Your Food Collective
At Your Food Collective what we do is simple. Delivering better tasting, insanely fresh, locally & ethically sourced groceries right to your door.
Grow with us as we Eat Well & Do Good!
- Type: Retail
Your Food Collective
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What is Your Food Collective?
At Your Food Collective (“YFC”) what we do is simple. Delivering better tasting, insanely fresh, locally & ethically sourced groceries right to your door.
And our impact is powerful.
Creating a significant barrier to entry, we’ve built technology and an operating model that facilitates and quantifies local, diverse food systems that have the ability to regenerate our way of life.
We’re a family business, founded by cousins Lauren Branson and Cara Cooper in 2017, and deliver across Sydney and Newcastle 5 days a week.
In just over three years we’ve:
- Started selling the products and telling the stories of over 100 local farmers & producers on a regenerative journey
- Reduced food waste by up to 50%
- Delivered nearly 50,000 orders to over 20,000 people
And, we’re growing.
For each of those 20,000 people we’ve:
- Connected them to food that tastes better, lasts longer and is grown with love
- Helped them reduce their food related carbon footprint by nearly 50%
Averaging 135% year on year growth and a net promoter score of over 60, YFC has reached a $1.65m revenue run rate. The team have successfully achieved 12% market penetration in their founding market and have built a play book to facilitate national growth.
- Impressive Traction Since Inception
We have averaged year on year growth of 135% and are currently achieving $1.7m, and on track for $5.0m revenue in FY22. Our vertically integrated business model allows a leading sustainability offer and low cost marketing, with the business having achieved profitability. We have a net promoter score of over 60 and an 80% monthly retention rate.
- Profit with Purpose
Our impact is powerful. Since opening nearly 4 years ago we’ve had a huge social and environmental impact, and we’re successfully creating a consumer led solution to a consumer driven problem. We’ve created a market for regenerative products from over 100 growers and producers, facilitated a 44% reduction in food-related carbon footprint for up to 20,000 people and are progressing towards our blueprint for a carbon positive food system.
- Sizeable Addressable Market
The Australian online grocery market is a big market ripe for disruption. The industry is growing 27% year on year and reached $7bn in sales for FY21, and yet there is limited viable competition given the logistical and supply chain barriers to entry. By the end of 2021, ecommerce market penetration is estimated to be 85% of the total grocery market. Consumers are hungry for a brand they can trust to deliver a convenient, sustainable, grocery option.
- End-To-End Customer Experience
Your Food Collective offers everything the values based consumer needs whilst meeting consumer demand for convenience. This includes a growing range of time saving meal solutions, great recipes, a fun shopping experience, and direct delivery 5 days a week.
Across the full grocery range YFC stocks over 700 products from more than 100 local producers. Their aim is to capture 85% of the grocery wallet. Product range will be key to our expansion and we will look to develop white label products across meal kits and pantry categories.
- Tangible Growth Plans
We have near term plans to grow to $28m in FY24 revenue from the Sydney and Newcastle markets, with plans in place to scale our offering and impact further across Australia. A number of key growth initiatives will allow us to work towards this goal, comprising both our service offering and our underlying technology.
"Very impressed with our first order. Everything was beautiful and fresh. We especially loved the lack of plastic packaging!"
The Problem - Our Food System is Broken
Being sustainable is no longer enough. We need to go beyond sustainability and start regenerating our way of life.
Getting food right is key to achieving all of the 17 Sustainable Development Goals outlined by the United Nations.
And our current food system is broken:
- Our food isn’t fresh
- 30% of what we grow is wasted
- It’s a significant contributor to greenhouse gas emissions
- We are failing to nourish our growing population
At YFC we’re getting food right.
From our unique producer sourcing to our packing we’re focused on regenerative practices and circularity across the supply chain.
Here’s what it looks like:
Healthy Land - We work with growers who grow with respect for the land and the systems that support it. This means our growers are regenerating life across their farms and sucking carbon from the atmosphere.
Local Communities - We make a bold promise: over 95% of our fruit and veggies is grown within 250 kilometres of our customers’ front doors (bonus of less carbon footprint!). We pay fair prices for a product that's better. We take time to listen and tell producer stories because they’re worth telling.
Delivered with Love - The majority of our fruit and veg is picked from the ground when you order it, so we get it to you faster and with more nutrients than if it's been sitting in a warehouse, truck or store for days. Our personal shoppers hand pack every box with care. We minimise our footprint, whether it’s carbon, waste, or packaging.
As Easy As Can Be - We offer everything you need, a growing range of time saving meal solutions, heaps of great recipes, a fun shopping experience, and delivery 5 days a week. Because we get it. It's hard doing right by the world and getting through the week.
We’re giving our community of producers, suppliers and customers an opportunity to own their own supply chain.
With your investment we’re going to double down on our impact. With a triple bottom line, this will help drive returns for producers, consumers, the environment and our shareholders.
- We aim to grow our commercial operations in our existing market
- Expand our product range so we can support more amazing local, regenerative growers
- Develop a white label product range
- Progress on our tech roadmap to build out our subscription model and impact qualifications
Our growth will allow the development of two additional revenue streams - white label products and technology. These additional streams alongside a growing market presence and product range will help YFC grow into a household name across NSW, and further across Australia. We see online grocery shopping as the future of a more efficient and sustainable world, and we are proud to be driving towards that goal.
"I absolutely adored my first box. Opening it and discovering my treats was like opening presents on Christmas morning! I loved the minimal plastic and being supporting local farmers - it really makes my heart sing!"
Market Overview & Drivers
The online food and delivery market is one of the fastest growing sub-sectors of the Australian consumer market, and on top of that, has experienced unprecedented growth due to the COVID-19 pandemic. General demand for online groceries is increasing at a rate of 26% per year over the past five years, with over $7 billion in online grocery sales. Over 80% of Australians already shop online, with ecommerce market penetration forecast to hit 85% by the end of 2021. The growing popularity of premium and higher quality grocery alternatives further acts as a driver for us.
Impact of COVID-19
COVID-19 has accelerated the shift to the online delivery store and grocery service market, with individuals less likely to frequent grocery stores due to concerns surrounding viral transmission. The pandemic has boosted interest in health with 50% of people choosing to buy products that are ‘good for sustainability’, a significant increase from 41% prior to the pandemic. The permanent alteration of consumer behaviour may result in more customers in the long run with 78% of grocery shoppers who have shifted to online shopping noting that they intend to maintain their behaviours. This accelerated trend will underpin a sustained and key transition in consumer behaviour.
Why Equity Crowdfunding?
We have chosen to raise these funds through equity crowdfunding because our customers and suppliers are key to the business and its growth. While there were options on the table to raise capital through traditional channels, we chose to partner with Equitise to give our key stakeholders a chance to get in on the ground floor and share in any potential success.
We want our community, customers and suppliers to be co-owners in the business, helping to build the future of the company and drive both its growth and its narrative. We also want to give our producers and customers the opportunity to own their supply chain, helping to drive the change from a commodities based food system to a values based food system. It made perfect sense to take this step on our journey to changing the way we shop for groceries.
Australian Corporations Regulations - Warning Statement About Equity Crowdfunding
Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks.
You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares.
Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.
Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money.
There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform on which this offer is published becomes insolvent, you may have difficulty recovering your money.
Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.