lovethychef deck (dec 14)
TRANSCRIPT
LoveThyChef
LoveThyChef is a food deliveryfor healthy weeknight dinners, freshly prepped by our chefs,from local & organic produce,
and ready to eat in minutes
The weeknight dinner.
Busy London professionals are overworked, out of time and lack any motivation to cook at home
Where’s the pain point?
The weeknight dinner revolves around takeaways & ready meals
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?
Our website- Process orders online
- Auto rotating menus
- Personal chef profiles
- Ratings & reviews
- Tags for each dish
- Responsive design
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.
This means we’re able to operate with...
than any other takeaway in the world
Single Kitchen Less staff Less drivers
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
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
Our vision is to sell our “gourmet ready meals” in shops and kiosks inside London Underground stations.
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
How we look on Twitter
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
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)
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)
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
www.LoveThyChef.co.uk