BOOKBARN INTERNATIONAL LIMITED
Founded by the great-great-grandson of Charles Darwin, Bookbarn International is one of the largest booksellers in the UK shipping new, used, and rare books from their warehouse in Somerset. Currently holding around 850,000 books, trading internationally via third-party platforms like Amazon, Abebooks, and Barnes & Noble every day. After two successful campaigns with Crowd2Fund, Bookbarn International returns again to raise money to further develop their website, stock purchase and marketing.
Read, Reuse, Recycle.
At Bookbarn International we love finding homes for as many used books as possible and sell globally to 10 different countries. We’re on 21 different online platforms that open our reach to 245 different countries internationally. On average 600 orders are processed daily on platforms such as Amazon, Abebooks, eBay, Barnes & Noble, Waterstones Marketplace, and Biblio. Our Somerset location was opened in 2017 and has been a great destination for bibliophiles and those simply looking for an interesting day out, enjoying the perks of our wonderful on-site café.
We are excited to continue this journey and appreciate all of the support thus far. We are now raising funds to further develop our website, stock purchase and marketing.
There has been a growth in purchases of books and has now it a weekly £4m in purchase since November of 2020.
This is a returning well established book business with perfect repayment history. The business is showing increasing working capital and a good current ratio. The bank statements show a positive balance and demonstrate affordability to support the loan. The business entered a CVA for 2 years which completed in 2017. The director is providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The director is a homeowner, however this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs for the business or directors.
Where will the funds go?
"Read, Reuse, Recycle."