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Urban Xtreme Adventures Pty Ltd
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115 people pledged
AU$200,000 minimum target
Pledges will only be confirmed if the target is reached by: 01/02/2019 at 12:00 AM (AEST)Make a Pledge
Urban Xtreme Adventures Pty Ltd
Urban Xtreme Adventures Pty Ltd (ACN 611 839 082) are offering up to 1,000,000 fully-paid ordinary shares at $0.80 per share to raise a maximum of $800,000. This Offer is made under the CSF regime in Part 6D.3A of the Corporations Act 2001 (Corporations Act).
The general public in Australia can buy up to $10,000 worth of shares in this company, as part of the new equity crowdfunding legislation (Note: there is no cap on how much Sophisticated Investors can invest). Please make sure to read the risk warning statement, offer document, and understand the Cooling-Off rights. Instructions on how to register to invest and pledge are here.
Letter from Founder
Dear UX Tribe-ster
Thank you for considering this opportunity to buy shares in UX and joining our mission to enhance the lives of people through FUN, FITNESS AND ADVENTURE bringing active adventure sports and entertainment to the city, making them AFFORDABLE, ACCESSIBLE AND ACHIEVABLE to the community.
After immigrating to Brisbane 9 years ago with my husband Darren, we recognised a niche in the market for snow sport and adventure.
Having always been adventure seekers and keen snowboarders, we were looking for a place to maintain our ski skills and enjoy adventure activities with our children, but there was nothing available.
In this busy time of technology overload, we are all aware of the impacts that our lifestyle is having on the health of our communities and the time we can spend being active with our families. At the same time, it seems people are reducing their engagement in traditional sports, and flocking to adventure sports such as trampolining, climbing, obstacle training and snow sports.
This is where the idea of UX was born, out of a passion for ski and adventure sports and a belief in leading an active, healthy lifestyle and having quality time with family.
Imagine being able to enjoy the activities normally reserved for winter, snow parks and mountains all year round right here in Brisbane. All in a safe, fun and low-cost environment. Add to that the ability to improve your skills, so that when it’s time to take that trip to the Snowy or Rocky Mountains, or wherever in the world, you’ll be able to make the most of your holidays.
It is with great pleasure we introduce to you Urban Xtreme Adventures Pty Ltd (Urban Xtreme or UX). Launched in 2017, our active adventure hub offers what we believe is the ‘Ultimate Experience’ in sports and leisure, empowering people to connect, engage and strive for their potential. The first chapter of our story took place with the opening of our centre in Brisbane, Australia.
The next chapter will be the addition of new activities and equipment that we believe will appeal to a wider market and increase profitability. If you are someone with a sense of adventure who recognises the importance of providing opportunities to keep our community active and wants to be part of the global shift in sport and recreation, then don’t miss this opportunity to invest in the future you want to see for your family and friends and be part of this exciting organisation.
I truly believe that what we are building is a remarkable business that is set to positively improve and enrich the lives of our community and the leisure market and I very much hope you will come with us on our journey. These are exciting times for sports and leisure. Don’t miss this opportunity to be part of this journey.
Lindsay Davis, Founder
About Urban Xtreme
Urban Xtreme Adventures Pty Ltd (“UX” or the “Company”) is an urban adventure ‘hub’ and is one of the first of its kind in Australia, delivering indoor snow sport and adventure experiences.
UX aims to be a fresh, disruptive concept in active leisure, with the goal of bringing adventure sports and entertainment to urban environments in a new and exciting way.
UX founder, Lindsay Davis and Director Ben Baker have developed a business model that caters for the growing interest in adventure sports, providing an urban solution to those looking to experience recreational and
enthusiast level Ski and Snowboarding, Trampolining, Climbing, Ninja, Parkour, Laser Tag and other active leisure activities. The success of business models such as “Bounce INC”, “Skyzone”, “Latitude” and “We are Vertigo” demonstrate that the global market is ready for large-scale active leisure providing a larger variety of adventure activities.
The activities are designed to thrill adults and kids of all ages and abilities while remaining affordable, accessible and achievable.
