We sell 50% of the company for 350.000 Euro.
All cash in to support the operating cash flow and to settle the debt with the landlord (expected settlement 50.000 Euro). Original CAPEX 1.5M Euro
As we witness in Russia, at the end of the restrictions, when the situation progressively normalises, there is a strong market rebound due to delayed demand, making an attractive market even more attracitve
Since it's opening we have created a strong brand reputation and spontaneous demand.
Committed leaders with skin in the game
Alessio and Alexandra Lewithin are experienced managers in the company and have invested all the life saving in this business, being 100% committed to success
The business in Romania did not launch yet EventyOn brand and multi-experience business model operating so far only under CulinaryOn brand.
EventyOn allows for higher conversion, client retention and higher frequency of purchase
From CulinaryOn to EventyOn
Possibility of future expansion inside current premises
Inside the current premises we can add one or two more rooms to eventually increase the capacity and company turnover