The Idea
Products & Services
Consumers order-ahead for food & drinks - with their order paid-for, ready upon arrival, and loyalty points automatically saved onto their phone.
For retailers, our merchant app enables staff to process mobile orders in one tap through a smart device; fully integrated with the point of sale system (receipts, stock management, payments, order logging).
Problem Solved
We’re solving the problem of how people buy things in crowded places, starting with disrupting grab-and-go food & drinks. Currently, you queue, pay physically at the till, have your loyalty card stamped, and wait again while your order is prepared. It’s slow, inconvenient, and frustrating; and it's a problem experienced everyday by busy urbanites all over the world.
Now consumers click and collect, with their food & drinks paid-for, ready upon arrival and loyalty points automatically saved on their phone. For retailers, QuickQueue increases store profits driven by intensified customer loyalty, increased average transaction values, boosts to operational efficiency and customer acquisition.
Revenue Model
QuickQueue charges merchants a per-transaction fee (5-10%). Key revenue drivers are therefore:
1) Number of merchants
2) Per-transaction fee paid by merchants
3) Number of customers transacting in those merchants.
For customers, the necessity to eat and drink multiple times/day enables us to tap into habitual re-ordering; on average our customers order 6.5x/month, highlighting the repeatability of our revenue.
Once we've earned our per-transaction fee, we have a 90% gross profit margin because the only direct costs we have are servers and a tablet in each store; there’s no expensive logistics platform needed to deliver our customers’ orders.
Exit Strategy
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