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Mobile App Investment Opportunity in Toronto, Canada

Mobile app that will serve as an online marketplace for homemade food requires funding.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Mobile Apps
Locations  Toronto
Local Time 12:10 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 100 thousand for 20.0% stake (Native Currency: CAD 140,000)
Reason: Require funds to make the app operational, enhance the features as well as set up a dedicated team o... View More
Includes physical assets worth USD 1.44 thousand
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Business Overview
Business with iOS and Android prototype of a mobile app for ordering food from home chefs. The app is yet to get operational. The target audience will basically be any user who uses mobile apps for food delivery. The app will be a platform for individuals to sell their home-cooked food as well. The app will charge a small 5-10% percentage fee from the individuals selling food on the app. (The fee structure is not yet finalized and is subject to change)
The prototype development was outsourced and the third party did a good job. We now want funds to set up a dedicated team of developers. After this, we will be able to make the app fully operational and launch it on the respective app marketplaces.
Products & Services Overview
The app will help users to search for nearby homemade unique food as well as purchase it and get it delivered. This app is also for individuals to sell their own homemade food.
The app will be available on both iOS and Android devices.
Assets Overview
Tangible assets - Laptops, Apple iPad, a few Android phones, and an iPhone.
Facilities Overview
Everything works remotely as of now. Looking forward to setting up a dedicated team who can work remotely as well.
Capitalization Overview
Solo ownership with a working prototype. Seeking funds to enhance the app. To make the app operational need to set up a dedicated team as well.
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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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