Food Delivery Company Investment Opportunity in Toronto, Canada
Startup delivering food and groceries through a mobile application is seeking funds.
This transaction has concluded.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | C Corporation |
| Reported Sales | Nil |
| Run Rate Sales | USD 660 thousand |
| EBITDA Margin | 15 % |
| Industries | Mobile Apps + 1 more |
| Locations | Toronto |
| Local Time | 9:11 PM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
700 thousand
for
20.0%
stake
(Native Currency: CAD 1,000,000)
Reason: Funds will be used for expansion, operations, Salaries, and marketing purposes.
Includes physical assets worth
USD
18 thousand
Interested to connect with advisors
Documents
Registration Certificate
(476.3 KB)
Business Overview
- Food & grocery delivery platform connecting users to restaurants and vendors.- Started commercial operations in June 2020.
- The company has a food platform where the customers can buy food or groceries and get it delivered at the doorstep.
- Have a tie-up with 100 restaurants to deliver food through our platform. We have also partnered with 4 grocery stores.
- Our services are similar to that of Uber Eats.
- Successfully developed a customer base of 5,000 and are growing every day. Have delivered more than 5,000 orders in the past 3 months.
- Revenue model: Charge a commission of 15% on each order. Also, charge the vendors an onboarding fee of $200.
- Going forward, we intend to start a subscription model for marketing for all the vendors.
- Delivery services are carried out by drivers who have signed up with the company. Currently, have 150 active drivers and a total of 400 drivers who have signed up with us.
- Customers can place orders using the mobile application that is available on both Google Play Store and App Store.
- We are soon going to launch our website through which customers will be able to place orders.
- Online payments through debit card and credit card options are available on the application.
Products & Services Overview
Food and Grocery Delivery. Will be adding alcohol delivery very soon.
Assets Overview
Assets include 100 tablet devices, 1 Mac book, and 1 laptop.
Facilities Overview
Workspace at a co-working space. There are no charges for this place as of now as it is owned by one of the promoters.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysCEO, IT Services, Toronto, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Toronto, Business Broker connected with the Business
-
Earlier than 15 daysMD, Real Estate Company, Dubai, Individual Investor / Buyer connected with the Business
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