appetimer
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Appetimer. Restaurant Allergy Info & Wait-Times. Table of Contents. The Need: Food Allergies and Dieting Overview of Appetimer Market Analysis Development, Production, Location Management Financial Information Risk Factors Harvest or Exit Scheduling and Milestones. - PowerPoint PPT PresentationTRANSCRIPT
AppetimerRestaurant Allergy Info & Wait-Times
Table of Contents• The Need: Food Allergies and Dieting• Overview of Appetimer• Market Analysis• Development, Production, Location• Management• Financial Information• Risk Factors• Harvest or Exit• Scheduling and Milestones
The Need: Food Allergy Statistics• 15 Million Americans
have Food Allergies• Eight Foods Account
for 90% of All Reactions
• Between 1997 and 2011, Food Allergies Increased Approximately 50%
The Need: Dietary Preferences• 2.5% of Americans in
2011 were Vegetarians or Vegans (Roughly 7.5 Million)
• 45 Million Americans Diet Each Year
• 8 Most Popular Diets: Atkins, Zone, Vegetarian, Vegan, Weight Watchers, South Beach, Raw Food, and Mediterranean
Overview of Appetimer• Relies on Current
Location• Program Food
Allergies/Dietary Restrictions
• Returns Restaurants that meet Restrictions within Radius with Low Wait
Our Mission
With Appetimer, our team strives to meet the
growing dietary needs of individuals living in the
College Park area by providing a mobile application
that promotes and advertises establishments that
meet these needs and provide the wait-times for
restaurants in consumers’ vicinities.
Market Size• Over 30,000 residents who live in College Park
(U.S. Census)– Many whom are college students
• Consist mainly of college-aged students who want to acquire information on local restaurants– Location– Ingredients– Business Hours– Wait time
Product/Service Promotion• Product would be promoted at restaurants
indicating they advertise food products via cellphone application
• Users connect with restaurant and find information pertaining to ingredient lists
• Restaurants offer coupons or specials to entice customers to dine at desired location
Competition• Apps currently exist but are limited to:1. Location2. Type of Restaurant (Fast Food)3. No information on wait-time4. Do not list dietary restrictions5. Are only for items with barcode
Costs• Start Up Costs– DIY– $169,100 (used Kinvey App Cost Estimator)– 414 person days with 5 personnel
– Using Kinvey BaaS platform– $56,905 (assuming purchase of Kinvey Business
Edition)• $1500/month
– 107 person days with 4 personnel
Other costs• Apple charges a $99 fee to be in their App Store
• Apple also takes a 30% cut from all sales through the App Store
• Maintenance costs= 15-20% of start up costs
Financial Breakdown for DIY
-roughly 15 million people in the US suffer from a food allergy
-of the 15 million, 9 million have adult food allergies
Financial Breakdown for Kinvey
Risk Factors• Competitors– Restaurant apps could add diet
functionality– Other competitors could emerge
• Finances– Apps are a risk because revenue is not
guaranteed– No way to predict downloads aside
from response from Kickstarter – Costs could exceed our estimates
?
Harvest/Exit Strategy• Sell to larger restaurant
information companies– Urban Spoon, Yelp,
GrubHub• Sell to lifestyle
magazine/blog– Vegetarian Life, etc.
Milestones• Formal incorporation• Completion of Prototype• Release of completed application• First sales• Break-even (earn back R&D and development
costs)
Works Cited• http://www.acaai.org/allergist/allergies/Types/food
-allergies/types/Pages/milk-allergy.aspx• http://www.foodallergy.org/allergens/peanut-allerg
y• http://www.statisticbrain.com/lactose-intolerance-s
tatistics/• http://www.peta.org/living/food/2011-vegetarian-v
egan-stats/• http://www.medicalnewstoday.com/articles/5847.p
hp