Advertisement Platform for Restaurants to publish food discounts in form of ads with donation feature to boost social reputation.
Current Status
Product development and business validation stage has been finished, currently started sales and business development stage. Already gathered more than 20 partnership letter of intents.
Market
Over 651,000 Restaurants and cafes in South Korea
Over $5 billion Spent on marketing activities yearly in South Korea
Over 10 million People using food apps in South Korea
Problem or Opportunity
Restaurants aren’t taking the most out of their open hours while following lunch & dinner trends and missing out on niche customers.
Internal discount offerings haven’t been working well due to a negative customer perception.
Solution (product or service)
Advertisement Platform for Restaurants to publish food discounts in form of ads with donation features to boost social reputation.
Competitors
No direct competition.
Advantages or differentiators
1. Efficient targeted ads for niche food-lover user base
2. Cost-effective instantaneous hourly activation/deactivation of deals
3. No-commissions on transaction
4. Predictive forecasting analytics
5. Social image booster with no extra effort
6. Intermediary-less customer interaction channel
Finance
$54 - Average Monthly Subscription Fee,
3,255 - Campeat Restaurants as an Initial Share of Market (5%)
Expected $2,109,240 Revenue within 2018-2020
Business model
Freemium subscription model with 3 packages: Basic, Premium, Pro
We also charge donation fee of $0.10 to Restaurants for every transaction.
Money will be spent on
Establishment of Legal Entity in Republic of South Korea, (proof of $100,000 is required for foreigners to set up an entity)
All that amount $150,000 will be used for business development, product enhancement and employment costs.
