“Servicing Made Simple” Assean Sheikh. So what’s the problem?

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Transcript of “Servicing Made Simple” Assean Sheikh. So what’s the problem?

“Servicing Made Simple”

Assean Sheikh

So what’s the problem?

Solution

1.

2.

3.

Overall marketOverall market

28M Cars28M Cars £10 Billion£10 Billion25K Garages25K Garages

Market opportunity

Addressable marketAddressable market

10M Cars10M Cars £3.5 Billion£3.5 Billion10K Garages10K Garages

Route to market

Business model

Y1Y1 Y2Y2 Y3Y3

1. Booking Fee1. Booking Fee

2. Membership fee2. Membership fee

7.Advertising7.Advertising

4. Affiliate schemes4. Affiliate schemes

6.Garage websites6.Garage websites

5.Market intelligence sale5.Market intelligence sale

3. Accessory store3. Accessory store

Compare Myservicecompare Ebeepbeep Blackcircles NSN ServicingStop

Competing garages

Additional products

Garage profiles

Garage reviews

ServicingStop

Competition

Team

Assean Sheikh

Scott GardinerCTO

Start-up Growth MaturityTIME

SALES

3. Traction

Milestones1.Market research

2.Development 4. Scale 5. Exit

Gabriel 2nd round

Financial model

Headings Year 1 Year 2 Year 31.Sales 190K 1.28M 2.7M2.Cost of sales 13K 0.09M 0.19M3.Gross profit 177K 1.19M 2.51M4.Operating costs 226K 0.72M 1.43M5.Net profit -49K 0.47M 1.08M

Gabriel Cost

1) Team + working capital 14K

2) Marketing 13K

3) Website development 10K

4) Professional services 3K

Gabriel spend

Exit strategy