“We would put out a menu, orders come in, delivery dates about two weeks later, we would get paid for it”
MD
Mikey Deegan
Unit Economics ·
“Giving away 125 free meals a week… prices represent the lowest price he can charge and still meet all of his expenses… menu priced at basically a zero profit margin.”
The Daily · The Restaurant Industry Is Broken. Can It Be Fixed?
Play from 34:09
34:09
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What was described
removed all prices from the menu, gave away ~125 free meals a week, and later relaunched with a zero-profit-margin menu funded partly by a grant
125 free meals a week
Said nearby on the same subject
“Our return on customer rate is above 50 percent, which I believe is because we change our menu all the time”
MD
Mikey Deegan
Unit Economics ·
“A phone with a cord… you pick it up… Popsicle Hotline… free… white-glove service… free candy… board game menu… laundry same day…”
♫
Said on Tony Robbins Podcast Daily
“I gave a price of three decimal points. Usually we give two decimal point pricing… we got the contract.”
♫
Said on The Core Report
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