We believe our centre is the first multi-activity attraction in Australia combining a wide range of snow sport and adventure activities designed to appeal to ski enthusiasts, adventure seekers and the day out family market.
We have set our first site up in Brisbane, a 12-minute drive from Bris- bane’s CBD and accessible to the majority of the Brisbane population. It is our intention for this site to be the first of many.
We aim to provide the South East Queensland community with opportunities to participate in adventure sport activities and learn new skills that would normally be out of their reach; financially, geographically and physically.
We believe UX will encourage visitors to the area while at the same time offer the local community a modern facility.
UX offers adventure passes, ski passes, birthday parties and workgroup/team building activities, as well as new experiences such as Ninja Warrior race nights, ski competitions and Laser Sporting Leagues.
The UX mission is to make active adventure sports AFFORDABLE, ACCESSIBLE and ACHIEVABLE by providing cities with the ULTIMATE EXPERIENCE in adventure sports
and active entertainment. We aim to ENGAGE, ENABLE and EMPOWER all people that connect with UX to be the best they can be, by FINDING THE FUN IN FITNESS THROUGH ADVENTURE and experiencing the ultimate excitement.
Read more about the Business Model, our Market, our Competitors and our Growth Opportunities in our Offer Document.
FOUNDER, CEO, DIRECTOR
Lindsay has a first-class honors degree in Events, Marketing and a PRINCE2 Project Management certification. Lindsay has 15 years of experience managing a variety of high-level projects and events, as well as having operational, sales, marketing, communications, business development and people management experience. Lindsay also spent many years in the sporting world as a competitive trampolinist and has a passion for sports, adventure and fitness. Lindsay is the CEO and original founder of UX . Lindsay is a go-getter who is diligently focussed on grow- ing and developing the business by finding UX the best opportunities for new activities, partnerships and investments. Lindsay is the prime viionary of the UX Ski and Adventure Park concept.
DIRECTOR, PROJECT & FINANCIAL CONTROLLER
Ben is the Founder of two indoor Family Entertainment Centres (Laserzone Brisbane & Sunshine Coast). Ben has over 15 years’ experience in Family Entertainment Centre operations, management and marketing, as well as 20 years’ experience in Laser Sporting participation. Ben is Australasia’s most decorated player in the 20- year history of the sport. Ben is also a qualified accountant with a Bachelor of Commerce with a first-class honors degree in Finance and will act as the CFO in the early stages of the busi- ness. Ben is a Director & project manager. Ben’s focus at an operational level is to guide the management team and supervise the establishment of the crew, culture, systems and performance.
Mike is Founder and CEO of Engineer Your Business, a specialist Business Consulting firm. Mike has over 20 years of business management experience, including nine years as Director, General Manager and CFO in a specialist engineering company with 100 staff in 13 offices in 5 countries.
Gary is founder/Managing Director of Linton Howard with
over 30 years’ experience successfully managing and growing a diverse range companies large and small. In addition to leading and running companies operating globally, including SAAB ITS, Greenspan Technology and Prospect Group, he has extensive management advisory experience in mining, construction, manufacturing, professional services, franchising, technology and start-ups. This experience spans Australasia, Asia, the Middle East Europe and USA.
As an experienced and successful Non-Exec Chairman, Director, CEO, Manager and Management Adviser he has assisted many companies become investment/exit ready and has executitd numerous capital raisings, strategy plans, governance implementations, management restructures and senior executive recruitment assignments.
Read more about our Team in our Offer Document.
Risks facing the company
In our offer document, we have provided descriptions of the main risks facing UX. The risks that have been described are only those that may significantly impact the success or failure of UX. An investment in UX should be seen as high risk. Investors should read the risk section carefully before deciding to apply for shares under the offer.
There are also other, more general risks associated with UX (for example risks relating to general economic conditions or the inability to quickly or easily sell your shares).
It is the preference of the Directors of UX that if by investing in UX you are placed under financial stress, that you instead opt to retain your funds to avoid such stress. If you are in any doubt, are unsure, or don’t understand anything in this document or, if you cannot afford to lose the investment amount, please do not invest in this offer.
