About the offering
In 2016, U.S. restaurants experienced the lowest level of lunch traffic in the last four decades: 433 million fewer visits resulting in $3.2 billion in lost businesses compared to the previous year. By the end of 2021, the projected gross food sales through online delivery platforms is $21.6 billion. The biggest reason why restaurants are losing customers during lunchtime is the rise of desktop dining culture in the workplace: nearly two-thirds of business professionals eat lunch at their desks. Most people in the workplace resort to delivery service for lunch but are suffering from accumulating delivery fees and unreliable delivery time. Introducing ToGoBOX, the breakthrough in lunch culture. ToGoBOX presents a milk-run inspired many-to-one logistics model that solves the current problem of excessive delivery fees. Customers place orders from ToGoBOX online until a set cut-off time. Then ToGoBOX picks up food from each restaurant and delivers to the customers’ offices. This enables dozens of meals to be delivered all in one trip, which allows $1 delivery fee per order. ToGoBOX delivers all the food to the designated Pick up Locations assigned to each company/property, charging each customer $1 delivery fee without minimum order constraints. ToGoBOX’s target customers are employees of company between the size of 100 and 500 in the U.S., primarily with locational disadvantage.
FAQ
How much has ToGoBox raised?
ToGoBox has raised $48,565 of a $107,000 goal.
Where is ToGoBox's campaign listed?
The offering is listed on StartEngine, an SEC-registered Reg CF intermediary.
What are the terms of ToGoBox's raise?
Common Stock, $2.7M cap, $0.20/share.
When does ToGoBox's offering close?
The stated close date is Mar 26, 2019.
