Angel Bank

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Niche food on-line venture

Seeking: £75,000 – mainly for premises and equipment.

Exciting range of cooked and uncooked foods for the Nigerian and African community. This business will have two strategic bases for food preparation, etc, in London and in Essex. Most of the sales will be driven by a dedicated website, which will attract targeted traffic and buyers.

Price range of products: £5 to £30

Estimated revenues:
Year 1: £100,000-plus
Year 2: £200,000

Gross profit margin: 60%

The founder has substantial experience in catering and arranging parties within this community.

The ideal investor will have experience in dealing with supermarkets, along with good contacts and connections within the food industry.

Business Profile: P1023

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