This is an IPO for Student Removals Netherlands. We are setting up a subcompany to an already operating removal business and we would like to offer you a unique chance of bringing cryptocurrencies to everyday life like never before. In the case of a successful IPO we will be able to offer removal services to 2 million Finns and to 16 million Dutch. ¨
Currently we're operating in Finland but we are planning to expand our operations to the whole Europe, beginning from the Netherlands. Today we offer our services only in fiat but tomorrow we aspire to offer them also in cryptocurrencies. The currencies that will be accepted will be first Bitcoin , NXT and NEM (after launch).
We believe that the biggest problem in the widespread adaptation of cryptocurrencies is that you cannot easily use them in the everyday life. Just imagine that your nearest grocery store or the pizza delivery guy would accept cryptocurrencies. We will be able make that possible in the removal industry since we offer removal services to 2 million Finns, and when we begin our operations in the Netherlands we will be able to offer them to 16 million Dutch.IPO in ShortWhat is Student Removals?- A removals company operating in Finland. We are looking for investors in order to expand our operations to the Netherlands.
- Student removals uses students as our movers and packers to provide them for a reliable source of income during their studies. Furthermore, we also offer young people the possibility to have a degree in logistics through an indenture program.
- Our business is lucrative and the profit margin of our company is 15-20%. The estimated profits for the year 2014 are 80,000€
- We will start accepting crypto currencies for our services. No other logistics or removals company in the world accepts them.
- We can offer grassroots visibility for crypto currencies since we deal with all kinds of people in their everyday life situations. Our target market is currently 5 million Finns and in the Nerherlands we would reach 16 million Dutch.
- Besides customer visibility we can advertise crypto currencies in our trucks.
- We have the know-how and currently we run a lucrative removals business in Finland. After studying the Dutch removals industry we believe we can replicate our business model in the Netherlands.
- We will incorporate you to the company legally. You will become a legal owner of the company that is being set up and you will not have to worry about us disappearing with your money since we have provided our Finnish VAT number. Furthermore, to ensure the transparency of the IPO we have provided our personal contact info to the NXT community and we will have a third party check out our invested funds account weekly. On request we will provide our personal contact info to prospective investors as well.
- By investing you can support the widespread adaptation of crypto currencies. Unless people can buy their everyday things with crypto currencies they will unlikely replace fiat money.
- Once our business is set up and stabilized we will pay dividends to our investors.
Below you can find an introduction to the mother company and the long version of the IPO.
Our story and an introduction to the mother companyStudent Removals Finland was established in response to the poor situation in the home removal industry in Finland. In 2010 we learned how badly things can go with home removals. The following year we founded Student Removals Finland because we believed that home removals could be done both inexpensively and diligently.
Besides of a lucrative business Student Removals Finland is also a cause. We mainly aim at employing students and providing them with a reliable source of income during their studies. We wish to provide our employees with a good work environment and in the future they will also have the possibility of doing an indenture in the field of logistics. The first indenture programs will start this fall.
During the three years of its operation Student Removals Finland has grown its business strongly and we have diversified it according to our customers' needs. Currently we have done well over 1500 removals and we employ 18 people.
Our Business and aspirationsCurrently we're operating in Finland but we are planning to expand our operations to the whole Europe, beginning from the Netherlands. Today we offer our services only in fiat but tomorrow we aspire to offer them also in cryptocurrencies. The currencies that will be accepted will be first Bitcoin , NXT and NEM (after launch).
We believe that the biggest problem in the widespread adaptation of cryptocurrencies is that you cannot easily use them in the everyday life. Just imagine that your nearest grocery store or the pizza delivery guy would accept cryptocurrencies. We will be able make that possible in the removal industry since we offer removal services to 2 million Finns, and when we begin our operations in the Netherlands we will be able to offer them to 16 million Dutch.
Our objective is to provide home removals that are inexpensive and carried out diligently in the Helsinki metropolitan area. We have succeeded in this because more and more of of are removals are booked based on the recommendations of our previous customers. The next fall we will start training truck drives through an indenture program, for supporting the youth is our most important value and what determines our long term strategy.
Our range of utilities has grown since the beginning and currently we offer cleaning services after removals, packaging services, sales of packaging materials, leasing of moving boxes and, of course, removals. The most popular utilities besides removals are the purchasing of packaging materials and the leasing of moving boxes.
Our sales have grown strongly during our time of operation. Nevertheless, we believe that the growth will continue more pronounced with the invested capital. In 2012 our sales were 165,000€, in 2013 they were 335,000€ and our prediction for 2014 is 500,000€. Our depot is located in Helsinki along with our office and our storage facilities. We operate with 3 trucks and currently we're in the process of purchasing the fourth truck.
The mothercompany's name is in Finnish: Suomen Opiskelijamuutot Oy VAT 2576537-6. Online: opiskelijamuutot.fi
Pictures from our new websiteInvesting in Student Removals NetherlandsWe are operating a profitable business in Finland and we would like to bring its model and brand to the Netherlands. Our concept works great and we are affirmative that we will be able to form a profitable business elsewhere in the Europe. We have the know-how and the knowledge to build a profitable removals company. Furthermore, we will bring cryptocurrencies to the everyday life of all of our customers and thus increase their visibility. There is a lot of buzz going around cryptocurrencies but no major industries, besides some in the technology industry, have adopted the use of cryptos in their everyday business. We will be able to bring cryptocurrencies into the logistics industry, where they have not yet established their position.
We will release a total of 1 million SRN assets in the NXT asset exchange each priced 4 NXT in exchange for 40% of the company. Our investors will have the chance to invest in our company as an anonymous or an identified shareholder. What this means is that upon forming the company and its articles of association we will offer all the IPO participants the chance of being legally incorporated in the company. So if you choose so you can become a regular shareholder in the business just like in any other company, or if you wish to stay anonymous you can do so by just owning the released assets in the NXT asset exchange. Upon the agreed date when dividends are paid we will send the according amount of NXT’s to the account that holds the asset.
We will offer the stakeholders a chance to participate in the company’s operation if they wish to do so. We will hold regular skype conferences to willing participants. The IPO will last until 14 October and after its end we will contact the stakeholders for further information.
Uses of funds and financial estimatesThe funds will be used to start the removal operation in the Netherlands. We will purchase 2-3 trucks, moving boxes and rent office and storage facilities, and begin the marketing. The estimated cost of setting up the company will be 100,000€ and it is possible that in the case of the IPO not gathering that amount that the mother company will provide the remaining funds.
Financial estimates | 2014 | 2015 | 2016 | 2017 |
| Sales | 250 000 € | 500 000 € | 750 000 € | 1 500 000 € |
| Sales growth | | 100% | 50.0% | 100.0% |
| Operational costs | 225 000 € | 420 000 € | 600 000 € | 1 200 000 € |
| EBITDA | 25 000 € | 80 000 € | 150 000 € | 300 000 € |
| EBITDA % | 10.0% | 16.0% | 20.0% | 20.0% |
You can invest in Student Removals Netherlands by purchasing the SRN assets in the NXT assets exchange.
You can invest with BTC through secureae.com.
Please note that you can check the mothercompany's details through VAT number 2576537-6.
