Six By Nico Investment

phlebas192

No idea about this particular "opportunity", but anyone appealing to individuals to invest is doing so knowing that they cannot obtain backing from more usual sources of investment. Expect a small chance of makig a decent return and a sizeable chance of losing the lot.

friolento

Saver101101 said:

Brie said:

you've never heard of them but they've emailed you?  stay away.

I don’t remember ever saying I have never heard of them ?, I have visited their restaurants a few times, and no doubt by being on their mailing list I received the offer, I do have investments elsewhere including the UK and US, I just wondered what other people’s views on this particular "Venture" was.

If you have done your due diligence on the company and are convinced that putting your money into it, you might want to decide to go for it. Nobody here can tell you whether it's good or bad. It's not for me as I never invest in single companies, regardless of their size or industry. 

gravel_2

They seem to be doing an 'interesting' offer where you invest £360 and get £360 equivalent in restaurant spend, which seems a no brainer for people who regularly go.

It's a well established business. Nico appears to have a decent entrepreneurial streak, although reviews of his personality and work culture are less generous.

In general with crowdfunding of this type, they either need or want the money and can't or don't want to raise it as debt or institutional investment. Until the Crowdcube page goes live there's no documentation to review. Always assume these companies are trying for the Brewdog model of raising money from micro shareholders that are hostage until a never-arriving IPO.

eskbanker

They're really pushing this, another email today stating that the offer goes live in 48 hours:

We noticed you haven’t signed up yet, so we wanted to send a gentle reminder.

This crowdfund was created for our most loyal customers like you and it’s your chance to become a co-owner of Six by Nico.

This is a one-time opportunity, and we’d truly hate for you to miss out

Albermarle

eskbanker said:

They're really pushing this, another email today stating that the offer goes live in 48 hours:

We noticed you haven’t signed up yet, so we wanted to send a gentle reminder.

This crowdfund was created for our most loyal customers like you and it’s your chance to become a co-owner of Six by Nico.

This is a one-time opportunity, and we’d truly hate for you to miss out

Although the company is known and it is not a scam, some of the tone of this e mail could well lead you to think it was one. 

ack1961

Reading the information they published so far, unless I read it wrong, for your £360 investment you get that back in 1st year through restaurant vouchers and other benefits yet to be defined. I will wait for the formal crowdfunding proposition to come out before deciding but I can't see myself losing money as long as they are in business long enough for me to redeem the vouchers. We use the 2 Manchester venues quite regularly and never been dissapointed so will be interested to read more when/if the offer starts.

eskbanker

ack1961 said:

Reading the information they published so far, unless I read it wrong, for your £360 investment you get that back in 1st year through restaurant vouchers and other benefits yet to be defined.

They'd probably consider the benefits to have been defined, albeit some are fairly vague at this stage:

TheWSM

We are also regular customers and would visit at least 4 times in the next year anyway. We wouldn’t be worried about losing our investment (or its dilution) as long as the Cardiff branch survives long enough for us to get 4 visits in beforehand! 

budgeter043

I’ve also had the email and we enjoy visiting fairly regularly. Has anyone signed up?