Founders going through the gears to raise £450,000 via Crowdcube for UK’s first indoor BMX and mountain bike site.
Accountants and business advisors Beever and Struthers are providing expert financial advice to entrepreneur Dan Makin as he gears up to open Dirt Factory, the UK’s first dedicated indoor bike park in Manchester.
Dan and his fellow founding directors have hit their initial target of raising £300,000 from investors – including entrepreneur and former Dragon’s Den star Piers Linney – via crowdfunding on Crowdcube and have raised that target to £450,000 because of on-going strong demand.
Dirt Factory will be the UK’s first indoor bike park dedicated to mountain and BMX biking enthusiasts aged three years-plus. Its exact location has yet to be confirmed but it will be housed in a former warehouse or distribution centre and feature indoor bike trails made from recycled dirt and shipping containers.
After spending three years researching the ambitious scheme, developing a business plan and growing a network of supporters, the founders plan to open the facility late 2016, depending on the premises and planning requirements going as programmed.
Claire Kennedy, partner at the Manchester head office of Beever and Struthers, heads a specialist team advising Dan and his fellow directors on tax relief for their investment, how best to structure their offer to investors and general advice for them as a start-up business.
Claire said: “Dan and the other founders of and investors in Dirt Factory epitomise the entrepreneurial spirit that burns bright in Greater Manchester and the wider North West and that helps to drive the region’s economic prosperity.
“Our provision of expert advice, tailored to the specific requirements of Dirt Factory, reflects the breadth and depth of talent at Beever and Struthers as we look to fulfil our ambition of achieving better for all of our valued clients.”
Beever and Struthers was introduced to Dan Makin and Dirt Factory by Anita Frost, the founder of Curricula & Co, a Manchester-based educational and training establishment specialising in entrepreneurship and employability with educational and training academies that cover the UK, USA and Bosnia.
Anita said: “Dan and Dirt Factory team define taking entrepreneurship to new heights, embracing our academy learning and involvement in quality, leveragable partnerships, while applying consistent personal movements of application, to achieve goals to give their customers and local communities the ultimate experience.”
Dan Makin added: “We are very excited about bringing a unique leisure experience to Manchester and we applaud the support provided to us by Claire and colleagues. The service and support we received is everything a start-up business could wish for and we look forward to developing a partnership well into the future.”