Eat24 is now Grubhub. People order food from Eat24 using a Grubhub account. Eat24 is an online food delivery platform. It was founded in 2014 by Mike Evans and Matt Maloney.
How does Eat24 Work?
Eat24 associates consumers with different food restaurants. They can easy to place an order with the restaurant of their option, and the food delivery chief conducts it to their doorstep.
Placing an Order
Eat24 works for consumers, To follow after they have profitably signed up. The customers can search through different restaurants obtainable at Eat24 and place an order adding items to the cart and confirming the order.
Accepting the Order
Once the customers have profitably placed an order, the restaurant is in form. Then inspect the availability of the food items ordered.
Delivery
Once the pick-up is done, the delivery chief reaches the allocated location on time. The customers can track the going of their order and the location of the delivery chief.
Eat24 Business Model
To provide you with the business model of Eat24, business concept,
Key Partners - Restaurant, Delivery personnel
Key resources - Technology platform, Delivery persons, Restaurant Partnerships
Channels - Websites, Mobile App for Android
Cost Structure - Technological setup & running cost, payment to the delivery person
Revenue - Commission out of each other
Eat24’s Revenue Generation Model
The important fact for a business is money. To earn profit to hold back in the platform.
Commission Fee
Eat24 billed a fee for helping the restaurants with a ready platform. This commission fee is settled as a secure probability of an order from the restaurants from GrubHub.
Delivery Fee
Eat24 fees the clients with the normal delivery fee.
Advertisement by Restaurant
Few restaurants appear while customers make their exploration and indicate more than the other restaurants listed on the website.
These restaurants are charging an advertising fee to Eat24 for visibility. These are the main origin of revenue for an on-demand food delivery service like Eat24.
Want to get the business model of your On-Demand like Eat24 Idea right?