Read our full Risks Section in our Offer Document.
Terms of the offer
UX is offering up to 1,000,000 shares at an issue price of $0.80 per share to raise up to $800,000. The key terms and conditions of the Offer are set out in Table 9 below.
Use of funds
Read more about the Use of Funds, Investor Benefits & Rights Associated with these Shares in our Offer Document.
* At the close of the raise, gift cards will be sent to investors and can redeemed online or in person.
** Only Sophisticated Investors may invest above the retail investment maximum of $10,000, there is no maximum investment limit for Sophisticated Investors.
*** Life time discount does not include food & beverage or merchandise, and will be for the lifetime of the investors shareholding in Urban Xtreme Adventures Pty Ltd. Discounts to be used by immediate family only
**** All investors will have the opportunity to buy future shares if it goes to the public, but those who invest over $2k will have first rights
- Cooling-off Rights - You have the right to withdraw your pledge for any reason (including if you change your mind about investing in the Company). You must do so within five business days of making your application (the Cooling-off Period) by emailing [email protected] with your full legal name and number of shares.
- Communication Facility for the Offer - You can ask questions about the Offer on the Question tab above.
- Effect of the Corporate Governance Concessions - there are some concessions around Annual Reports and Takeovers that you can read in full in the offer document.
Read more about Investor Rights in our Offer Document.
Note from PledgeMe
We have completed background checks on the Company (Urban Xtreme Adventures Pty Ltd) and the Board of Directors (Lindsay Davis, Ben Baker, Gary Linton, Mike Dowsett). We found no adverse findings in our checks. Please read the warning statement, offer document and ask questions before choosing to invest. PledgeMe will receive 6% (GST inclusive) of the funds raised if the goal is met by the deadline.
Hard at work!
05/03/2019 at 6:15 PM
Over the last couple of weeks we have been working hard building our new dodgeball area in time for the April School Holidays. We are also thrilled to be planning another two new activities for later in the year including a launch jump and our climbing walls!
We're excited that the first tranche of shares were issued, and share certificates for these will go out this week via email. We've also been processing all of the tiered gift cards and discount codes and we will be sending these out to you very shortly.
If you have any general questions, please give us a call on 1300 872 269 or email us at [email protected]
Thanks again for your support!
Urban Xtreme Adventures Pty Ltd
Our trampoline extension is on the way! Plus a PledgeMe update
12/02/2019 at 5:27 PM
From all of us at Urban Xtreme, thank you for your investment and support in helping us achieve our goal!
We are excited to let you know we are commencing work on our new trampoline and dodgeball activity next week. We are also in the process of finalising plans around our new fun climbing activity. All of which would not be possible without your investment! These new activities will not only increase our product offerings for our customers but also allow us to increase our Adventure Park capacity.
PledgeMe have been working through verifying all of your identities and processing your pledges for our campaign. Thanks to everyone who has paid already! If you haven't paid yet, please do. And, if you haven't heard anything yet, PledgeMe’s email may have hit your spam folder. Do a quick search of your inbox for "PledgeMe" or log into your PledgeMe profile and view the notifications tab for their messages. If you want to pledge via a trust or company, send them a note direct on [email protected] for more information.
After payment is received, PledgeMe will send you confirmation and hold your pledge in trust until we update our share register. Once we issue your shares in Urban Xtreme Adventures Pty Ltd and updates our share register with your name, address and shareholding, PledgeMe will transfer through your funds minus their success fee.
After that, we’ll communicate with you directly through email as Urban Xtreme. If you have general questions please give us a call on 1300 872 269 or email us at [email protected]
Urban Xtreme Adventures Pty Ltd
31/01/2019 at 8:57 PM
We couldn't have done it without you!
From all of us at Urban Xtreme we are so grateful for your support and believing in our vision. Welcome to the UX family! Here's the team, celebrating the fact we hit our goal:
If you could share our success with your crowd, as well as the link to our campaign, that would be amazing. If we hit $250,000 we will expand our activities further!
