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Frozen Food Company Investment Opportunity in Mumbai, India

15-year old gourmet Italian ice cream delivered to house as an economical luxury seeks investment.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 158 thousand
Run Rate Sales USD 950 thousand
EBITDA Margin 5 %
Industries Frozen Food + 1 more
Locations  Mumbai
Local Time 7:33 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 590 thousand for 13.0% stake (Native Currency: INR 50,000,000)
Reason: For further expansion and growth. We are acting as advisors for the business and we will not charge... View More
Includes physical assets worth USD 102 thousand
Documents
Business Overview
- Rs 8 Cr ARR (as of last month) against 4 Cr ARR as of last year ie. 100% growth YoY.
- Digital pre-packed sales have grown 18 x in last 12 months.
- Dark store metrics: 5 Cities, 59 dark stores doing 10,000+ orders per month with an AOV of Rs. 300 on two platforms (Swiggy/ Zomato).
- Quick commerce metrics: 3 Cities, 124 points of sale through 2 platforms (Zepto/ Instamart).
- Offer 2 product lines (dairy & vegan) with low calorie/ no added sugar launching in this month.
- Seven additional product lines can be added to the portfolio.
- Have won 3 International prizes in Rimini, Italy competing against 320 other ice cream makers, at the World Gelato Competition (Sigep) for the quality and innovation of our product.
- R&D is underway for 4 additional categories (high protein, keto, probiotic & IF), which can be launched in the next 12 months.
- All semi-finished goods and finished goods manufactured in-house, under stringent QA/ QC protocols.
- Primary cold chain in place to deliver frozen products (-18ºC) across 5 Metro’s (Delhi/ NCR, Mumbai, Bangalore, Hyderabad & Pune).
- Have formally signed Master Franchise licenses for Andhra Pradesh, Telangana, Goa, and Madhya Pradesh in the last 2 months with a potential store footprint of 50 outlets.
- Discussion for additional territory licenses underway for Maharashtra, Delhi/ NCR, Karnataka & Chhattisgarh.
- Unique, scalable production system (Maestro) that has been proven internationally and allows for national expansion of live scooping counters without compromising on the quality of the product.
- Supply products to quality-oriented brands such as Rebel Foods, Soho House, Pizza Express, and Keventers.
Products & Services Overview
Owned Product Range:
Fresh - scooped at counter gelato range.
Pre-packed gelato range - including normal and vegan options.
Maestro system for reproducing Amore quality well beyond Indian borders.
Leonardo’s range of 100% locally produced premixes, pastes, toppings and sauces.
Contract manufacturing of vanilla to third parties such as Keventers & SLAY Coffee.
Owned Service:
Consulting service offering frozen dessert solutions pan India.
Assets Overview
Fixed Assets.
2022-23.
Plant & Machinery.
42,67,853.
Office & Kitchen Equipment.
2,32,337.
Furniture.
3,05,689.
Vehicles.
34,569.
Computers.
64,448.
Intangible Assets.
38,87,317.
Total Assets (net value after depreciation)
87,92,215.
Facilities Overview
It will be answered after the introduction.
Capitalization Overview
Currently they are funded via the VA mixture of co-founder, friends/ family equity and loans, as well as, external debt.
Recent Activity
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8 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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