National online estate agents nu:move are to start a crowdfunding campaign.
The business, which charges from £399 for lettings and £699 for sales, launches on Seedrs on March 3.
Its price packages are all charged on completion, with nothing to pay upfront, and include Rightmove and Zoopla listings, and sales progression.
The more expensive packages (£1,195 for sales) include escorted viewings.
The business, founded by members of the Batth family in 2013, also runs a franchise offering, which it wants to expand with the money raised, and has international ambitions.
It has not yet said how much it wants to raise but says all will be revealed when its campaign goes live.
I should imagine crowdfunders are getting a little weary of these
Maybe they could seek some advice from Russell Quirk on how to extract the shilings by crowdfunding
Having successfully raised monies in 2015 went back in for another dibs in 2018
“Despite our merger bringing £15m in funding and media for equity, we wanted to launch another crowdfunding round to give our non-institutional investors, our friends, our family, our staff, a chance to invest in the newly formed Emoov Group. Especially Crowdcube investors that showed faith in us in 2015 and want to be able to follow-on.”
That was kindhearted of him .
Perhaps finishing off the pitch with a flourish .
“What’s next for The Emoov Group?
When this round is over, we will be setting our sights firmly on an IPO, something we hope to achieve early next year.”
We good luck with that one .
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I love an optimist – though this didn’t end well for Investors in another game changer !
“I can quite see that eMoov will have a valuation soon of £100m and if that sounds cocky, I apologise.”
He doesn’t, of course, sound remotely apologetic.”
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Talking of successful or unsuccessful crowdfund pitches from which side of the fence you look . Another pitch which deadpooled was 99 Home .They are still chuntering on with 715 properties for sale as of today
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It could be worse – Keller Williams have 5 properties for sale Nationally according to their website !
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Would rather give my money to a homeless person or set fire to it to keep my hands warm.
This has disaster written all over it.
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Before making my investment decision I shall need to be told if this is going to be a game-changer or a disruptor.
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Headline:
Company without enough money to franchise wants others to pay for its idea.
With fees like that it will fail as have others who have charged a lot more……..
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I’m sure there will be a queue of people willing to but a franchise which operates at the bottom of the market and where they have next to no chance of scraping a living as the product is so cheap.
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From their twitter feed: ‘Join our journey and Become a shareholder in a award winning profitable established worldwide hybrid estate agents’.
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Perhaps they could use some of the money raised to pay for some English & Grammar lessons, or at least hire a copywriter.
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According to their frankly woeful website:
“Saved our customers so far: £100m”
I’d like to see the figures backing that claim.
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