New Virtual Restaurant Brands Company Virturant Out to Save the Restaurant Industry

Key Take Away

Virturant, the startup virtual delivery-only restaurant company launched in January 2020 to save the restaurant industry, creates an entirely new revenue stream for eateries with extra capacity looking to earn more money.  By making productive use of underused/unused kitchen staff and operational hours, restaurants can increase revenue and profitability.

It’s easy to manage orders on these platforms with innovative tablet integration software – as all four delivery apps are managed by one tablet and one printer all supplied by Virturant.

The Model

By entering into a licensing agreement, restaurants can go from producing the items on their existing menu, to also offering entirely new items

“In addition to a new customer base, the magic in our model is that peak ordering demand for delivery is different from peak serving time for the typical sit-down, fast-casual restaurant,” said Jon Register, CEO, Virturant.

For More Information Click Below:

www.restaurantnews.com/new-virtual-restaurant-brands-company-virturant-out-to-save-the-restaurant-industry-061620/

18 percent restaurants may not restart post lockdown

Key Take Away

Post COVID-19, it is estimated that 18 percent of single-unit restaurants are likely to shut down between May and July and another 12-15 percent of restaurants will be part of the second round of closure between September and December

As per the report, in the financial year 2019-20, the year that ended in March 2020, only 19% outlets delivered an EBITDA of 10% or more, "half of our universe was negative"

It is important to understand the income-pool that restaurants serve. Drive-Throughs are now a lifeline for fast-food chains.

For More information click below :

english.mathrubhumi.com/food/people/18-per-cent-restaurants-may-not-restart-post-lockdown-report-1.4812505

Buy Indian Hotels, target price Rs 100: Anand Rathi

Anand Rathi has given a buy rating to Indian Hotels with a target price of Rs 100.

With the "no-travel" policy and companies adopting "work from home", the brokerage expects the impact of the virus to begin waning by June-July, and business to pick up in H2 FY21. It also assumes that as the last few months of 2020 roll in, inbound travel is likely to be a fraction of what India gets in typical years. Considering the situation and its impact on hospitality, the FY21e/FY22e EBITDA for Indian Hotels has been cut by 71.7 per cent/39.7 per cent.

The share price moved up by 2.38 per cent from its previous close of Rs 69.35. The stock last traded price is Rs 71. Incorporated in 1902, Indian Hotels has a market cap of Rs 8253.45 crore.

Investment Rationale

Key assumptions taken for FY21 are: standalone properties: 40 per cent occupancy with 12 per cent y/y cut in ARR; US and UK properties: 30 per cent occupancy with 12 per cent y/y cut in ARR). The brokerage retains buy rating on the stock, with a lower target price of Rs 100, from Rs 180 (sum-of-parts or SoTP valuation)
For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 1372.72 crore, up 36.26 per cent from last quarter sales of Rs 1007.44 crore and up 3.72 per cent from last year's same quarter sales of Rs 1323.45 crore. The company reported net profit after tax of Rs 193.73 crore in the latest quarter.