How On-Demand Food Delivery Platforms Proved to be a Boon for the Online Business World
Just before the COVID crisis hit the world the on-demand apps such as Netflix, Amazon Prime, and Uber were ruling the on-demand market. Along with them, the on-demand food delivery market has also flourished in recent years. Especially in these testing times when people are feeling skeptical on whether or not to opt for dine-outs the option of on-demand food delivery has worked well for everyone.
As the wave of the pandemic hit every country most brick-and-mortar businesses were forced to join at least one of the online delivery platforms to get over the hard times. Since then, there has been a spike in revenue, rising by each month. People are now trusting the online platforms and more have started investing in them.
The State of Full Service Report this year stated that the percentage of Americans ordering takeouts has risen from 19% in February 2020 to 22% in March and April 2020. This is evident enough to prove that a lot of business has flowed to the on-demand food sector. There has been an exponential increase in the revenue of restaurants and a rise in the number of Ghost or Virtual Kitchens. Let’s have a deeper look at the current scenario of the on-demand food delivery platforms.
Increase in Ghost or Virtual Kitchens
The online food delivery platforms have had a significant impact on the way the restaurants functioned before. It has certainly given newer opportunities to budding entrepreneurs to enter the market.
These restaurants concentrate on delivering food rather than becoming a part of the conventional dining practices. Their primary aim is to offer premium food while following authentic practices. The experience of having a meal from a ghost restaurant is the only highlight of the services offered by these restaurants.
The way virtual restaurants function, there has been a healthy decrease in the financial backup one needed for establishing a restaurant. The decrease in the operational cost of starting a ghost restaurant works for the benefit of a wide spectrum of food business entrepreneurs. Ghost restaurants can save money in the following areas:
Labor: Waiters, staff managers, Other operational essentials
Rent: The place you choose to run a restaurant doesn’t matter.
Space & Decor: This area is certainly a huge investment for every dine-in restaurant.
Ghost restaurants are bound to grow in every part of the world. We can learn from the example set by Faasos. It is not that there has been an overnight change in the business model but a reciprocation of the current user demands i.e. quick and convenient food delivery. The impact of ghost restaurants has been observed in many countries. It meets customer demands, accounts for lesser investment while being scalable and flexible.
Let’s have a look at what makes online food delivery platforms a viable business prospect to invest in 2021.
Pros of On-Demand Food Delivery Systems
Increase in Revenue:
Equivalent to Dine-In Services but more Convenient:
Wide Spectrum of Business Opportunities:
Exposure to Rising Online Trends:
Factors to Consider Before Establishing an Online Food Delivery Restaurant Business
Infrastructure, Labor, and Finance:
Why Consider Consulting Technource For On-Demand Food Delivery App Development?
As any business is a reflection of the right practices followed by its stakeholders. There is a definite path to make your app a success in the online food market. When faced with such a big challenge you must choose an app development company that holds considerable expertise in the field.
Technource has been serving the professional IT service sector for more than 8 years and has gained considerable experience working on challenging projects for our clients around the globe. We have worked on on-demand apps before and can offer a clone app or a newly designed app as per our client’s preferences.
Our expert team of designers, developers, QAs, content specialists, and more talented individuals form a perfect team for taking on any challenge you throw our way. We work with the MERN and MEAN tech stack when it comes to website development. We work with cross-platform technologies such as Flutter, Ionic, and React Native while our Native app development takes place using JAVA and Swift.
Technource follows the most transparent app development methodologies namely Agile-Scrum. Our company also offers MVP development programs specially designed for start-ups to make the best use of. Our budget-friendly rates cater well to our clients. We deliver projects on a strict timeline and offer post-project consultation at affordable rates.
Whether you’re an avid investor or a budding food entrepreneur our tailor-made services serve clients of all volumes. If you’re adamant about choosing the online food delivery business as your new venture then there won’t be a better time than now. The way new opportunities like Ghost Restaurants are offering revenue, investing in it today would get you an edge over your competitors.
+91 8302 347 093
+1 (780) 800-5508
+1 (302) 467-2034
+91 8302 347 093
+1 (780) 800-5508
+1 (302) 467-2034