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Management Team - PowerPoint PPT Presentation


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Management Team. Andy Chen – CEO Aarondev Chhokar- COO Jasren Sihota – Marketing Angad Kahlon - Sales Haniya Hunt & Nick Mosey – Financing Benson Giang – CTO Andrew Smith – Legal/Patenting. Mission Statement.

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Presentation Transcript
management team
Management Team
  • Andy Chen – CEO
  • Aarondev Chhokar- COO
  • Jasren Sihota – Marketing
  • Angad Kahlon - Sales
  • Haniya Hunt & Nick Mosey – Financing
  • Benson Giang – CTO
  • Andrew Smith – Legal/Patenting
mission statement
Mission Statement

Pen-U is an innovative, self-service solution, which allows casual dining restaurants to increase average check and improve speed of service - at a lower cost.

what it is
Pen-U is an electronic and wireless pen that scans barcodes

Has digital display

Four functional buttons

Includes a receiver and printer unit

Menu with barcodes

What It Is
how it works
How it Works
  • Wireless technology
  • Server
  • Printer
  • Software (Patent Pending)
  • Four buttons
    • Start order
    • Complete order
    • Delete
    • Scroll Button
slide6
Why?
  • Save the restaurant money
  • Cost of one full-time waiter, even part time waiter is more costly (breaks, vacations…)
  • Does not replace but supplements the role of the waiter
  • Makes waiters more efficient
  • Accurate
  • Reduces wait time for customers, satisfying customers
durable competitive advantage
Durable Competitive Advantage
  • First mover advantage in the U.S.
  • Our own network and program setup
  • Idea/Technology not widely practiced in U.S. yet
target
Target
  • casual dining restaurant (i.e. TGIF, Chili’s, Islands, Red Robin)
  • contact restaurants
  • restaurant expos/trade shows
  • Start in Southern California
financials
Financials
  • Partnership with Logitech to distribute pens (Pay vs. Shares)
  • Roughly $427.23 a month for 30 pens, printer, server (considerably cheaper than actual waiter)
costs
Costs
  • Rent (medium sized office)
  • Marketing
  • Advertising
  • Office Furnishing
  • Travel
  • Wages
  • Distribution
  • Around 20~30 employees
financials1
Financials

CHILI’S Case Study

chili s
Chili’s
  • Roughly 75 tables or pens needed.
  • About $13,000 a year for full Pen-U system including extra pens and menu costs
  • About $10,000 per worker
risks
Risks
  • Technology malfunction
  • Breaking/destruction/tampering/vandalism
  • Bankruptcy
exit strategy
Exit Strategy
  • Sell to companies such as EMN8
  • Remain private