IBRC MORE THAN 10 BAGGER HERE-"Assuming our licensing partners achieve a 1% market share goal, then the total transactions per year would be approximately 350,000,000"
Restaurant Online Ordering Market Size & CharacteristicsOur market target for iMenu24/7 is restaurant owners and operators whether they are multi-national, Fortune 500 Companies or single, independently-owned restaurateurs. Our scalable technology makes iMenu24/7 affordable to all. Our geographic market target is the world. Our technical capabilities allow the company to market and service its products in the USA and Canada from our Atlanta data center. The North American market consists of some 1.1 million restaurant locations generating approximately $617 Billion annually in sales serving more than 78 Billion meal occasions annually. The National Restaurant Associations quotes that 58% of all restaurant patrons order food for off-premises consumption (take-out). That relates to some 45.2 Billion orders or $357 billion are take-out in the United States.
If one extrapolates a 1% market share as our goal for the North America market, this translates into a potential 452,000,000 orders (transactions) annually and, potentially, 10,000 restaurant customers. There is no assurance regarding the Company’s ability to achieve any projections regarding potential revenue or potential market penetration.
Currently in the United States, only 5% of restaurants have online ordering and most of those restaurants are chain affiliated in the pizza industry, such as Domino’s and Papa John’s.
iMenu24/7 has intuitive language capabilities. Thus, we are able to translate the language software for international use. Our strategy is to grow the company in the international markets through a licensing partnership program with companies or individuals who have expert knowledge and networking in the restaurant industry of their country. As an example, the European market has 27 countries with approximately $480 Billion in annual sales. Using similar consumer trends experienced in the USA, there are some 54.5 billion annual meal occasions in the European market. Assuming our licensing partners achieve a 1% market share goal, then the total transactions per year would be approximately 350,000,000.
The International Market for the Company represents approximately 41 countries consisting of Europe (27), Canada (1), South/Central America (4), Asia Pacific (7) and the Middle East (2).
Emerging markets, such as China and India, offer incredible opportunities for the company.
375M FLOAT, RM IN THE WORKS,OTC PINK,only 200K CAP vs 760k assets-
AT LEAST A TRIPLE HERE and 10 BAGGER WHEN RM IS COMPLETED-
Subsequently, on April 1, 2011, iBrands entered into an agreement with Discipline Marketing, Inc. to
acquire controlling interest in the brands, named Galileo and Copernicus...
IBRC, was trading .005+. great pick.