Food Tech App for Sale - iOS and Android Listed for Sale on CrowdMnA

PIC A DISH is a app for foodies and restaurants available in both Android and iOS<br /> <br /> PIC A DISH aspires to bring the best food any restaurant has to offer to the table of every customer who visits them. It allows hungry diners to search by dish and s...

Venture Age 2/2020

London, City of, United Kingdom App Food and Drink

Food Tech App for Sale - iOS and Android

Pic A Dish Ltd

http://pic-a-dish.com/

Stage of development

Coding

Cash Invested

Employees

Beta

1 - 2 years

£30,001 - £40,000

0

PIC A DISH is a app for foodies and restaurants available in both Android and iOS

PIC A DISH aspires to bring the best food any restaurant has to offer to the table of every customer who visits them. It allows hungry diners to search by dish and see the best offerings around. A picture menu lets them see what to expect and completely eliminate disappointment. More importantly it allows customers to feedback specifically on the food which helps restaurants continuously update and improve their menus.

PIC A DISH aims to revolutionise and improve the dining experience for all customers who eats at restaurants. Our vision is to ensure that everybody eats well. Restaurants grow their business and retain customers by refining their menus and continuously delivering the best.

Can be downloaded on Appstore: https://apps.apple.com/gb/app/pic-a-dish/id1439303228
Playstore: https://play.google.com/store/apps/details?id=agency.borne.picadish

Claimed revenue, costs and profit/(loss) for the last three years (verified with filed financial statements):

Year End	Revenue	Costs	Profit/Loss
2019	£0	£33450	£-33450
2020	£0	£8958	£-8958

Seller’s Q&A

General

What is included in the sale?

All UX designs, Source codes and database for both Android and iOS Website and domain Logo Database of over 4000 restaurant data including menus

Reason for selling?

I've been working as a solo founder and cannot invest any more financially and time wise.

Describe your business model in no more than 3 sentences.

Subscription fee chargeable to restaurants to have their picture menus displayed. Transaction fees chargeable to restaurant once ordering feature is developed

How do you generate revenue or if pre-revenue, how do you intend to monetise the venture?

Subscription fee chargeable to restaurants. Transaction fees chargeable to restaurant once ordering feature is developed

How can you demonstrate your product or service to a buyer? (if not available at a website)

Available for download on Appstore and Playstore

What would improve the product or service?

Marketing plan, user acquisition plan. The app is fully BETA ready.

What are the primary growth opportunities and potential to expand?

As restaurants are coming back from COVID-19 it will be a useful tool for users to rate dishes, only spend money on the top rate dishes. And it will be a good tool for restaurants to advertise their promotions and offerings.

Are you the original owner of the venture?

yes- 100% owner

Are you selling the assets of the business (asset sale) or the company (share sale)?

All business assets

If a company sale, detail any significant contracts or liabilities of the venture?

No Liabilities

Technology

Describe the technology or platform that the venture uses?

Android and iOS

Do you own 100% of the source code and confirm it will all be transferred to the buyer?

yes

Who developed the technology? Is this person(s) or entity available to the seller post sale to assist with the continued development of the technology?

Developed by a UK based development firm- Bourne Agency and is available if the seller wishes to sign a retainer contract with the Agency. Current hosting is on AWS owned by Seller

Are there any licenses needed for any of the venture’s technology?

no

Describe any intellectual property included in the sale i.e. patents, trademarks, domain names etc.?

pic-a-dish.com domain

What is required to keep the business operational?

Only hosting at the moment

Where is the venture hosted (if applicable) and will this need to change after purchase?

AWS - no unless the buyer want to move it. The account can be transferred over

Are you including any social media accounts in the sale?

Yes Facebook and Instagram can all be transferred to the buyer

Are you including other assets in the sale that you think a buyer should know about?

Happy to help with the transition however I can. So my time is included.

Financials

Do you have filed financial statements or tax returns available to support your revenue claims, if necessary?

All statements are filed with the HMRC. There is not income at the moment. Only development costs, hosting and research and content costs

What are the main expenses of the venture?

Hosting and development costs

Customers and traffic

Describe the type of primary customers of the venture (don’t state their names)?

Restaurant owners Diners

Other

Are any key staff required?

Would recommend coding resources

Do you have employees or contracts with freelancers?

Can recommend current Warsaw based coders who has help moved the hosting recently

Are you willing to sign a 12 months non-compete contract in the industry that the venture operates in?

Yes

State any period of post sale support that you will give to the buyer, normally 1 to 3 months.

Happy to help if needed for the first 6 months- I really want to see this project succeed!

Are there any geographical limitations to the potential buyer of the venture?

Currently the restaurant searchable is limited to London as over 4000 restaurants and their menus have been loaded into the app. But further development can localise the app for different locations. The app is available for use download globally

Auction

Current price

£10,000

Reserve

£30,000

Bids

0

56 days left

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