The restaurant you just ordered delivery from may not actually exist — here's why. - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The restaurant you just ordered delivery from may not actually exist — here's why.

The rise of delivery apps like Uber Eats has also led to the rise of. And if the pandemic has accelerated existing trends, one of those trends has been the shift to delivery and online ordering. Dining rooms were becoming less relevant to a restaurant's online presence even before the pandemic. But now that sit-down dining is heavily restricted or banned in most states, the financial success of a restaurant has become dependent on two things: its kitchen and its delivery capabilities.

Delivery-only restaurants are especially well-positioned to battle the woes of the pandemic. Without dining rooms and the staff required to operate them, rent and payroll costs are significantly lower. Virtual restaurants share kitchen space either with a primary-brand full-service restaurant, or with other virtual restaurants in a WeWork-like. Since shared kitchen spaces don't have to be in bustling parts of town, restaurants are able to save money both by sharing rent for and avoiding a location premium.

Business Insider spoke with Jim Collins, the CEO of Kitchen United, a ghost kitchen company headquartered in Pasadena, California. Collins told Business that his company has seen success in its space from both national chains and independent operators. "The size of your restaurant doesn't matter as much as the vibrance of that digital consumer connection," Collins said.

That digital consumer connection is largely facilitated by third-party delivery platforms. Among its competitors, Uber Eats has been especially aggressive about experimenting with delivery-only restaurants. The high fees that third-party delivery services charge restaurants may be untenable when high rent and staffing costs are part of the equation. But Uber Eats' 35% average commission could be easier to swallow for restaurants that only have to worry about making the food.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Then who... did... i.... just... talk... to?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PHOTOS: Look inside a pre-Revolutionary war mansion in Charleston - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Europe coronavirus rescue proposal: How it works and why it may fail - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Whenever a word “Marshall Plan” appears instantly a question pops out: how fair is it going to be to each of EU economies?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Monzo seeks funding at decreased valuation - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The PPP Small Business Loan Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. insider_intel Note THis in an Indian Illegally Recovery Mobile Loan Applications against indian Law Name getrupee, Silver kredite, kcash(rupeego.अभी भी रिकवरी के लिए हैरेसमेंट करते हैं। मेरे पास इनके पूरे प्रूफ है। आप एक्शन लीजिए। Google GoogleIndia insider_intel How much did the trump pirates get of this small business loan?
Source: BusinessInsider - 🏆 729. / 51 Read more »