Woolies Jeans

By Jovian Garcia-Cummins

PledgeMe.Investment

Product,



NZ $88,556 pledged


106 people pledged


2 months left


NZ $50,000 minimum target


Min

NZ$50,000

Max

NZ$500,000

100 100% Complete

Pledges will only be confirmed if the target is reached by: 04/12/2021 at 12:00 PM (NZDT)

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About

Woolies Jeans

Dear Potential Investors,

In 2018, fed up with my wearing hot and sweaty jeans in a wool shed, shearing New Zealand sheep, I decided to improve on my work wear. The funny thing was that I knew that the perfect pair of jeans could be made out of the product I was working with everyday.

Merino keeps you cool when it's hot and warm when it's cold. What I wanted to do was create a jean, which had the same subtle style of a classic denim workwear jean, whilst offering me the benefits of which merino can offer on the inside. I had my mum help design me a pair.

We designed a fitted work jean with merino lining on the interior. After some trial and development, I haven’t worn a normal pair of jeans since. I have made a few pairs for close friends (in exchange for a few beers), who have told me I should be talking to runway models in Italy about my idea.

I’ve never known much about business but know that these are some of the best jeans I have seen across shearing in England, Ireland, Scotland, Australia and New Zealand. I want to use funds from crowdfunding Woolies in order to patent the designs and to help build a supply chain, with my team, to allow farmers and shearers worldwide to enjoy the product that I have been lucky enough to be able to make.

Yours sincerely,

Jovian Garcia Cummins

Β 

Β 

About our Team


What we've done so far

What's next?

Risks and Challenges

Β 

Β 

A Note from PledgeMe

We have completed Equifax checks on the company, Woolies Limited, and their Directors, as well as Google and Insolvency checks. One Director, Isaac Williams, has been noted to have one default on his credit report. There were no other adverse findings.Β 

Updates 2

We're 17% of Being Fully Funded

14/10/2021 at 2:52 PM

Thank you! It's been a fantastic start to the campaign - more than 100 of you have joined us as owners and shareholders of Woolies Limited.

It's thanks to people like you that we're here, about to take NZ merino jeans to the world stage and help NZ so much!

We are extremely excited about producing these jeans on scale and to have so many happy customers, when they buy these jeans!!

It's so encouraging to read the comments our investors make when they pledge.

Thanks for your support!

Woolies Team

Thank you to our investors so far!

09/10/2021 at 10:15 AM

Thank you so much to everyone who has already backed this exciting company - let's all take these jeans WORLDWIDE!

We've hit the minimum investment we need to raise but we really want to achieve our maximum investment target of $500,000. We are very grateful for all of your support!

Here are the links of some of the media Woolies Jeans has been in -

Stuff.co.nz -
https://www.stuff.co.nz/life-style/fashion/126552894/shearers-plan-to-create-the-worlds-most-comfortable-pair-of-jeans

NZ Herald -
https://www.nzherald.co.nz/hawkes-bay-today/news/hawkes-bay-shearer-fed-up-with-uncomfortable-pants-launches-merino-jeans/SVANQYIZHC67OXJHQFNVC25ERU/

Otago Daily Times -
https://www.odt.co.nz/rural-life/rural-people/shearer-aiming-take-jeans-product-world-stage

We are thrilled to have you all onboard as investors! Please feel free to invest again or share the Woolies Jeans crowdfund with friends and family as we enter this amazing journey together.

Thanks so much and I hope you enjoy the audio of Jovian LIVE on the Jono and Ben Show linked below:

https://www.youtube.com/watch?v=MFfDkrzPlI8

    Details

    Offer Details

    Current Valuation 4,500,000
    Raise Minimum 50,000
    Raise Maximum 500,000
    Share Price 1.00
    Minimum Pledge 250.00
    Maximum Shares Offered 500,000
    Explanation of valuation:

    Our valuation has been created with the help of our advisors. It is based on the Berkus method of valuation, which is commonly used by venture capitalists to create valuations for pre-revenue β€œstart-ups”.

