ealingproject.co.uk), Ealing's 1st cinema in 14 years, RLG has 5 operating venues (Catford Mews, Peckham Levels, Hackney Bridge & Reading Biscuit Factory), all fully recovered from the pandemic & related restrictions.

RLG has secured 7 more venues, such as Sidcup Storyhouse, Throwley Yard: Sutton, Canning Town, Bermondsey & The Gramophone (EMI vinyl factory in Hayes), all aiming to open by 2024. We have ambitions to have 30+ sites by 2027.

Our pipeline is significantly de-risked through negotiated grants and capital contributions in excess of £15m, boosting ROI.

ESG is the heart of everything we do: we retrofit existing spaces and re-use materials; we are a Living Wage employer.

Monetisation strategy

RLG has a number of diverse revenue streams, which we believe gives our business a unique financial resilience:

• Cinema ticket revenue: our average price is £6.50-£7.50.

• Live music: By the end of 2022, we will have 4 bespoke live music venues with capacities of up to 400 people, allowing us to host concerts and other acts.

• Studios, maker spaces and co-working: over 240 businesses are based at our venues, where we charge a monthly rent.

• Food & drink: We stock a range of local goods and directly sell beer, snacks, coffee & everything in between (yes, popcorn too!) as well as offer concessions to local entrepreneurs where we take a revenue share.

• Special events: We hold a wide range of events, from late-night birthday parties to weddings and more.

• Pre-show advertising: We can earn c. £8k/quarter per cinema.

• Memberships: A range of memberships, from student to family. We have sold almost 2,500 in the past 12 months.

• Consulting: Monthly retainers to assist developers with their cultural strategies.

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

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.

Tax Relief (EIS)

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.

Valuation (pre-money)

Valuation rounded from £21,264,418

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.