Hungry Head
Initial Ask – Rs.50lakhs for 5% equity at a valuation of Rs.10Cr.
About the Company
The company has prepared more than 80 varieties of food using only Maggi. They have tried to create a concept restaurant for Maggi.
Currently the company is operating with 1 Quick Service Restaurant, which has not Standardization of procedure and is not working out with delivery, due to the stiffness of packed Maggi dishes.
Past performance of the Company
The company has earned around Rs.20lakhs in the past 6 months, with a revenue of Rs.5lakhs in the previous month.
Moreover, the profitability in the industry is very low.
Industry Overview
Any concept based restaurant can not very easily make space in this overcrowded industry. Moreover, standarization of procedures is a must in this industry.
However, since this company cannot excel in the delivery portion of the business, this business in no way can gain a huge chunk of market share.
Offers made, and the one accepted:
No Offers made