- 20 pilots including brand/location partners Disney & McDonalds proved people love our micro stores.
- CEO/Founder sold a company to market leader ZoomSystems, operator of BestBuy Express. (Team: MIT Sloan, Harvard Business, & Dartmouth).
- Proven Scalable Model: Boston pilots pay for themselves every 6 months.
- Exit Strategy: Within 2 years the company hopes (but not guarantees) to be acquired by a company like Amazon, Google, Apple, or BestBuy.
MagNet is a network of technology-driven micro stores selling essential products needed in high-traffic locations such as train stations. MagNet micro stores provide a delightful experience with precise information (typically only offered by online shopping) and immediate gratification exactly at the point of need. MagNet has the smallest footprint and highest efficiency in the market, reaching consumers where no other retailer can.
In 5 years, MagNet hopes to have more than 1000 locations in the US and the company will be an acquisition target of companies like Amazon, Google, Apple, and BestBuy that are trying to bridge the gap between online and location retail. Our pilots have been successful. We have brand partnerships, relationships with property managing companies for viable locations across the US, hardware manufacturing partnerships, and team ready to scale. These projections cannot be guaranteed.