    Financial Summary

    Prev Year Current Year Est. FY 2023 Est. FY 2024
    Revenue NZ $0 NZ $0 NZ $1,176,000 NZ $1,764,000
    Operating Expenses NZ $0 NZ $200,000 NZ $217,500 NZ $313,750
    EBITDA NZ $0 NZ $ NZ $ NZ $
    Net Profit NZ $0 -NZ $200,000 NZ $478,500 NZ $730,250

    Company Details

    Company Name: Woolies Limited

    Company Number: 8204532

    Company Documents

    Information_Memorandum_Final_Woolies_Ltd.pdf

    (application/pdf, 15.7 MB, uploaded 03 October 2021)

    Company_Constitution_-_Woolies_Limited.pdf

    (application/pdf, 239 KB, uploaded 03 October 2021)

    Company_Extract_Woolies.pdf

    (application/pdf, 745 KB, uploaded 30 September 2021)

    Certificate_of_Incorporation_Woolies.pdf

    (application/pdf, 587 KB, uploaded 30 September 2021)

    Director Details

    Name Role Profile URL Invested?
    Felix Watkins Director https://nz.linkedin.com/in/felix-watkins
    Isaac Williams Director https://nz.linkedin.com/in/isaac-williams-82906b100
    Jovian Garcia-Cummins Director http://

    Questions 4

    Ask a Question (You must login to ask a question)


    I am unsure of your valuation. Can you please provide more information of how you used the Berkus Method to calculate this?

    Posted on 04-10-2021 by Adrian Edge

    Hi Adrian,

    Thank you for your question. The valuation has been determined using the Berkus Method as follows:

    βœ… Sound idea ~ $2M

    βœ… Prototype ~ $1M

    βœ… Quality Management Team ~ $1M

    βœ… Strategic Relationships ~ $1M

    Cheers

    Answered on 04-10-2021 by Jovian Garcia-Cummins


    Doesn’t the Berkus Method have category maximums of 500k?

    Posted on 04-10-2021 by Adrian Edge

    Yes, but we have adjusted it for New Zealand currency and inflation for 2021.

    Answered on 04-10-2021 by Jovian Garcia-Cummins


    How many pairs have you made and sold to date?

    Posted on 05-10-2021 by Paul Naske

    Hi Paul, I haven't sold any pairs so far. Selling the jeans can influence the design patent - hence why I am trying to raise money so I can patent and then sell afterwards. Thanks.

    Answered on 06-10-2021 by Jovian Garcia-Cummins


    Hi Jovian - In terms of your forward projections, are your current team planning on drawing salaries, or hiring people. I imagine that this will very quickly become a full-time job for one or more people, and there doesn't appear to be much (if any) provision for that in the forecasts.

    Posted on 07-10-2021 by Adrian Edge

    Hi Adrian,

    We haven't factored in salaries because the the current team all have a shareholding in Woolies Limited and are able to work on a voluntarily basis.

    Thanks

    Answered on 08-10-2021 by Jovian Garcia-Cummins

    Pledgers 106

    Stephen Plaskas
    2021-10-14 12:35:30 +1300
    Adrian Claydon
    2021-10-14 09:51:32 +1300

    "Jeanius"

    Reweti Ngatai
    2021-10-13 23:01:31 +1300
    Chantelle Rickerby
    2021-10-13 20:55:56 +1300
    Brian McNeil
    2021-10-13 20:38:47 +1300
    Matthew Braddick
    2021-10-13 17:01:43 +1300
    Brett Evans
    2021-10-13 16:43:18 +1300
    Vanessa O'Sullivan
    2021-10-13 13:31:09 +1300
    Brian
    2021-10-13 12:52:37 +1300
    Renee Sturch
    2021-10-13 10:57:43 +1300
    Sue mansworth
    2021-10-13 10:40:03 +1300

    "Kiwi ingenuity at its best! Good luck πŸ‘ "

    Justin Ryan
    2021-10-13 10:01:59 +1300

    "It is about time we started adding value to NZ Wool and not just exporting it in bales."

