Niche: Culinary

Listing Details

This listing is for an Application business established in June 2021, operating in the Culinary niche. The business operates a two-sided mobile marketplace serving a local Australian market, connecting food retailers with consumers and enabling merchants to monetize surplus perishable inventory that might otherwise go unsold. Customers purchase discounted assortments from participating food businesses through the platform and collect their orders directly from the retailer, while merchants manage availability, pricing, and pickup times through a dedicated business interface. The platform works with more than 250 partner stores, with approximately 100 or more generating revenue in any given month. The partner network includes both independent retailers and multiple locations belonging to national franchise chains, with one franchise growing its participation from approximately 12 to 32 stores over the past 18 months, demonstrating the potential to further expand the platform's merchant network. Customers primarily interact with the platform through dedicated iOS and Android applications, alongside a separate merchant-facing application. The business benefits from strong ratings and reviews across both the Apple App Store and Google Play Store, which represent important sources of organic customer acquisition. Both customer-facing applications maintain average ratings well above 4.5 stars, with each having accumulated multiple hundreds of reviews. The business has also experienced strong revenue growth over the past year.

The business is highly passive, with the Seller dedicating approximately 5-10 hours per week to its operation. The applications were originally developed by the Seller's software agency but have required minimal recent maintenance or development, with ongoing technical expenses consisting primarily of hosting costs. The customer-facing applications are built using Flutter, with a Node.js and MongoDB backend hosted on AWS. Based on the current functionality, the platform can continue operating without ongoing development work provided no significant new features are introduced. This represents an attractive opportunity for Buyers seeking an established food technology platform in the Australian market, supported by a strong merchant network and organically acquired customer base, with meaningful potential for further geographic expansion both within Australia and internationally.

Disclaimers:

The business's core domain currently uses the .au domain extension. A Buyer will need an appropriate legal presence in Australia, such as an Australian Business Number (ABN), to acquire the domain and operate the business.

Please note that the Seller intends to continue developing applications and software following the sale of the business. This may include providing software development services to independent third-party clients whose businesses overlap or compete with the business being sold, provided the Seller holds no ownership stake or beneficial interest in those third-party businesses. By submitting an offer, the Buyer acknowledges and agrees to this exception to our standard non-compete terms.

Please note: Partner store payouts are processed on Mondays, meaning the number of payouts recorded in any given month can vary depending on the number of Mondays in that month. As a result, monthly net profit may show some timing-related fluctuations that are not reflective of changes in the underlying performance of the business.