Eats began trading in 2017 when founders Sam Cunningham and Scott Beckman launched their food-ordering platform in their hometown of Barrow in Furness. The business specialises in the provision of a food delivery network for local takeaways and restaurants, disrupting a market traditionally dominated by multinational players such as Just Eat, Uber Eats, and Deliveroo.
In the last few years, the business has expanded rapidly under a geographically based franchise model, with 96 active franchises partnering with over 7,700 food establishments across the UK with an impressive subscriber network of more than 580k.
The Pierce Corporate Finance team led by Kevin Steven, provided information for distribution to funders, preparation of an integrated forecast model, and transaction advice throughout, alongside legal support from Debbie King at Farleys Solicitors and Financial Due Diligence carried out by BHP Corporate Finance.
Kevin Steven: Corporate Finance Director, Pierce CF: “Sam and Scott have developed a first-rate business that realises the importance of local relationships to underpin any technology platform. The Group has strong geographical and service offering ambitions and the future appears very exciting for them.“