    Richard Ferdinands
    2021-10-13 10:00:00 +1300
    Mary
    2021-10-13 08:35:06 +1300
    Glenys Taylor
    2021-10-12 18:10:50 +1300

    "Size 40 men's jeans Thanks"

    Crystal Beddis
    2021-10-12 13:21:51 +1300
    Yvonne & Barrie Payne
    2021-10-12 10:15:30 +1300
    Liz Davis
    2021-10-11 20:50:08 +1300

    "I think this is a great idea and will be really successful "

    Barbara
    2021-10-11 17:57:16 +1300
    Nick Menzies
    2021-10-11 11:57:29 +1300

    "One question regarding your product: what particular care, if any, must be taken when washing? Such materials can be tricky, eh."

    bridget Smith
    2021-10-11 08:53:24 +1300
    FRASER WAKEFORD
    2021-10-11 08:04:31 +1300
    Bradley lowe
    2021-10-10 20:13:21 +1300
    Jo Jackson
    2021-10-10 07:56:50 +1300
    Kyle Lowe
    2021-10-09 17:43:01 +1300
    Chuck Williams
    2021-10-09 14:50:18 +1300

    "Looking forward to seeing this thing up and running, good on ya Jovian."

    Sarah wallace
    2021-10-09 12:47:34 +1300
    Jake Vesty
    2021-10-09 06:32:54 +1300
    Catherine Jull
    2021-10-08 19:55:21 +1300
    Jake Godfrey
    2021-10-08 18:14:47 +1300

    Woolies Jeans

    Dear Potential Investors,

    In 2018, fed up with my wearing hot and sweaty jeans in a wool shed, shearing New Zealand sheep, I decided to improve on my work wear. The funny thing was that I knew that the perfect pair of jeans could be made out of the product I was working with everyday.

    Merino keeps you cool when it's hot and warm when it's cold. What I wanted to do was create a jean, which had the same subtle style of a classic denim workwear jean, whilst offering me the benefits of which merino can offer on the inside. I had my mum help design me a pair.

    We designed a fitted work jean with merino lining on the interior. After some trial and development, I haven’t worn a normal pair of jeans since. I have made a few pairs for close friends (in exchange for a few beers), who have told me I should be talking to runway models in Italy about my idea.

    I’ve never known much about business but know that these are some of the best jeans I have seen across shearing in England, Ireland, Scotland, Australia and New Zealand. I want to use funds from crowdfunding Woolies in order to patent the designs and to help build a supply chain, with my team, to allow farmers and shearers worldwide to enjoy the product that I have been lucky enough to be able to make.

    Yours sincerely,

    Jovian Garcia Cummins

    Β 

    Β 

    About our Team


    What we've done so far

    What's next?

    Risks and Challenges

    Β 

    Β 

    A Note from PledgeMe

    We have completed Equifax checks on the company, Woolies Limited, and their Directors, as well as Google and Insolvency checks. One Director, Isaac Williams, has been noted to have one default on his credit report. There were no other adverse findings.Β 

    We're 17% of Being Fully Funded

    14/10/2021 at 2:52 PM

    Thank you! It's been a fantastic start to the campaign - more than 100 of you have joined us as owners and shareholders of Woolies Limited.

    It's thanks to people like you that we're here, about to take NZ merino jeans to the world stage and help NZ so much!

    We are extremely excited about producing these jeans on scale and to have so many happy customers, when they buy these jeans!!

    It's so encouraging to read the comments our investors make when they pledge.

    Thanks for your support!

    Woolies Team

    Thank you to our investors so far!

    09/10/2021 at 10:15 AM

    Thank you so much to everyone who has already backed this exciting company - let's all take these jeans WORLDWIDE!

    We've hit the minimum investment we need to raise but we really want to achieve our maximum investment target of $500,000. We are very grateful for all of your support!

