Feeling peckish: Just Eat buys Hungry House for £200m

Thu, 15 Dec 2016 | BUSINESS SALE

Online takeaway service Just Eat has acquired its rival Hungry House for £200 million.

Alongside Uber Eats and Deliveroo, the firm is one of a growing number of ‘on-demand’ services that deliver restaurant food direct to customers’ homes.

Hungry House delivers meals from more than 10,000 restaurants and operates across much of the UK, including in London, Birmingham, Glasgow and Leeds.

Just Eat’s acquisition of Hungry House from its parent company, the Berlin-headquartered Delivery Hero, includes a potential further £40 million subject to how well Hungry House performs between now and when the transaction completes.

The company said its purchase, which will need to be approved by the Competition and Markets Authority, was consistent with its “strategic ambition” to “accelerate its growth and increase its market presence in every geography in which it operates”.

Hungry House is forecast to generate EBITDA of between £12 million and £15 million in 2017.

David Buttress, Just Eat’s chief executive officer, said: "The UK has long been an engine of growth for Just Eat.

“While we have significantly expanded internationally in recent years, we have remained focused on building a high growth, sustainably profitable business domestically.

“Through this transaction, we would extend our market presence in the UK and sustain high levels of growth given the considerable opportunity in this market."

Just Eat has also bought Skip The Dishes, a Canadian online delivery service, for CAD$110 million (£66 million).

Find food businesses for sale.


Share this article



Latest Businesses for Sale

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources