Selling business/investment - Catering food service

Nationality

Vietnam

Number of business locations

31

Main industry

Catering food service

Other industries

When was the company established?

N/A

Number of staff members

680

Describe the service or product the company is doing business

➢ Established in 2016 and operated with total of 31 teokbokki buffet franchises in Vietnam since its establishment until July 2023. Is the second largest teokbokki bufet after Company D by number of stores. Achieved stable growth and a strong market position through the effective application of localization strategies by a professional management team with deep F&B sector expertise.
➢ In 2023, the sales have achieving of 1.5 mil USD for each store.
➢ The target company operates from Danang to South Vietnam, but in the future
• The exsiting store plans to expand in the area north of Hanoi Center
• Planning to expand the 2nd brand store
Investment highlights
➢ High-growth K-food pioneer in Vietnam
• Has expanded to 36 restaurants by the end of 2023, exhibiting remarrkable revenue growth and profit stability
• 2023 forecast: anticipated revenue of 7 mil USD with a robust profit margin of 16%
➢ Attractive valuation and exit potential
• Currently an appealing investment propotion, considering histrorical F&A M&A transactions
• Project an Exit IRR of 80% and a 17x Cash-on-Cash return, contigent on achieving planned targets within 5 years
➢ Proven stability and customer loyalty
• Has secured a strong local brand presence and customer loyalty, ranking second in its sector
• Over 100,000 followers on TikTok
➢ Expansion and synergy opportunities

➢ Capital raise objective: seeking to raise ~ 0.5 mil USD at a valuation of 1x Enterprise value to price/sales ratio
• Expansion: accelerating the opening of new stores across various regions
• Marketing: implementing robust content marketing strategies to strengthen brand
• Infrastructure: enhancing company infrastructure to improve management efficiency and operational workflows
➢ Investor Profile: seek to partner with investors who can add value beyond capital:
• Strategic Investors: entities that can offer synergistic benefits to our operations, particularly within our value chain and marketing endeavors
• Financial Investors: investors with a keen insight into Vietnam’s F&B sector and the capacity to bolster our growth strategies with their expertise and networks.

Area of operation of the company (Province / City)

Ho Chi Minh, Vietnam

Total value of assets that the company owns

0 USD

EBITDA

Available after connect

How many percentages of shares does your company want to sell?

Negotiate

Expected price

500000 USD

Shareholder structure

N/A

Charter capital

0 USD

Average growth rate of annual revenue

0 %

Total equity

0 USD

The company’s average turnover in last 3 years

4.31M USD

Do you want to sell existing share or issue new shares?

N/A

Reason for selling shares

N/A

Desired deal schedule?

N/A

Photo of the office, team members, products

Available after connect