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Looking for an investor partner for an online food ordering website
Posted by: waipang fong on 8/18/2008 2:26:58 PM
Funding Needed:
$100k - $250k 		Category:
Information Technology (IT) 		Website :
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Location :
ashburn, Virginia, USA 		Viewed : 278 times
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Description:
This is Waipang Fong, I am working on an online food ordering website (www.efamish.com) using an offshore team in China, we just have finished the prototyping, at this point we need funding to continue on our development. We are targeting to have this released in early next year.

www.efamish.com is different from other competitors for grouping the individual orders for the restaurants, I have put some brief information for this project, if you are interested, please call my cell at 703 508 7735 to discuss more in detail.

The Problem
At this point, there is no successful online food ordering service, due to the fact that, the customer can’t make the single online order, since the restaurant won’t take the delivery for such small amount, and using the online food ordering just for carryout as most of the websites, that’s not quite beneficial.


The Solution
www.efamish.com will group these small orders among those customers stationing in the same building/area to a single big delivery order for the restaurant
www.efamish.com will allow the restaurant to participate the program even without internet access but phone or fax

Funding

• Need $114K to ready for launching the site (4th month)
• Need $387K to reach breakeven (11th months)
– Will make $520K+ sales for this round
– Will make $134K+ profit for this round
– Will make $20K+ accumulated profit
• Need $349K for operating another 6 months (17th month)
– Will make $1.3+ million sales for this round
– Will make $1+ million profit for this round
– Will make $1+million accumulated profit
• Need $352K for operating another 6 months (23rd month)
– Will make $2.2+ million sales for this round
– Will make $1.9+ million profit for this round
– Will make $2.9+ million accumulated profit
• Need $336K for operating another 6 months (29th month)
– Will make $3.1+ million sales for this round
– Will make $2.7+ million profit for this round
– Will make $5.7+ million accumulated profit
• Need $437K for operating until end of the third year (37th month)
– Will make $5.4+ million sales for this round
– Will make $4.9+ million profit for this round
– Will make $10.7+ million accumulated profit

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