Photo - Remote Kitchen
60274

Remote Kitchen

Canada, Toronto
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 05.07.2023
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Idea

Remote Kitchen: Simplifying restaurant operations with innovative software, streamlining orders, optimizing menus, and boosting online presence.

Current Status

Remote Kitchen has made significant traction in the market. We have secured 84 contracts for our virtual restaurant service, with 15 operational stores already achieving an impressive $80k in incremental sales. Our Customer Acquisition Cost (CAC) is only 95 Canadian dollars, and our average monthly merchant MRR (Monthly Recurring Revenue) ranges from 300-400 Canadian dollars. We are in the early revenue stage, with a proven track record of success and a growing customer base. Our focus is on continuous growth and providing exceptional value to our clients in the restaurant industry.

Problem or Opportunity

Remote Kitchen is solving the problem of inefficient and complex restaurant operations for restaurant owners and operators. Our platform streamlines various aspects of restaurant management, including menu optimization, order integration, complaint handling, and financial management. By providing a user-friendly and comprehensive solution, we help restaurant owners save time, reduce costs, and enhance customer satisfaction.

Solution (product or service)

Remote Kitchen offers a comprehensive software platform that simplifies restaurant operations in the digital age. Our CAAS platform enables easy access to operational knowledge, while our Chatchef software revolutionizes menus and streamlines processes. We integrate orders, handle complaints, predict performance, and even help create virtual brands. Our solution simplifies operations and improves profitability for restaurants.

Business model

Our business model revolves around a combination of subscription and commission-based revenue streams. For our flagship product, Chatchef, we offer a subscription model where restaurants pay a monthly fee of $94 CAD to access our comprehensive restaurant management platform. Additionally, for our virtual brand service, Virtual Brands, we charge a 10% commission on the gross sales generated by the virtual brand. This allows us to align our revenue with the success and growth of our restaurant partners.
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