This site uses cookies. By using this site you agree to receiving cookies. View Policy.

232%
Raised
£1,163,950
Investors
954
Target
£500,000
Equity
16.58%
Pre-money valuation
£5,854,324

Having grown from 2 sites to 4 since their last round on Crowdcube, Zing Zing is revolutionising the Chinese takeout industry through its takeaway only locations with rapid delivery and custom technology. Now raising funds for further expansion.

  • Founder has previously sold a business to Just-Eat.co.uk
  • Backed by hospitality veterans and Chef Jeremy Pang
  • Average delivery time from order to customer in 2016 was 31 minutes
  • Grown sales by 75% in the 12 months to October 2017

Idea

Zing Zing is revolutionising the £1.4bn Chinese takeout industry by offering Chinese cuisine with a modern and healthy twist, cooked fresh to order and delivered fast.

We have 4 units in London.Our revenue in 2016 was £1.23m with EBITDA of -£300k (including a £93k spend from our last Crowdcube raise). We have seen sales grow by 75% to October & and are profitable at a store level since October. There are shareholders loans in the business.

The Market Today:

The UK home delivery market is worth an estimated £6.1bn and grew by 11% last year, yet we estimate that no one brand accounts for more than 1% of it - it is exceptionally fragmented.

Chinese takeout is one of the nation’s favourite categories, making up around 25% of the market and generating c.£1.4bn in sales.

Why we are different:

1. Wok fresh flavours: We offer traditional Chinese takeout dishes, wok cooked to order with a modern and healthy twist.

2. Superfast: In 2016 we averaged 31 minutes betweenthe order being placed and delivery.

3. Designed for Delivery: Our custom made packaging is designed to keep the food in perfect condition from wok to door.

4. Great value: We offer high-quality food at an attractive price point. Our flagship Zing Box meal is hugely popular. (38,000 Zing Boxes sold in 2016).

5. Our technology: We see 70% of delivery orders come through our online platform. We now have a database of 55,000 customers.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Zing Zing pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Zing Zing has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.