The Idea

BookAclassic (www.bookaclassic.com) is Europe’s leading online booking portal for rental of classic and unique dream cars, buses, motorcycles and aircraft. Think Airbnb for classic cars and you have an understanding of the business model. The company connects classic car owners wishing to hire their vehicles out, with consumers looking for a classic car experience. The company’s objective is to make BookAclassic, the world’s preferred booking site for classic and unique vehicles. 

It is essentially the same concept as the hugely popular Airbnb platform, which has highlighted the massive potential in the global “share economy” and transformed the accommodation market. Just as Airbnb runs on a marketplace platform model where it connects hosts and travelers and enables transactions without owning any rooms itself, BookAclassic connects classic car owners with people seeking classic cars, without owning the cars. Such platforms disrupt traditional industries by creating new sources of supply and relying on curation for developing quality.

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The Market

To understand the potential scale of this opportunity, it is worth considering some similar business models from around the world, most of which are in the accommodation sector - www.bookings.com, www.hotel.com and www.airbnb.com. The latter, Airbnb, was founded in 2008 and now has over 1,500,000 listings in 34,000 cities and 190 countries and clearly shows how disruptive this type of business model can be. All of these companies are scalable platform based businesses, which have disrupted the traditional market for travelers seeking accommodation.

BookAclassic has the same objective - to disrupt the traditional classic and unique car hire sector through its fully automated bookings platform. The value of the business is in its platform, which has had five years of development and nearly £100k of investment poured into it. It is a niche market with huge potential to scale globally.

The size of the classic car market worldwide is extremely large. In the US and UK alone there is in excess of 5,000,000 classic cars. In the markets that BookAclassic is looking to enter over the next 2 years (i.e. the rest of Europe, Canada, USA, South Africa and Australasia), that number grows significantly. Perhaps more interestingly though, in those same countries, research has indicated there are in excess of 5,000,000 weddings annually. This provides an indication of the potential market for BookAclassic. A UK website indicates that 54.1% of brides and grooms hire transportation for their wedding day, with a further 9.8% undecided (http://hitched-wife.org/wedding-facts-economics/trends/over-half-of-couples-plan-to-hire-wedding-transport/). This statistic does not take into account car hire for other formal gatherings, commercial events or film and photo shoots.

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Q & A

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The Team

Exit Strategy

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the Numbers

Target: £180,000 Raised so far: £ 180,000.00 Investors: 8
  • Days Left
  • Funded
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top investors

Lars : £59,976 Michael : £49,980 Hassan : £29,580 Robin : £15,300

the Company

Registered number: 7733024 Website: https://www.bookaclassic.com/
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