You will be contacted by PledgeMe in the next few days to confirm your investment choice, and once your investment is processed we will be in touch to organise your discount code and gift card (if you haven't already received your gift card in person).
Once all pledges have successfully been processed we will be able to commence work on our next activity, climbing!
If you have any questions in the meantime about processing your investment email the PledgeMe team on [email protected], or if you have general questions please give us a call on 1300 872 269 or email us at [email protected]urban-xtreme.com.au.
Urban Xtreme Adventures Pty Ltd
24 hours & 20% to go!
30/01/2019 at 7:10 PM
Thank you for pledging! We are delighted to have reached over 80% of our goal and with just over 24hrs left to pledge this is your opportunity to increase your pledge to help us get over the line!
Did you see the great write up in the Courier Mail today? Please share on your social pages and let people know you supported our campaign.
Our campaign will close at 10pm tomorrow, Thursday 31st January. We need to make our minimum goal by our deadline for your pledges to be processed.
Please share our campaign with your networks, and let them know that you’re helping our business grow.
Founder / CEO
64% funded & extension to 31st January
25/01/2019 at 9:53 AM
We are delighted to announce we have reached over 60% of our goal and we will be extending our campaign by 3 days until the 31st January. This will allow our supporters time to enjoy the long weekend and the Australia Day celebrations without any of us having to stress about the deadline!
We value your support and look forward to welcoming you to the Urban Xtreme family. Please spread the word to help us achieve our funding goal, so you can get your shares in Urban Xtreme and we can grow the company and add new activities.
Have a great long weekend!
Lindsay Davis Founder/CEO
Updates from Urban Xtreme & Supplementary Offer Document
19/01/2019 at 6:14 PM
Things have been busy here in the park over the last few months!
We’re almost 60% funded through this campaign, and we are delighted to have also secured a further $200,000 private loan to assist with our plans to add fun climbing and expansion of the trampoline area. $100,000 of the loan will convert to shares at $0.80 per share once the campaign has closed and the remaining $100k will be paid back over 2 years.
We have had a great school holiday period with revenues reaching over $200,000 in the first 18 days of January. With February fast approaching, birthday party and Ninja program revenues have begun to kick back in strong.
It is with regret that Operational Manager Matthew Ginn resigned from Urban Xtreme in early January to return back to his home city of Melbourne. We will not be replacing Matthew’s position in the immediate future, however we may look to do so in the coming months. Courtney Alder has been promoted to Centre Manager and has taken over the majority of the operational management responsibilities.
Because of the above changes, and the issue of a further 12,987 shares contracted prior to the Crowdfunding campaign, we’ve issued a Supplementary Offer Document to update our existing pledgers (and for the new pledgers we hope to get on board by 28th January).
Please read through the document, and let us know if you have any questions. We’d love if you could share this campaign with your crowd as well so we can hit our goal (and for you to get your shares).
Urban Xtreme Adventures Pty Ltd
Over 25% funded!
20/12/2018 at 4:24 PM
Thank you to everyone who has pledged so far. It's been another great week. We have now reached over 25% of our goal and it's all thanks to you!
If you haven't invested yet, now is the time do so. Remember the faster we reach our goal, the faster we can put in our next activity - the much-anticipated fun climb!
If you have invested, we'd love if you could share this campaign with your crowd. Maybe tell them your favourite Urban Xtreme story?
Don't forget to keep an eye on your email as we send out new updates each week. We're planning on inviting all our pledgers to a special day in the Park early in the new year.
Thanks from Lindsay & the team at Urban Xtreme
Thanks to you, we're over 20% funded!
13/12/2018 at 4:25 PM
We are very excited that we have reached 20% of our goal. A big thank you to you, our awesome Urban Xtreme community, who have invested and gotten us to this point. We believe we are on track to hitting our goal, but we need your help sharing this campaign further to get there. Can you do a social media post and tell your crowd why you've pledged to buy a piece of Urban Xtreme? Don't forget to include the link to our campaign.
