“There’s money in food” 💰
Rolf Weber’s ready-to-heat meal company, Chefgood has been sold to a Marley Spoon for $21 million.
Chefgood turnover was $26 million of revenue this financial year which should generate positive earnings and cashflow of $2m plus per annum.
The acquisition has been funded by an $8m investment into Markey Spoon at $1 per share an $11m debt facility with Runway Growth Capital, with the final $2m payment to be made in May 2023.
Thanks Lucas Baird and The Australian Financial Review for the heads up
No comments:
Post a Comment