Changing Consumers Models in the Restaurant and Healthcare Industries

Transcript

Andrew and Jessica welcome to this episode the leading experts in the topic of changing consumer models. You will hear an interview with Patrick Fore from fleat.net who aims to turn the restaurant business into what it used to be the “ice-cream man” coming to your door, the kind of purchase clients do because it is presented to them; Fleat vans are going to be circulating for customers to buy food on the fly, a unique business model that adds up to the food delivery system that most restaurants use today. The second interview is from a completely different industry but still offering a similar business approach, Sunil Shenoy, who has a huge healthcare background, will talk about an innovative way of providing healthcare as it is telehealth which is revolutionizing the industry, as well as doctors visiting patients, where again, the service is delivered to the consumer, increasing accessibility and easing the process for the clients. Listen to this episode, discover the current game changers and get ready to add significant value to your business!

Listing of the week: Sunil Shenoy (M&A). Innovative business in ergonomic furniture. In the U.S., 84% of people have a desk job, people spend more than 10 hours a day sitting and this company has the solution for the consequences that all these hours sitting cause. Company based in Manchester, $6 million in revenue, $1.5 million in EBITDA and growing. Call Sunil at 754-224-3133.

Key Takeaways

[9:08] Sunil Shenoy talks about the shifts in wellness consumes’ models.
[10:58] The wellness industry has a growth rate of 12%.
[11:31] Wellness tourism brings 204 million trips into the U.S., spending 241.8 billion dollars.
[11:59] Sunil Shenoy gives the example of Calm, a meditation app.
[13:11] Opportunities in the wellness industry.
[17:55] Deal of the week: JT Tatum (North Carolina). Local restaurant with a second location. One year of operation. Original price $125,000 augmented to $156,000 after a BOV. Revenue $60,000. The buyer was a man with 14 years’ experience in the restaurant industry in Turkey. And wanted to relocate with his family. All-cash deal!
[22:22] Patrick Fore, Fleat Network.
[23:21] The way that food delivery happens has changed.
[23:45] Fleat network helps the restaurants having more control over the brand, the food being delivered, important customer data, and controlling the costs.
[24:25] Fleat platform offers mobility.
[28:11] The question now is “What can be delivered?”
[32:33] Listing of the week: Sunil Shenoy (M&A). Innovative business in ergonomic furniture. Company based in Manchester, $6 million in revenue, $1.5 million in EBITDA and growing.

Mentioned in This Episode

• The Deal Board Podcast
• United Franchise Group
• Transworld Business Advisors
• Transworld on Linkedin
• Transworld on Facebook
• Call us
• Email us
• Call JT Tatem
• Email JT Tatem
• Fleat.net
• Email Patrick Fore
• Call Sunil Shenoy