lovethychef deck (dec 14)

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LoveThyChef

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Page 1: LoveThyChef Deck (Dec 14)

LoveThyChef

Page 2: LoveThyChef Deck (Dec 14)

LoveThyChef is a food deliveryfor healthy weeknight dinners, freshly prepped by our chefs,from local & organic produce,

and ready to eat in minutes

Page 3: LoveThyChef Deck (Dec 14)

The weeknight dinner.

Busy London professionals are overworked, out of time and lack any motivation to cook at home

Where’s the pain point?

Page 4: LoveThyChef Deck (Dec 14)

The weeknight dinner revolves around takeaways & ready meals

Page 5: LoveThyChef Deck (Dec 14)

1) A weekly rotating menu of healthy dinners,

2) freshly prepped each day by our chefs,

3) always ready to eat in 5-10 minutes,

4) and delivered Mon - Fri between 6-9pm

So how can we help?

Page 6: LoveThyChef Deck (Dec 14)

Our website- Process orders online

- Auto rotating menus

- Personal chef profiles

- Ratings & reviews

- Tags for each dish

- Responsive design

Page 7: LoveThyChef Deck (Dec 14)

Business Model

By removing the heat element from traditional takeaway,

we can restructure the food delivery value chainto create a more cost effective & scalable model.

Page 8: LoveThyChef Deck (Dec 14)

This means we’re able to operate with...

than any other takeaway in the world

Single Kitchen Less staff Less drivers

Page 9: LoveThyChef Deck (Dec 14)

We take inspiration from SF baseddinner delivery Munchery

• Raised over $40m

• Single commercial kitchen

• Deliver 6,000 meals a day

• With only 50 delivery drivers

Market Validation

Page 10: LoveThyChef Deck (Dec 14)

Our Competition

Selection unhealthy

Overwhelming choice of similar cuisine

Bottom line:Unhealthy

Proper restaurant delivery

Only restaurants within2 miles, can get very costly

Bottom line:Too costly

Affordable price £4-5

Preservatives, additives, flavour enhancers, processed

Bottom line:Low quality

Affordable price £5-7

Static selection of food,no fresh ingredients

and no immediate delivery!

Bottom line:Repetitive

Page 11: LoveThyChef Deck (Dec 14)

Our vision is to sell our “gourmet ready meals” in shops and kiosks inside London Underground stations.

Page 12: LoveThyChef Deck (Dec 14)

Our TractionOperational for 12 weeks(only 2 delivery drivers, 7 mile radius)

- 100+ active customers- 25+ sales a day

- 20% week on week sales growth- 40% customer retention

- repeat customers purchase avg x2 / week

Page 13: LoveThyChef Deck (Dec 14)

How we look on Twitter

Page 14: LoveThyChef Deck (Dec 14)

Trained chef to Michelin standard, Catering Manager at London Olympics, Private chef to pop musician “Pink”

Founder of We Are Spectacular

ex-Marketing Director at Pret A Manger and Yo Sushi!

Int. Marketing Director at JustEat

ex-CRM manager at TopTable

BSc Business Management

Previous founder of eatro.com, 3 years in tech recruitment

BSc Accounting, MSc Finance

Previous founder of eatro.com, p2p marketplace for sharing homemade food

Andrew Rantell

Mark McCulloch Tess Tucker

Bar Segal

Non-Exec Director Team:

Daniel Kaplansky

Our Team

Co-founder, CEO Co-founder, Head of FoodCo-founder, COO

Page 15: LoveThyChef Deck (Dec 14)

Funding

We’re looking for £150k SEIS funding to fit our kitchen & scale our service in London

(We have £50k committed from a business angel)

Page 16: LoveThyChef Deck (Dec 14)

The Numbers

Kitchen rent £3,000Kitchen staff £5,000Drivers £4,000Produce £6,000Packaging £1,000Admin £3,000Marketing £2,000

Total: £24,000

Monthly expenses - to reach breakeven(100 meals a day)

Page 17: LoveThyChef Deck (Dec 14)

The Numbers

We forecast this funding to take us beyond breakeven,and to reach 500 meal sales a day (10,000/month)

Projected revenue: 10,000 x £10 = £100,000Projected expenses: = £80,000Net monthly profit: = £20,000

Page 18: LoveThyChef Deck (Dec 14)

www.LoveThyChef.co.uk