Our vision in MUNCHER is to become the largest last-mile hubs food-tech startup in Latin America with a network of dark kitchens, virtual food brands, and complimentary services. We build, operate, and rent dark kitchens in strategic locations. We are recognized for designing unique & efficient dark kitchens in containers.
We currently have an annual run-rate of 1.650.000 USD. We have operations in Mexico, Colombia & Peru. We are planning to open Brazil in the next six months. We have 23 last-mile hubs with 166 dark kitchens, two brands of our creation with 6 locations.
We have identified three different clients' profiles. 1. Well known restaurants that are looking for faster expansion/growth and make their delivery sales channel independent; 2. Restaurants that want to increase their brand exposure and increase their coverage & footprint and 3. Entrepreneurs who are looking into opening their first restaurant.
According to the Euromonitor Food Service report of April 2020, there are 5 million units of restaurants in Latin America in 2019. There were only 500 dark kitchens in 2019. Muncher had developed 70 to the same year with 14% of the market. This is a high demand business these days that need a solution of hundred of thousands of new dark kitchens in Latin America in the next 5 years.
Problem or Opportunity
The restaurant industry is changing, and delivery sales have grown at a breakneck pace. Restaurants didn't have adequate infrastructure for attending this demand. They had not been able to give costumers a good experience and to benefit from the potential of this opportunity.
Solution (product or service)
We built, operate, and rent dark kitchens in strategic locations for restaurants. We design unique & efficient dark kitchens in containers for the restaurants could set up fast and at a lower investment for there food delivery operations.
We have global competitors as Cloud Kitchens from Travis Kalanick and small local competitors. Cloudkitchens and Muncher are the only ones that have more than one country in Latin America.
No one else is doing it in container structures. The competitors build dark kitchens in houses and warehouses.
Advantages or differentiators
Please see page 13 of the investor deck.
Money will be spent on
The resources will be used and allocated in: Building the new 400 phase Dark Kitchens, opening of new brands and 28 new virtual restaurant locations., geographical expansion to other Latin America countries, working capital, tech tools development, and accelerate the business