UK CARPET AND FLOORING SPECIALISTS, FLOORING HUT, SET TO LAUNCH £400,000 FUNDING ROUND ON SEEDRS
- Flooring Hut is looking to raise £400,000 to accelerate its website development, own-brand ranges and expansion of its UK installer network
- Flooring Hut connects a dis-jointed market, allowing their customers access to great value products, leading brands and a suitable and vetted local installer to perform the work.
Flooring Hut Ltd is soon to launch a £400,000 funding round on the investment platform, Seedrs.
Flooring Hut, CEO Paul Brewster states: “Over the last four years Flooring Hut has become THE online destination for increasing numbers of customers to purchase their carpets, flooring and accessories along with installation. We are already disrupting the incumbents in a fragmented UK market worth over £2 billion.”
Flooring Hut connects a dis-jointed market, allowing their customers access to great value products, leading brands and a suitable and vetted local installer to perform the work. Flooring Hut are the only business to offer this connectivity between customers looking for competitive prices and choices and installers looking for profitable work.
The burgeoning, outstanding reputation of Flooring Hut is evidenced by both excellent online customer reviews and record monthly sales through 2019.
Flooring Hut’s first round of external funding through Seedrs will be allocated to: Website development (Self-Service Platform; Usability; Flooring Category Development; further product additions); Development of Flooring Hut Own-Brand ranges; Increased spending on paid search and social media advertising; Expansion of our UK Installer Network.
How can you invest NOW in Flooring Hut through Seedrs?
Here you will find some more information about this opportunity, including a Pitch Deck (a PowerPoint offering statistics), an Executive Summary (giving you an insight into Flooring Hut’s structure and history) and a Business Plan (detailing the future of Flooring Hut and the flooring industry).
- Flooring Hut is an online retailer selling luxury vinyl tiles, sheet vinyl, carpet tiles, carpets, underlay, wood flooring and flooring accessories across the UK to both domestic and trade customers.
- Our mission: To be the No.1 retailer and installer (by revenue and sales volume) in the UK of carpets and floor-coverings to both trade and domestic consumers.
- Accomplishments to date:
- £7.65m total value of sales to date
- Year 1 T/O – £135k > Year 5 T/O (1st 6 Months) – £2.22m
- 24,000 total number of sales to date
- November 2019 – online sales of £475,000
- 62% consumer sales / 38% trade sales
- 786 registered trade customers
- 140+ Flooring Hut Installer Network members
- Over 12,000 products available for sale
For further information, please contact Paul Brewster, CEO. T: 07917 875197 or e-mail: paul@flooringhut.co.uk
