GourmAI's solution covers 95-100% of your daily operational needs and is fully mobile optimized. It consists of GourmAI Cloud, GourmAI Local and GourmAI Mobile, all managed from the cloud and fully synchronized.
Our solution is powered by AWS and uses AI, machine learning, and predictive modeling to help you make the most of your finances.
The GourmAI Solution includes 3 cohesive parts: GourmAI Cloud, GourmAI- Local and GourmAI Mobile. All three follow the following principles:
- Distributed via cloud+local server+mobile
- All features include permission access on a need to know basis
- Fully mobile optimized not only for tablets but for smartphones as well
- Entire solution managed from the cloud and synchronized locally
- Covers 95%-100% of restaurants’ daily operational needs
- A global online ordering and table reservation system
- Unified ordering process for online and offline ordering.
GourmAI Cloud
- Restaurant Management
- Guest Services & Experience
- Unified Ordering & Delivery (online ordering & delivery)
- GourmAI Management Portal
- Ordering Portal
- Labor & Staff Management
AI Driven
- Sales & Demand
- Menu management
- Inventory management
- Kitchen Production
GourmAI Local
- KDS: Food Production
- Local Employees management
- Local Orders processing, tracking, payments
- Local analytics, reporting and AI based suggestions
- Wait line management and tables booking
- CV based features
GourmAI Mobile
- Guest Services & Experience
- Unified Ordering & Delivery (onsite ordering and payments)
- Employee management
US Restaurants Industry in Numbers
There are 660,936 restaurants in the United States, as of 2021.
Annual growth rate of the food industry 3.7%
The foodservice industry is forecast to reach $923B in sales in 2023
There are 14.9 million restaurant employees in the United States as of 2022 (grow by 400,000 jobs)
9 out of 10 restaurants in the United States are small businesses with fewer than 50 employees
7 out of 10 restaurants in the United States are single-unit operations
94% of diners research a restaurant’s reviews online before going
Fizz out, Burn out, Buy out
1. Start New Restaurant
- Average investment in starting a sophisticated restaurant — $95k-1 mln (link #1 #2)
- Rent: $2000 - $12000/month
- Utilities: starting from $1,000-$1,200 for a 4-4,5k square feet
- Interior Finishes and Equipment: $20-400k
- Pre-Opening Expenses: $20-120k
- Marketing: 3-6% of sales
2. Restaurants Survival
- Around 60% (some sources indicate even 90% closed restaurants after 1 year of operations) of new restaurants fail within the first year, 80% — before their fifth anniversary.
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Primary reasons for fail:
- High operating cost at early stage
- Hiring and retaining of personnel
- Skilled chef and patron experience
- Staff and consistency in operations
- Bad location
- Inexperience
- Inflated costs
- Improper pricing
- Lack of marketing
- Disorganization
3. New restaurants opening and failing in costs
- Based on different sources in US annually opened in around 14K new restaurants
- Annual investments into new Restaurants opening $7bln, ($500K per restaurant in average).
- After one year closes 60% or 8400 restaurants which means losing of $4.2bln per year
- Probability to survive during first year 10%-40% (based on different sources) meaning that $6-$9 from $10 of investments can be loosed
- After 5 years alive in around 2800 restaurants where additional investments may reach up to $500K within 5 years (in first range because constant investments into personnel replacements)
01.
GourmAI Empower the Business
Business Value
- Up to 20% aggregate cost savings with using AI based solution
- Up to $300 monthly saving with software systems that GourmAI would replace (original costs may reach $1000/month per location)
- Up to 30% sales growth with modern web site and online ordering
- Сredit card processing rates varies between 1.5-2% per transaction
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Clear ROI:
- $100K in savings within 2 years
- $70K+ NET earnings per location within 2 years
02.
Competitiveness Value
- Up to 10% increased employees productivity
- Up to 5% profitability increased
- Up to 10% Talents retention growth with new technologies
- Competitive Credit Cards processing rates between 1.5-2% per transaction
03.
Investments protection
- Decrease on 10% probability of closing after first year of operations
- Decrease to 20% possible additional investments because personal retaining growth, savings on software and increased profitability
- Increase chance of success in first year from 10-40% to 30-70%
- For first restaurant hardware is FREE and for next in chain with 25% discount. All hardware for GourmAI will be delivered and installed. Undiscounted cost of hardware is $3200 per restaurant
04.
Technology Value
- All vital parts of software are AI Empowered and provide to restaurant management all necessary information for making right decisions
- Fully mobile optimized software
- Online ordering and table reservation website
- On location Staff training
Notes:
- No hidden costs and surprises
- All estimations, savings, probabilities, profits are indicative and may varies from restaurant to restaurant depending from different factors
- Restaurants participating in our Pilot Program get free set up, free equipment and one year free subscription ($14.5K value)
