Restaurants have notoriously high employee turnover which has been exacerbated by the global COVID-19 pandemic.
After governments across the United States forced restaurant establishments to close, many restaurant workers turned to new careers, leaving their former employers scrambling to fill positions when they were allowed to reopen.
Employment in restaurants and bars is down 653,000 from February 2020 before the first cases of coronavirus began to appear in the United States, according to the United States Bureau of Labor Statistics.
Restaurant customers are frustrated with the poor service they are getting these days, and restaurants are blaming the shortage of workers.
And as life increasingly returns to normal after the pandemic, Americans are pressed for time and don’t have time to wait for slow restaurant service.
But a company based in Baton Rouge, Louisiana is working to solve this problem.
Founded by Frederic Speed Bancroft, Speedy Eats believes convenience is second only to providing fresh, high-quality, customizable meals. It combined automated technology with underutilized real estate to create the ultimate drive-thru, walk-in, and delivery experience with its self-contained kitchens.
The kitchens offer several types of starters which can be served hot or cold in individual airtight containers and cooked in a convection oven. Units can be installed in high traffic spaces like airports and train stations as well as unused land such as empty parking lots.
Build a prototype
The company used the initial $500,000 it raised to build and test its full-scale working prototype. It also recently signed a letter of intent with drone delivery companies Valqari and Dronedek and established business partnerships with DoorDash and Waitr.
Speedy Eats kitchens combine quality, convenience and a solid customer experience while minimizing overhead and streamlining operations. Kitchens will be able to integrate with third-party delivery companies and can learn traffic patterns to anticipate when and how much food needs to be ready.
The company says its product will be positioned to capitalize on multiple markets, including the fast food market, valued at $296.55 billion in 2021, and the global food delivery industry, worth $126 billion. in 2021, as well as theme parks, airports, train and bus stations and car parks.
Speedy Eats will manufacture and sell the units to carriers for approximately $120,000 each and license the software as a monthly subscription. The company believes that each unit can provide a one-year rate of return to its franchisees.
Speedy Eats is looking to raise $1.07 million on crowdfunding platform StartEngine. The minimum investment is $250.
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Image: Courtesy of StartEngine