Over $700B U.S Restaurant business market size $200B from it spend over products (*food cost) $10B We Can save to restaurants !!!
Entrepreneur • Omri benavi • 16 years Restaurants and Bars owner. • Food chain establishing experience. • Long business experience and knowledge in Israel and u.s. • Active in the Restaurants & Bars community , one click away from hundreds of business owners in israel. • LIVING THE PAINS OF THE MARKET
the problem Food cost is the largest expenses for restaurants, 28-35% of gross sales reducing it is manually time- consuming and error-prone Most Owners do not use Procurement technology ,suffer lack of pricing transparency and have no time or skills for quality pricing negotiation
Our solution We go Right where the money is. breaking the negotiation dependency with A Reverse Auction marketplace app that save money on food cost by reducing the invoice ITSELF while placing the order ! and By letting multiple suppliers compete over every order. It ’ s Easy, fast & POINT TARGETED!
Market Over 700K Restaurants Over $700B revenue 70% single restaurant Over 20,000 Restaurants shutdown annually COVID 19 is a major crisis- requires immediate action & adjustments
The Product take things in to your own Hands. push the OfferToo button !!! now Things are changing: ) sending the weekly order to get competitive bids, in moments, from multiple casual suppliers and save money on the spot . Or let ReverToo automatically inform you for attractive offers for you
and also … + price list/supplier managing + indication for pricing in your industry “ Benchmarking ” + direct orders to your supplier + pricing history & reminder + A.I Automatics functions
competition & MORE... All are good and growing company's that do : Inventory ,pos , shift prep ,menu and pricing managing … its all fine But …
competition Its not enough !!! No one break the negotiation dependency ! If your business is too small Or If you ’ re not good at it Or if you just don ’ t have the time for it You don ’ t have a chance ! That ’ s why is here for we are doing it for you
Business model : Reverse auction fee 4%-2% Restaurant : FREEMIUM Suppliers : free - basic biding plan subscription - DATA plan Customer acquisition cost $200-$400 u.s Bas ase on on a a very ery con onserva rvativ ive expe pectation Customer acquisition ROI -6 months every ry us user r will ill use use “ on only ” on once a a wee eek (4 4 mon onthly) in in a a $1, 1,000 av avera erage ($80-$160 minimum user revenue). in invoic ice.
Opportunity : COVID 19 is an opportunity for . Restaurants are in survival mode and can help businesses taking matters into their own hand . raising $200K For developing and lunching the app that going to disrupts accepted methods and Procurement today .
milestones
Thank you . Omri benavi obenavi@gmail.com +972-52-2899-454
Recommend
More recommend
