- Simple model – we are landlords of grocery store shelves. We lease to hundreds of local food brands per store.
- Brands sell direct – that means low inventory & labor costs for us. Other grocers net 2%, we net 34%.
- Consumers finally get Source Direct Pricing for local food
- Impressive Proof of Concept – 80% shelf spaces leased with deposits in hand
Tastes is a real estate play. Like WeWork, we convert spaces into an upscale grocery stores, and sublease shelf spaces to local Food Producers at highly affordable rates. We drastically reduce complexity and barrier to entry for Food Suppliers and we give Consumers a store with source direct food and pricing. 80% of our first store has been pre-leased with remaining to be leased out by Q1 of 2022, secured with deposits.
The flagship store in Austin Texas is just the beginning. We will take hyper local global within five years through acquisition and franchising. We intend on being the leading grocer of the future that integrates health and wellness apps onto our AI platform to become the most advanced grocer on the globe. These projections cannot be guaranteed.