Online reservation service RestOn

Project description:

 RestOn.com.ua – online table booking service, by using which you can book a table in the baes places of Kyiv city and also receive an exclusive 50% discount on the menu.

On RestOn.com.ua user can find all the necessary information (description, characteristics, photo, menu, news, reviews and a host of other things) and book table online.

Product: Online reservation service RestOn

Market problem:

For restaurants:

• Vacancy of dining places
• Absence of comfortable communication with the visitor on the distance
• Low level of recognition of visitors
• Visitors` ordering from the paper menu
• Restaurant worker`s recording of reserves in paper book of reserves

For visitors:

• Phone table reservation
• Search of contacts for table booking
• No feedback communication from restaurant
• No opportunity to economize in restaurant
• Inconvenient menu

RestOn solution:

For restaurants:

• Attraction of visitors with online booking service
• Сustomer loyalty program on distance
• Visitors statistics
• SMS and E-mail communication with visitors
• Convenient online ordering
• Providing with a convenient online book of reserves

For visitors:

• Creation of a convenient booking system
• Сustomer loyalty program
• Restaurant feedbacks about discounts and special offers
• Creation of a convenient menu for ordering

Results

1. Restaurant solves a problem of dining places vacancy.
2. Has online booking automatic module, which can be connected to the official site or Facebook page.
3. Restaurant gets a wide opportunities of fast communicating with visitors both inside the place and on the distance.
4. Restaurant has its own loyalty program.
5. As a result of automatic ordering the profit of the restaurant is increasing.

Targeted audience:

• Woman (60%) and man (40%)
• Medium income level
• the 21 to 45 age bracket
• Big cities residents
• Medium-level managers, or have their own business
• Internet users
• Interested in market innovations
• Appreciate their time and comfort
• Appreciate a good meal.

Monetization:

1. Table reservation – 5-10% from the total of a receipt for each booking, or fixed amount

Development program:

Business expansion on other cities with populations exceeding one million.

Development of an app for Android and iOS.

Workforce increase.

Marketing and advertising. Transferal of key words in Google TOP-5.

Connect booking system to 350 restaurants around Kyiv

Development of the portal

Investments/Offers to the investor:

Monthly average growth coefficient: 20%

Required amount of investments: $195 000

Investor`s participation: starting with 25%

Implementation of investments:

• Activity market expansion
• Marketing and sales
• Veb-development
• Personnel

InVenture Investment Group serves as an exclusive investment consultant for RestOn project.