In 2018 the CDC determined that approximately 1 in every 59 children is diagnosed with an autism spectrum disorder (ASD). Imagine, if you would not have full control over your senses or simply were not able to focus your attention. Toys suitable for sensory play provide the particular input that many children with autism crave. Sensory play can help kids with autism calm down, stimulate their senses, and develop important skills!
Rover Education is engaged in the manufacture and supply of equipment and products for education and creation of unique sensory rooms. These rooms and equipment separately help special needs children and adults with many different disorders, for example anxiety, depression, not being able to focus, sensory overload or being under stimulated, it helps the user to relax, develop through play.
We are raising funds to fulfill our expansion plan, the funding will allow us to produce the equipment in bulk, create a functioning warehousing system, boost revenue, lower costs of production and help with the development of a new sensory toy line.
Minimum target: EUR 100 000,00
Maximum target: EUR 260 000,00
Loan term: 18 months
Interest rate: 16% per annum
Crowdestor BuyBack fund: No
Interest payments: paid monthly
Loan repayment: 60% after the first year and 40% at the end of the loan term
Collateral: Guarantee issued by the Borrower and shareholders, as well a commercial pledge on the stocks funded.
Collateral Agent: Crowdestor Security Agent OÜ
Rover Education specializes in educational toys and sensory equipment. Our main two market shares are global distributors who resell educational and sensory goods in their regions and parents all around the world. Since our market is very niche we do not have large competitors, perhaps the largest of all being ROMPA who has been on the market for almost 30 years.
We have been operational since 2014, our main goal is to expand our current sales volume by creating a new product line and by expanding sales of already existing products through current and new channels.
The sensory toys and equipment market is a growing market, it is only around 30-40 years old and individuals and governments are starting to see the potential benefits of integrating sensory in schools and homes more and more. We have seen a growing tendency and more frequent requests from companies who work with governments directly on tenders or projects with schools. We have been providing sensory equipment from 2014. Our main revenue comes from Russia, Germany, Poland, UK, Ireland and Canada. But we are very close to partnerships in USA, Mexico, France, Italy, Spain and some smaller markets like Iceland, United Arab Emirates.
-Concrete plan to work with partner companies who offer warehousing and shipping services directly to offer fast delivery.
-The most popular items will be produced and kept in stock, which will enable Rover Education to offer quality equipment under minimum order quantities and lower production costs, since production will be done in bulk.
-A large number of connections have been made during the past 4 years. These connections are schools, smaller and larger distributors who will increase sales after Rover Education can provide products without minimum order quantities and from stock.
-Offer product distribution from 2 main locations, China and Estonia for a quicker shipping time.
-Develop a new line of fun and interactive sensory toys to increase sales volume.
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