Rapidly growing business serving healthy meals on a subscription basis. In business for over 5 years, the company prepares, cooks and delivers over 20,000 pre-ordered meals each month at an average price just under $10.
Advanced customer meal selection and payment enable an efficient supply system that minimizes cost and maximizes cash flow. One of the features of this offering is the attention to detail in all aspects of the business, supported by written systems and processes that guide marketing, operations, kitchen and distribution functions.
If you’re looking for a business with recurring revenue, controlled costs and a growing customer base, we think you’ll like this one.
Pre-covid, weekly revenues were growing 13% year over year. Since the beginning of July, revenues have grown 18% vs last year, and in the past 4 weeks they’re up 25% vs prior. Growth is attributed to a finely tuned customer acquisition strategy, supported by a strong operations team.
This is a business built to scale, with more than one option to consider for long term, accelerated growth. The meal prep category is a $150B industry and growing faster than any other segment of the food business. Ideal acquisition for an individual investor seeking a business to purchase and grow, or a company already invested in the food business seeking to mitigate the risk of traditional dine-in and build a revenue stream and presence on the platform a growing number of consumers are choosing with their meal budget.
Revenue and Cash Flow projections are for 2020, prior year information and detailed marketing package is available for qualified, prospective buyers with a signed NDA.
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