BOOKBARN INTERNATIONAL LIMITED
Bookbarn International is one of the UK's largest booksellers, currently holding around 850,000 books. They trade in new, second-hand, and rare books from their Somerset warehouse, shipping all over the world via third party platforms like Amazon, Abebooks, and Barnes & Noble. As one of the only book warehouses open to the public to visit and browse, Bookbarn also run the on-site Full Stop Café and their Darwin Rare Books room, making their premises a real destination for bibliophiles. Using the money raised, they will invest in developing internal software to manage marketplace listings.
The UK's best book warehouse
Our Somerset location is a great destination for bibliophiles and those simply looking for an interesting day out. On-site we have our Darwin Rare Books room, named after our chairman, William's great-great grandfather, Charles Darwin. Inside is an eclectic assortment of hand-picked rare and collectable books from as far back as the 17th century, including books bound with shipwrecked wood and tiny, Victorian thumb dictionaries. Opened in 2017, this is an exciting, new project for Bookbarn. We also created The Full Stop Café, a cosy atmosphere, complete with wood-burner, providing a variety of drinks and healthy, vegetarian food made fresh with local ingredients.
We have our own custom-built software that catalogues and manages our online marketplace listings. This is used to read complex algorithms and dynamically adjust our prices accordingly. Therefore, we're raising funds to prepare for our busy season by further updating and developing this internal software.
Where will the funds go?
Get stuck into a good book
The books are on us!
Got a question for the business?For more information on the business, please login and ask them a question directly.Sign In to Ask
A. Hi Mark. In the upcoming busy season which starts in August we will be profitable as the business benefits from recent reductions we have just made to our overheads
A. Hi Phil, I estimate, without the shop and cafe the turnover to be around £1.3m and the loss to be at least doubled, but let me put the question to our accountant.The benefit the shop and cafe (both of which are profitable) bring to the business are a significant influx of donated stock and building the brand.
A. Our Hub software does an enormous amount: cataloguing, listing on 20 marketplaces, with their integration issues, dynamic pricing, responding to each sale, ensuring they are removed so we don't sell something we haven't got. The development this loan is for is the addition of more analysis and control of the book meta-data, plus development of a new in-house ecommerce site. We eventually intend to recruit a data analyst. We project going back to profit in August, and staying there.
A. Bookbarn International
8 months to April 19
Cost of Sales £670,199
Gross Profit £454,026
EBITDA profit £2,666
Interest Paid -£26,535
Operating Loss -£44,500
A. The historical loss was funded largely by equity and directors' long term loans
A. Good question Jacob! We are receiving around 50,000 books a month, of which at least 30,000 need cataloguing, the rest go into our physical shop. I doubt we will ever get to a point where there aren't many pallets waiting to be catalogued in our goods in area.
A. The admin expenses increase happened when our finances enabled us to recruit more cataloguers. Our business revolves around the rate at which we get books into our online catalogue, so the more cataloguers we have, the faster our offering through online marketplaces grows, given that we have only one copy of 90% of our stock.
Back to the top
"The UK's best book warehouse"
powered by Equifax