M&A Partners Appointed to Advise the Sale of Gourmet Dinner Service

Wednesday, 30th March 2022

M&A Partners appointed to advise on the sale of one of Australia’s most successful D2C meals businesses.

Overview
There is a unique opportunity for investors to acquire up to 100% of Gourmet Dinner Service, one of Australia’s largest and longest standing ready-made meals companies.
Gourmet Dinner Service is a leading Australian provider of premium prepared meals, offering frozen and fresh meal options made with natural ingredients with no added preservatives or additives. The business has a reputable and proven product line, with excellent customer satisfaction levels.
Having built a solid foundation as a niche player in the fast growing prepared meals market, Gourmet Dinner Service represents a strong buy-and-build platform business or bolt-on acquisition for both strategic and financial investors.

Financial Overview
Gourmet Dinner Service has a solid history of profitability and is forecast to generate revenue of c.$9.6m, with an EBITDA of c.$2.6m for FY22.
The company has a strong cash profile due to efficient trading terms, and has achieved FY21 revenue growth of 32% YoY, with an average gross profit margin of 36% over the last 4 years of trading.

Industry Overview
Gourmet Dinner Service operates in the rapidly consolidating ‘Ready Made Meals’ segment, which has enjoyed rapid growth, driven by busier consumer lifestyles and greater demand for convenience and variety.

Transaction Overview
Gourmet Dinner Service is 100% owned by a sole Director and Founder, who is seeking to retire after 25 years of successful operations. The vendor is seeking Non-Binding Indicative Offers (NBIOs). An IM is available upon execution of an NDA upon request.
All enquiries with respect to the opportunity are to be directed to:
Please reach out to Antony Lynch (0419 919 722) or Hunter Santamaria (0401 766 958)