Bark Boats — Super Durable and Portable

8 days left
Minimum Target €64,000
Total Target €128,000
Already invested 0
Investors 0
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Investor Benefits and Loan Security

IC-Connect UG is planning to expand their lineup of professional fishing equipment by introducing Bark boats to their inventory. In doing so as a seasonal investment, they plan to be a one-stop-shop for everything boat fishing and maximize their share on Germany's thriving recreational angling market. Their current goal involves raising enough money to buy these boats with a 100% prepayment directly to the manufacturer, which is based in Ukraine. They wish to do so before the boat fishing season in Germany begins, at which point, they believe they would be able to sell everything in less than three months.

Right now, they want to raise enough to cover for the €50,000  tag minimum order quantity and transportation expenses, and hope to exceed that if possible since more boats ordered means less transport costs per unit of goods. They’ve since partnered with TFGcrowd to reach a target total of €128,000 to meet the costs of the investment, with a set minimum at €64,000. For their participation, investors to the project will be offered an 18,2% interest rate, which will be paid out over the course of the loan term of 4 months.

Interest rate payments start calculating from the day you make your investment!

The following pledges secure the loan:
•    Personal guarantee of the Borrowers’ shareholders & CEO

The loan is offered with the BuyBack Guarantee: thus, if a borrower is late with the repayment of the loan, TFGcrowd will compensate the investors both the invested principal amount and interest, as well as pay the accrued interest after 60 days of delay.

 Invest in Bark Boats 

Who says you need to get on a yacht to embark on an exciting fishing adventure? When it comes down to some good old-fashioned fishing fun, all you need is some sunscreen, your trusty fishing gear, and a Bark boat to ferry you to your next big catch!

IC-Connect UG, the people behind Germany's über-popular online lure and tackle shop, Outdoor Shop, knows this full well. That's why they want to add Bark boats to their ever-expanding catalog of fishing goods!

Why does it have to be Bark boats, you ask? Because Bark boats aren't anything like your average floating vessel. They're inflatable, you see, and they have four things going for them that make them the more sensible choice when it comes to your pick of fishing boats: 

  1. They're economical. When it comes down to pricing, Bark has traditional boats beat. It's way cheaper than, say, your average wooden or steel boats, which take a lot of materials and human resources to produce.
  2. They're fitted with state-of-the-art tech. If you thought these inflatable boats only involved air and some rubber and plastic, you're dead wrong. Their rowing and motorboats come with industry-grade materials and a whole lot of engineering to keep you comfy, dry, and, more importantly, afloat.
  3. They're very safe. Let's just say your typical iceberg won't do a thing to your Bark boat. Each one is handmade and therefore guaranteed to last and meet safety and quality certifications. They're regularly used as rescue and coastal boats for a reason.
  4. They're super portable. Have you ever tried lugging a traditional boat and packing it neatly in the back of your SUV? You haven't, but you can definitely do that with Bark boats. 

IC-Connect UG hopes to add Bark boats to their lineup of fishing equipment in hopes of improving their shop's offering ahead of Germany’s boat fishing season. If you're up to make an excellent investment in the country’s proven anglers' market and capitalize on its ever-growing recreational boat fishing industry, investing in IC-Connect UG's Bark boat thrust is a must!

Market Outlook

The history of recreational fishing in Germany goes as far back as the country's foundations, and the culture built around it is as rich and storied as Deutschland's very own. The persistence of the country's recreational angling culture is partly owed to that history, and partly to the fact that lakes, rivers, and ponds cover 780'000 hectares of the country. 

Most of these bodies of water are utilized for fisheries, which have long-staple venues for recreational angling in Germany. According to a 2015 report from the UN's Food and Agriculture Organisation, "Lake and river fisheries generate a substantial amount of fish caught by 1.5 million recreational fishers." Needless to say, there's a substantial boat fishing market sustained by tradition and by the abundance of local fisheries that keeps that tradition afloat.

This has always bidden well for lure and tackle companies like IC-Connect UG's Outdoor Shop, which sells all kinds of professional fishing gear for fly and bait anglers alike. The company, however, has never fully penetrated the boat fishing market because it lacked an offering on one aspect of the trade, namely boats. Their current push to expand their lineup comes in light of recent data suggesting increased global interest in the viability of inflatable boats for traditional sporting activities, including recreational fishing.

A recent press release on the global inflatable boat market reports that it "is expected to grow at a CAGR of 8.7% from 2018 to 2023 to reach USD 66.5 billion by 2023, driven by factors such as booming tourism industry, growing economic developments, increasing participation in the boating activities, continuous innovation in boat engine, and rising disposable income. Furthermore, factors such as growing water sports activities and increasing boat import in developing nations offer significant growth opportunities for market players during the forecast period."

By offering cost-effective "lite" alternatives to the traditional boats used for sports angling, they hope to address the dearth in their lineup, as well as capitalize on the growing popularity of inflatable dinghies.

If you're looking to invest in Germany's proven angling market and take advantage of renewed global interest in inflatable boats, you won't find a more opportune prospect than investing in Bark Boats today!

Further, IC-Connect UG believes that their plan to make the purchase couldn’t come at a better time since boat fishing season in Germany is set to begin in a month or so. The delivery from Ukraine to Germany will take approximately 2 weeks. They hope to take advantage of the upcoming season and project that they would be able to sell everything in 2 to 3 months.

 

 

 

 

 

Loan term
4 months
Interest rate
18.2% per year
Earnings
0

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