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Last Mile Delivery Startup Investment Opportunity in Split, Croatia

Delivery application with 1,000+ downloads, catering to customers on yachts is seeking an equity partner.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 32 thousand
Run Rate Sales USD 130 thousand
EBITDA Margin 20 %
Industries Mobile Apps + 1 more
Locations  Split
Local Time 6:13 AM Europe / Istanbul
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 260 thousand for 80.0% stake (Native Currency: EUR 250,000)
Reason: The promoter is unable to give time to this business, owning to another business. Hence wants to dil... View More
Includes physical assets worth USD 37 thousand
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Business Overview

- We are a delivery application providing services from land to sea.

- Founded in 2021 in Croatia, which is the biggest yacht rental market in Europe. The market cap is 4,000 yachts per week, with around 32,000 people on boarded.

- Our application has 1,000+ downloads and 300+ registered clients. We have our application on Play Store and App Store.

- Our application targets these customers who are on yachts and wish to order food or grocery from land and we deliver it to their location on the sea with our speed boats.

- We are equipped with 7-speed boats of our own and have tied up with sea captains for our delivery services.

- We have also tied up with 27 restaurants, 5 supermarkets, 1 clothing store, and 1 massage service center around Croatia.

- On average, we receive 6 to 7 bookings per day.

- We generate revenue by charging a 20% commission from each store for an order placed as well as a delivery fee which is around EUR 30.

- The application is developed and maintained by a third party.

- The owner is temporarily in Turkey due to some commitments but is based out of Croatia.

- This is a seasonal business which high demand from May to October.

- Our business does not have any loan and is run by 2 owners with equal ownership stake in the business.

Products & Services Overview

Delivery application catering to customers on yachts and delivering products from land to sea.

Assets Overview

7 speed boats, and 1 mini van. The business also owns the software, website and application.

Facilities Overview

Currently, we are operating remotely and do not have any office space.

Capitalization Overview
Not Disclosed
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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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