1. Description of Ideas
Jollof Kiosk is a patent-pending self-serve meal delivery platform which dispenses nutritious, ready-to-eat, home-cooked boxed Jollof rice to customers. JollofKiosk is the first and only vending machine offering nutritious home-cooked meals available round-the-clock. Additional features of this vending machine include:
- Recipe IQ: Built in nutrition/recipe tracking Artificial Intelligence (AI) analytics which estimates the allergy susceptibility score called Health Index Score
- Health Category: AI analytics that categorize the meal into healthy categories: 1) gut-friendly, 2) heart healthy, 3) anti-inflammatory, and 4) weight-friendly.
These analytics can be shared with medical and healthcare institutions for personalized treatment of registered patients.
2. Problem and Solution
- 70% of food delivery users buy unhealthy and overly processed foods
- 90% of food delivery users purchase meal with low-shelf life
- Meals from subscription platforms are healthy but expensive with zero shelf life
- 85% of restaurant chains do not operate round-the-clock
There is an unmet need for on-demand (round-the-clock), healthy (home-cooked) and affordable meal.
Jollof Kiosk will deliver healthy meals which are also affordable, high shelf-life round the clock. Finally, Jollof Kiosk gives the customers wide range of dietary choices.
3. Why Jollof
Jollof Rice is a dish from West Africa that is rapidly gaining global attention for its rich flavor profile and nutritious ingredients:
- Unmatched taste
- Long shelf life
- Low risk of contamination
- Highly nutritious
- Health-friendly
- Rising popularity and growing demand around the world
4. Who do we serve and how big is the market?
Jollof Kiosk fills and unserved gap in a $100B global market. Ready meals are already $127B global market. North America holds about 41% of this market share.
We serve everybody and the user groups are:
- Late-night shift workers
- College students
- Long-distance travelers
- Children from busy families
The locations are:
- College campuses, dining halls
- Within airports and bus/train stations
- Mall and food courts
- Homeless shelters
5. Business Model
Meal Purchase
Meals are priced as:
1. Non-Rated Base Price: $9.99
2. Healthy Index Score Rated: $11.99
3. Healthy Category Score Rated: $11.99
4. Dual Score Rated: $21.99
Subscription
Other subscriptions include Web API of meal analytics delivered at $9.99 per month to medical and healthcare institutions.
Scaling Revenue
- Food can be loaded unto Jollof Kiosk machine multiple times (ex. 3 times) a day to increase revenue
- More machines can be deployed at different places within the city to increase revenue
- JollofKiosk can be incorporated with delivery services such as Doordash and UberEats to increase revenue
6. Financial Projection
Figures below are calculated on per-bowl basis. Device max capacity is 108 bowls.
Expenses:
Cost of Goods: $5.10
Rental: $0.50
Device: $1.10
Total: $6.70
Revenue:
Price per bowl: Choice of ($9.99 | $11.99 | $21.99)
Profit:
Year 1: $1.5 M
Year 2 = $6 M
7. Competition - Who is already in the market
Delivery Services:
Includes: DoorDash, Uber Eat, PostMates
Cons:
- Too Expensive
- Limited Hours
- Unhealthy food
- Low shelf-life
Meal Subscription:
Includes: Hello Fresh, Purple Carrot, Blue Apron
Cons:
- More Expensive
- Limited Selection
- Lack of flexibility for dietary selection
- No shelf-life
8. Traction
- Developed 3D prototype of Kiosk
- Provisional Patent of JollofKiosk approved
- Non-Provisional Patent in submission
- Began Social media pre-launch marketing campaigns
9. Funding Ask
Raising $500,000 in Pre-Seed funding for the following activities
- Develop mobile Apps + Prototype Kiosk
- Acquire key talent across operation
- Begin pre-launch marketing campaigns
- Begin testing and pilot programs
- Beta launch in Jackson, Atlanta and Dallas
10. Vision
The vision of this project is to establish life-long customers by
- Digital Twin Innovation: Connecting their dietary history to primary health care physicians for personalized healthcare delivery
- Advertisement: Door to door advertisement
- Lowering prices: send out coupons to registered customers
11. Company and Team
Blazor Technology Foundation was founded in November 2023 with the vision of enabling homeless and needy to access home-cooked meals round-the-clock. The mission is to develop a vending machine that help these vulnerable population to access these healthy foods.
However, we’ve expanded the mission to develop JollofKiosk vending machine as a paid platform for investors to invest in.
The team in this company includes nutritionists, medical professionals, accountants, AI engineers and scientist.