A south London-based business that provides a fitness and social hub for cyclists is turning to crowdfunding to finance its plans to expand to other locations as well as to roll out an online coaching platform.
Cadence Performance, which says its existing facility in Crystal Palace counts 5,000 cyclists as regular customers, is aiming to raise £300,000 through Crowdcube.
Among the services offered by Cadence at its existing premises are a workshop, a Wattbike studio, bike fitting, fitness testing, sports therapy, and custom insoles.
Wattbike: The best bits
It says that according to a recent Strava survey, it's cycle cafe is the second busiest such establishment in the capital, and the location also offers yoga and Pilates classes as well as selling Giant bikes and accessories.
It was founded by keen cyclist Frank Beechinor and his riding buddy - and GP - Ray Vella. The pair came up with the idea when they were planning to go out riding but were unable to find a place to meet up.
Beechinor said: We have come a long way since we wrote the business concept on the back of a napkin. Sales are now running at over £80,000 per month and this extra investment will allow us to expand the business and set us on the road to achieve our ambition of becoming the UK’s largest network of cycling hubs”
You can find the campaign on Crowdcube here.
The fundraising platform is the same one through which another south London-based business, cycle clothing brand Vulpine, raised more than £1 million having initially set a target of £500,000.
Vulpine raises £1 million
Radar tells me their closing speed, if they are slowing and how far away. Then I decide to say a prayer. The change of light pattern is incidental.
Quite so, which is why our village 20mph zone covers the whole residential extent. Of course, enforcement is another thing..
£4.
No, that's very doubtful while proper testing would be fully destructive.
In that £1000 exactly scenario, beginners should probably be made aware that pedals will be extra.
What's wrong with dropping down on to the Millenium Bridge, or the swing bridge, then the brief, but satisfying climb back up the hill? #training....
The relatives might of course disagree, but in general I'd countenance a relatively light sentence* if only we could fix it so that those who...
Id forgotten that I got a second hand set of project two's for my getting to work bike over twenty years back.
My bet is that all these tires popping off are from people with bad pressure gauges or they're simply just putting too much air in on purpose. ...
David9694 - you were right! These new autonomous vehicles really are conspiring to run out of control!...