If you're just watching, and haven't pledged yet, now is the time. If you pledge by December 17th, we will make sure your gift card is sent so it can be a holiday present. Those that have already pledged, we'll use the address you entered when you registered to invest. Let us know on [email protected] if that's not the best way to get ahold of you.
We've raised over 10% of our goal in just one day!
05/12/2018 at 4:19 PM
What an amazing 24 hours it's been launching our Crowdfunding for Equity campaign!
We are very excited that we have reached over 10% of our goal in just one day!
A big thank you to our awesome Urban Xtreme community who have invested so far, we are now on our way to achieving our financial goal so that we can continue building the Urban Xtreme vision.
Don't forget this can make the perfect gift for Christmas! Your loved one will not only receive shares in Urban Xtreme, they will also receive shareholder discounts and benefits - how good is that!
If you have any questions about our offer, please give our friendly team a call on 1300 872 269
|Maximum Shares Offered||1,000,000|
|Lindsay Davis||Co-founder, Director||https://www.linkedin.com/in/lindsay-davis-78288340/||✔|
|Ben Baker||Executive Director||https://www.linkedin.com/in/lasersport/?originalSubdomain=au||✔|
Ask a Question (You must login to ask a question)
Followers of Urban Xtreme Adventures Pty Ltd
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"So excited "
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"Thanks for the opportunity!"
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"Wish you the best you can be."
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"Lindsay and Darren - Good Luck with this campaign, I hope it goes really well. "
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"You guys are awesome - i love the ski "
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"What an amazing business, love the ski machines, great place for families - Good luck "
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"Good luck! "
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"Good luck with the expansion guys. Hope all goes to plan and the business continues to grow. Cheers from the Summervilles!!!"
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"Best of luck Lindsay. I really hope you reach the target goal!!!"
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"All the best"
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"Great concept, son has loved the Junior Ninja Warrior classes. Hope to be a part of the future "
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"I'm excited about the future of this business! Looking forward to seeing it grow and expand."
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This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in Urban Xtreme Adventures Pty Ltd, you can sign up to be notified when a new equity campaign from this company is published.
Shares In Urban Xtreme Adventures Limited | $200+
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 5% lifetime* discount and $30 gift card**.
Shares In Urban Xtreme Adventures Limited | $500+
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 10% lifetime* discount and $60 gift card**.
Shares In Urban Xtreme Adventures Limited | $1,000+
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 15% lifetime* discount, $120 gift card**, and invite to VIP events.
Shares In Urban Xtreme Adventures Limited | $2,000+
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 20% lifetime* discount, $180 gift card**, invite to VIP events, and opportunity to buy future shares.
Shares In Urban Xtreme Adventures Limited | $5,000+
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 25% lifetime* discount, $240 gift card**, invite to VIP events and opportunity to buy future shares.
Shares In Urban Xtreme Adventures Limited | $10,000
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 30% lifetime* discount, $300 gift card**, invite to VIP events, the opportunity to buy future shares, and a call from our Founder.
Shares In Urban Xtreme Adventures Limited | $20,000+ (Sophisticated Investors Only)
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 35% lifetime* discount, $360 gift card**, invite to VIP events, the opportunity to buy future shares, and a call from our Founder.
Shares In Urban Xtreme Adventures Limited | $30,000+ (Sophisticated Investors Only)
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 40% lifetime* discount, $420 gift card**, invite to VIP events, the opportunity to buy future shares, and a call from our Founder.
Shares In Urban Xtreme Adventures Limited | $50,000+ (Sophisticated Investors Only)
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 45% lifetime* discount, $1,000 gift card**, invite to VIP events, the opportunity to buy future shares, and a call from our Founder.
Shares In Urban Xtreme Adventures Limited | $100,000+ (Sophisticated Investors Only)
Part ownership in Urban Xtreme, personalised Share Certificate, Shareholder Newsletter, invite to Annual Party, 50% lifetime* discount, $2,000 gift card**, invite to VIP events, the opportunity to buy future shares, and a call from our Founder.