Photo - Newarc
59313

Newarc

Italy
Market: Real estate
Stage of the project: Operating business

Date of last change: 07.01.2023
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Idea

We buy properties within 30 days. No more visits for the seller and maximum sales speed. Then we renovate and resell the houses offering the possibility to customize them.

Current Status

We have currently validated the main source of revenue which is the sale of our renovated houses. To date, we have bought, renovated and sold 4 properties with an average R.O.I. of about 20% and an average profit of 30k €.We are currently completing the acquisition of a new property and on average we buy a property about every 3 months

Problem or Opportunity

The problem we faced is both on the house selling side and on the buying side. People who want to sell their house often have to wait several months before being able to sell it and also have to welcome numerous foreign visitors into their home. On the other hand, people who want to buy a house dont have the possibility to have it customized unless they renovate it with high costs and long times after the purchase.

Solution (product or service)

We buy properties within 30 days. No more visits for the seller and maximum sales speed. Then we renovate and resell the houses offering the possibility to customize them in terms of materials and decorations like no other on the market. We also offer a dedicated furniture project and a mortgage consultancy. The business is supported by our website and our platform which work in synergy together with our sophisticated house evaluation algorithm.

Business model

Our main validated source of income is the B2C property selling. We also have other revenue important sources such as:

- Leads acquired on our website interested in selling their home with partner real estate agencies. (B2B)
- Dedicated home furnitures. (B2C)
- Mortgage commissions. (B2C)
- Home insurance policies commissions. (B2C)

Incubation/Acceleration programs accomplishment

Habismart promoted by Digital Magics, Mass Challenge and CDP Venture Capital
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Finance
Invested in previous rounds, $
Business model
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Incubation/Acceleration programs accomplishment
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