Expansion plans for England
Crowdfunding campaign launched to boost PURE growth
PURE founder Becky Woodhouse is looking to expand her spa business south of the Border
PURE Spa & Beauty, the Edinburgh-based spa group, has launched its first crowdfunding campaign as the business seeks upwards of £150K to boost its UK growth.
PURE has seven spas in Scotland, including three in the capital, and is targeting expansion south of the Border with further outlets in the likes of Manchester, Liverpool, Birmingham, Newcastle and London, where their only English branch is located.
Investment will start at £10 and there is a host of VIP rewards and benefits on offer for shareholders with £50 or more invested.
Chief executive Becky Woodhouse, who started the company 16 years ago, said: “We are excited to be launching our first fund raise which will give our 220,000 clients the opportunity to own a part of our business.
“Accessibility is at the heart of our business, and what could be more accessible than offering share ownership in our business with investment starting at £10?
“In line with the growing interest in wellness, our plan is to open new PURE Spa & Beauty locations in high footfall retail centres across the UK’s biggest cities.”
In addition to the London spa and three outlets in Edinburgh, the business operates a further two in both Glasgow and Aberdeen, employing a total of 150 staff. All PURE spas are currently reporting 20% year on year growth
The spa and wellness sector is currently booming, with UK consumers spending an estimated £7.6 billion on treatments in spas and salons in 2017 – a figure that is expected to surpass £8bn by 2021.