Automated Food Service & Delivery for Today's On-the-Go Customers

Speedy Eats automated kitchens offer full meals available 24/7 via walk-up, drive-up, and delivery, offering a unique combination of quality, convenience, and superior customer experience. 

Using advanced technology and smart software, we’re able to anticipate and prioritize customer demands while drastically reducing the labor and overhead costs associated with traditional food service offerings. Our units can operate both indoors and outdoors in high foot traffic areas, as well as capitalize on untapped real estate such as parking lot spaces. Unit operators can choose the menus they’d like to stock, and each unit contains all the necessary equipment to cook and serve whatever the franchisee would like to sell. 

We’re ready to seize the enormous potential to make convenient, high-quality food easily available to communities everywhere.

Food Service is Limited by High Overhead Costs and Labor Requirements

The food service industry is a challenging one, known for its high overhead costs, low profit margins, and demanding customer service. Restaurants and kiosks are both highly limited in their location, labor needs, and turnaround times. 

Restaurants have a notoriously low rate of return, combined with high upfront costs, constant employee turnover, wage pressures, and supply chain difficulties—all of which have been exacerbated by the COVID-19 pandemic. Kiosks, on the other hand, are limited by low-quality options, limited income generation, and a lack of smart technology, leaving many of these suppliers way behind the times. All the while, Americans are more time-strapped than ever before, looking for easy, nutritious, convenient meals at affordable prices. 

It’s no surprise that we’re now witnessing a rise in mobile ordering and delivery services, more advanced use of tech and AI, and an increase in cashless transactions. 

Automated Kitchens Designed for Convenience

Speedy Eats kitchens combine the powers of prime real estate and automated tech to offer a new and improved food service business model. Units can be placed in a variety of high traffic locations, including parking lots, transport centers, and event venues. 

Each kitchen has a warming system and fridge, and is designed to carry multiple types of entrees served either hot or cold, along with side items and beverages. Food is stored in individual, airtight enclosures and cooked in a convection oven, with expiration dates closely monitored. Our units are able to pre-cook entrees in advance of peak hours, allowing customers to grab their orders extremely quickly while improving sales throughput and maximizing sales potential. 

Our automated kitchens can integrate with third-party delivery companies through API systems such as Doordash, enabling users to place delivery orders from our locations through third-party apps and opening us up to greater digital traffic. Through our software, each unit is able to learn traffic patterns in order to anticipate when and how much food needs to be ready. By leveraging excess capacity and automating service, our units reduce labor costs and overhead while maximizing margins and paving the way for rapid expansion. 

Speedy Eats will manufacture and sell the units to operators for around $120K each, while also licensing the software as a monthly SaaS subscription. By our current estimates, we believe that each unit can provide a one-year rate of return for our franchisees.

Tapping Into Multi-Billion-Dollar Markets

The quick service restaurant (QSR) market was valued at $100B in 2021*, while the food delivery business is worth $94B (source). Speedy Eats is perfectly positioned to capitalize on both, and our units can be placed in strategic locations so that delivery drivers don’t even need to get out of their vehicles.

*Total market value based on internal research when paired with additional statistics (source / source / source)

*Total market value based on internal research when paired with additional statistics (source / source / source)

**(source)

There are also huge opportunities for our automated kitchens at theme parks, airports, train & bus stations, and parking lots, which add up to a combined market cap of nearly $5.8B.* By focusing on quality, convenience, and customer preferences, we’ll be able to succeed in various markets.

*Based on internal research conducted by SpeedEats.

Our current competitors exist in the form of kiosks, vending machines, and brick-and-mortar restaurants. Kiosks and restaurants are designed for indoor, low-traffic use, relying on inefficient operations, high labor costs, rent, and other critical overhead, creating strict limitations in terms of location and operating hours. While vending machines offer convenience, they’re severely limited in quality and choice of options. 

Speedy Eats combines the best of both worlds with our low-maintenance, smart-software model that offers a wide variety of hot and cold menu options. Our units can be installed in small, high-traffic spaces as well as untapped real estate such as empty parking lot spaces and can operate around-the-clock, connecting us with a much larger customer base.

Full-scale Working Prototype Ready for Customer Testing

We’ve successfully built and tested our full-scale working prototype using our initial $500K raise. We recently signed an LOI with the drone delivery companies, Valqari and DroneDek, and have established commercial partnerships with Doordash and Waitr. We’re now in the process of developing a custom software platform in order to leverage data and improve the customer experience. 

We will be building our second-generation unit over the next six to eight months and then moving to test that unit in the field. During this time we will gather customer feedback, including testing of drone delivery capabilities in our lab. From there, we’ll focus on perfecting the design and moving into the manufacturing phase. Our aim is to have 100 units sold and operational by mid-2023.

Seizing the Untapped Potential in Automated Food Tech

We believe in the huge and untapped potential of automated food technology. Starting with our first prototype that was built in a living room, we’ve spent the last six years developing our Speedy Eats kitchens into the best they can be. We’re eager to serve the community with our automated kitchens, and we’ve had the courage and audacity to keep pushing ahead in the face of ongoing obstacles. 

Speedy Eats is proud to have created a truly innovative, high-utility product that will benefit business owners and customers alike across a multitude of uses and applications. We’re now ready to refine, launch, and scale our kitchens to serve communities everywhere.