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Food Delivery Startup Investment Opportunity in Tbilisi, Georgia

Yummy food delivery service provider that has tied-up with 40+ famous restaurants in Georgia seeks investment for expansion.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 90 thousand
EBITDA Margin 20 %
Industries Mobile Apps + 1 more
Locations  Tbilisi
Local Time 2:30 AM Asia / Tbilisi
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 37 thousand for 30.0% stake (Native Currency: GEL 100,000)
Reason: Seeking funds to expand to other Georgian cities and for marketing.
Includes physical assets worth USD 37 thousand
Documents
Logo
Business Overview

- Food delivery business based in Georgia.

- We have a fully functional food delivery platform and mobile applications with over 10,000 users.

- Have partnered with over 40 well-known restaurants in Tbilisi.

- Have well-developed applications for Android and iOS with integrated local payment processors.

- Receive over 100 orders on a daily basis and the average order value is GEL 37.

- Have 12 delivery staff and rented vehicles to cover the city of Tbilisi.

- Revenue model: We charge a delivery fee based on the distance and a commission on order value ranging from 15%-30%.

- Have plans to add more restaurants and cafes in the upcoming months, and expand to other cities of Georgia through franchising.

- Fast-growing business with a good customer base.

Products & Services Overview

Food delivery platform.

Assets Overview

10+ computers, application, and customer base.

Facilities Overview

Rented office of 100 sq mt.

Capitalization Overview
Not Disclosed
Recent Activity
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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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