    Here are the links of some of the media Woolies Jeans has been in -

    Stuff.co.nz -
    https://www.stuff.co.nz/life-style/fashion/126552894/shearers-plan-to-create-the-worlds-most-comfortable-pair-of-jeans

    NZ Herald -
    https://www.nzherald.co.nz/hawkes-bay-today/news/hawkes-bay-shearer-fed-up-with-uncomfortable-pants-launches-merino-jeans/SVANQYIZHC67OXJHQFNVC25ERU/

    Otago Daily Times -
    https://www.odt.co.nz/rural-life/rural-people/shearer-aiming-take-jeans-product-world-stage

    We are thrilled to have you all onboard as investors! Please feel free to invest again or share the Woolies Jeans crowdfund with friends and family as we enter this amazing journey together.

    Thanks so much and I hope you enjoy the audio of Jovian LIVE on the Jono and Ben Show linked below:

    https://www.youtube.com/watch?v=MFfDkrzPlI8

      Offer Details

      Current Valuation 4,500,000
      Raise Minimum 50,000
      Raise Maximum 500,000
      Share Price 1.00
      Minimum Pledge 250.00
      Maximum Shares Offered 500,000
      Explanation of valuation:

      Our valuation has been created with the help of our advisors. It is based on the Berkus method of valuation, which is commonly used by venture capitalists to create valuations for pre-revenue β€œstart-ups”.

      Financial Summary

      Prev Year Current Year Est. FY 2023 Est. FY 2024
      Revenue NZ $0 NZ $0 NZ $1,176,000 NZ $1,764,000
      Operating Expenses NZ $0 NZ $200,000 NZ $217,500 NZ $313,750
      EBITDA NZ $0 NZ $ NZ $ NZ $
      Net Profit NZ $0 -NZ $200,000 NZ $478,500 NZ $730,250

      Company Details

      Company Name: Woolies Limited

      Company Number: 8204532

      Company Documents

      Information_Memorandum_Final_Woolies_Ltd.pdf

      (application/pdf, 15.7 MB, uploaded 03 October 2021)

      Company_Constitution_-_Woolies_Limited.pdf

      (application/pdf, 239 KB, uploaded 03 October 2021)

      Company_Extract_Woolies.pdf

      (application/pdf, 745 KB, uploaded 30 September 2021)

      Certificate_of_Incorporation_Woolies.pdf

      (application/pdf, 587 KB, uploaded 30 September 2021)

      Director Details

      Name Role Profile URL Invested?
      Felix Watkins Director https://nz.linkedin.com/in/felix-watkins
      Isaac Williams Director https://nz.linkedin.com/in/isaac-williams-82906b100
      Jovian Garcia-Cummins Director http://

      Ask a Question (You must login to ask a question)


      I am unsure of your valuation. Can you please provide more information of how you used the Berkus Method to calculate this?

      Posted on 04-10-2021 by Adrian Edge

      Hi Adrian,

      Thank you for your question. The valuation has been determined using the Berkus Method as follows:

      βœ… Sound idea ~ $2M

      βœ… Prototype ~ $1M

      βœ… Quality Management Team ~ $1M

      βœ… Strategic Relationships ~ $1M

      Cheers

      Answered on 04-10-2021 by Jovian Garcia-Cummins


      Doesn’t the Berkus Method have category maximums of 500k?

      Posted on 04-10-2021 by Adrian Edge

      Yes, but we have adjusted it for New Zealand currency and inflation for 2021.

      Answered on 04-10-2021 by Jovian Garcia-Cummins


      How many pairs have you made and sold to date?

      Posted on 05-10-2021 by Paul Naske

      Hi Paul, I haven't sold any pairs so far. Selling the jeans can influence the design patent - hence why I am trying to raise money so I can patent and then sell afterwards. Thanks.

      Answered on 06-10-2021 by Jovian Garcia-Cummins


      Hi Jovian - In terms of your forward projections, are your current team planning on drawing salaries, or hiring people. I imagine that this will very quickly become a full-time job for one or more people, and there doesn't appear to be much (if any) provision for that in the forecasts.

      Posted on 07-10-2021 by Adrian Edge

      Hi Adrian,

      We haven't factored in salaries because the the current team all have a shareholding in Woolies Limited and are able to work on a voluntarily basis.

