Food Trak Global Startup Challenge Final Presentation

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FOOD TRAK JUST FOODTRAK YOUR FOOD TRUCK!

Transcript of Food Trak Global Startup Challenge Final Presentation

Page 1: Food Trak Global Startup Challenge Final Presentation

FOOD TRAK

JUST FOODTRAK YOUR FOOD TRUCK!

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PROBLEMS

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CONSUMER

FOOD

TRUCKS

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VALUE PROPOSITIONS

MOBILE PAYMENT CONVENIENCELOYALTY REWARD

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WHAT MAKES US DIFFERENT?

Collaboration between usersVariety of free services

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REVENUE STREAM

Mobile Payment Premium Account

Reward System Monthly Membership

2.5% service fee

Food Trucks Advertisement

$3.99/month

QR Code & Data Collection

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CONSUMER

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PRICING STRATEGYFOOD TRUCK USERS CONSUMERS

- Personal assistance service

- Constant meetings to fulfill their needs

- Direct sales

- Freemium

- Browsing through app

- Location of every food truck in Boston and details about them

- Premium

- Coupons and updates

- Ordering services FREE OF CHARGE

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GO-TO-MARKET PLAN

Local food trucks and one-month free trial premium membership.

Partnerships with Level Up to allow mobile payments and redeem rewards.

Attending Food Festivals around Boston to build more and greater connections.

Partnerships with popular food trucks like Clover and arrange challenges.

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COMPETITIVE ANALYSISSTRENGTHS WEAKNESSES

OPPORTUNITIES THREATS

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food truck marketFOOD TRUCK MARKET59 different food truck companies in Boston, 335 food trucks

250,000 students in Boston

857mn dollars in nationwide sales by food trucks in 2014

9.3% Average industry revenue increase over the last 5 years

1.024bn Expected nationwide food truck revenue for 2017

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Revenue

Premium User ~ $3.99/month

Premium Food Trucks ~

Expenses

Marketing ~ $2000

Insurance ~ $0

Research & Development ~ $8000

Rent $0

Financial Calculations

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SOLUTION ANALYSIS

Average Number of Meals per day 150

Average Meal Price $7

Annual Sales Revenue $380,000

Estimated Sales Revenue with FoodTrak(25% of influence)

$475,000

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CURRENT STATUS

Our Plan Beta in Boston Launching Paid Service Nationwide Expansion

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FUTURE EXPANSIONS (5 years)

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ALEC KIANG PALENQUE HERBERTRAMIRO SALAYASABRINA LEUNGYUMI SHEK

ADVISOR: ALEX NGUYEN

CO-FOUNDERS

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CONTACT INFO

[email protected]

@ Food_Trak

FoodTrak

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