High-Revenue Food Hall Group In Dubai For Sale

Description

Restaurant group operating in Dubai since May 2022.

Portfolio

5 branches were opened during the first three years.

1 branch has already been sold.

Branches currently offered: 4

Concepts

• Peruvian cuisine
• Nikkei
• Fusion concepts

The restaurants trade from food hall locations in Dubai.

Kitchen Setup

• Palm Jumeirah Mall — hot and cold kitchen
• Market Island — hot and cold kitchen

Crudo uses equipment supplied by the food hall operator.

Crudo

Annual revenue: approximately AED 1.5 million

Margin position: highest in the group

Licences

Trade licences: 3

• 2 Market Island concepts — shared licence and kitchen
• Crudo — branch under the main trade licence

Team

Reported headcount: approximately 20

Roles provided by the seller:

• 18 restaurant staff
• 2 administrative or executive staff
• 1 driver

Monthly payroll: approximately AED 65,000

Typical salaries range from AED 3,000 to AED 6,000.

Accommodation and transport allowances are included in those figures.

Financials

• Combined annual revenue: more than AED 5 million
• Estimated net margin: around 14–15%
• Food cost: around 14–15%
• Monthly miscellaneous costs: around AED 10,000–15,000

Rent Structure

• Nakheel Mall: 22% of sales
• Festival City: 14% of sales, minimum AED 8,000
• Crudo: 25% of sales

Delivery

Deliveroo is the current delivery platform.

Talabat and Careem are no longer used.

A platform specialist handles delivery campaigns and promotions.

Reason for Sale

Reason: permanent relocation to Peru.

Valuation

• Previous valuation: around AED 4 million
• Earlier asking price: AED 5 million
• Current asking price: AED 3.5 million
• Offers considered: around AED 2.5 million

Further Information

Remaining details after NDA.