      Thanks

      Answered on 08-10-2021 by Jovian Garcia-Cummins

      Stephen Plaskas
      2021-10-14 12:35:30 +1300
      Adrian Claydon
      2021-10-14 09:51:32 +1300

      "Jeanius"

      Reweti Ngatai
      2021-10-13 23:01:31 +1300
      Chantelle Rickerby
      2021-10-13 20:55:56 +1300
      Brian McNeil
      2021-10-13 20:38:47 +1300
      Matthew Braddick
      2021-10-13 17:01:43 +1300
      Brett Evans
      2021-10-13 16:43:18 +1300
      Vanessa O'Sullivan
      2021-10-13 13:31:09 +1300
      Brian
      2021-10-13 12:52:37 +1300
      Renee Sturch
      2021-10-13 10:57:43 +1300
      Sue mansworth
      2021-10-13 10:40:03 +1300

      "Kiwi ingenuity at its best! Good luck πŸ‘ "

      Justin Ryan
      2021-10-13 10:01:59 +1300

      "It is about time we started adding value to NZ Wool and not just exporting it in bales."

      Richard Ferdinands
      2021-10-13 10:00:00 +1300
      Mary
      2021-10-13 08:35:06 +1300
      Glenys Taylor
      2021-10-12 18:10:50 +1300

      "Size 40 men's jeans Thanks"

      Crystal Beddis
      2021-10-12 13:21:51 +1300
      Yvonne & Barrie Payne
      2021-10-12 10:15:30 +1300
      Liz Davis
      2021-10-11 20:50:08 +1300

      "I think this is a great idea and will be really successful "

      Barbara
      2021-10-11 17:57:16 +1300
      Nick Menzies
      2021-10-11 11:57:29 +1300

      "One question regarding your product: what particular care, if any, must be taken when washing? Such materials can be tricky, eh."

      bridget Smith
      2021-10-11 08:53:24 +1300
      FRASER WAKEFORD
      2021-10-11 08:04:31 +1300
      Bradley lowe
      2021-10-10 20:13:21 +1300
      Jo Jackson
      2021-10-10 07:56:50 +1300
      Kyle Lowe
      2021-10-09 17:43:01 +1300
      Chuck Williams
      2021-10-09 14:50:18 +1300

      "Looking forward to seeing this thing up and running, good on ya Jovian."

      Sarah wallace
      2021-10-09 12:47:34 +1300
      Jake Vesty
      2021-10-09 06:32:54 +1300
      Catherine Jull
      2021-10-08 19:55:21 +1300
      Jake Godfrey
      2021-10-08 18:14:47 +1300
      Equity Offer

      From NZ $50,000 for 1.1%

      Up to NZ $500,000 for 10.0%

      Share Offer

      Up to 500,000 Shares

      at NZ $1.00 per Share

      Investor Perks

      (Determined by your pledge amount)

      Sheep Friend

      NZ $250.00+

      Minimum investment of $250 for 250 shares! Each share is $1.00. πŸ‘

      Sheep Dater πŸ‘–

      NZ $2,500.00+

      Pledge $2,500 and get a pair of Men's or Women's Woolies Jeans from the first production line. Baa. πŸ‘

      Sheep Lover πŸ‘–πŸ‘–

      NZ $5,000.00+

      Pledge $5,000 and get two pairs of Men's or Women's Woolies Jeans from the first production line. Baaaa. πŸ‘πŸ‘

      Sheep Betrothed πŸ‘–πŸ‘–πŸ‘–

      NZ $7,500.00+

      Pledge $7,500 and get three pairs of Men's or Women's Woolies Jeans from the first production line. Baaaaaaa. 🐏🐏

      Sheep Wedded πŸ‘–πŸ‘–πŸ‘–πŸ‘–

      NZ $10,000.00+

      Pledge $10,000+ and get four pairs of Men's or Women's Woolies Jeans from the first production line. BAAAAAAAAAAAA. πŸπŸ‘

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.