Photo - RoboJuice.ai
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RoboJuice.ai

Robotics Juice Bar

USA, Massachusetts
Market: Food industry
Stage of the project: Prototype or product is ready

Date of last change: 11/28/2019
Min investment
$  50.000
Show contacts
Total required
$ 300.000
Rating
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Idea

RoboJuice - this is world’s first Robotics Juice Bar which can make a delicious fresh juice or smoothie in just 30 seconds and do it with culinary excellence.

Current Status

We are a Resident at the Mass Robotics lab in Boston

Where we designed:
A robotics arm drive
A self-cleaning blender for RoboJuice
And a working prototype version of RoboJuice
Received 50+ franchise inquiries and several patent applications

Market

The global market size for juice and smoothies is equal to $15B per year, and the U.S. domestic market size for fresh juice and fresh smoothies is equal to $5B per year.

Problem or Opportunity

Juicing industry has a number of issues.

Traditional style juice parlors, such as Jamba Juice, Smoothie King and others:

To prepare juices, they use frozen fruits (which is not a healthy ingredient)
.
High initial investment - for instance, to open a Jamba Juice location, one has to invest $ 300K and pay an extra $30K as the initial franchise fee. Long-time waiting for an order to be ready. Mistaken or inaccurate orders.

High operating costs: to get the business up and running, you need a lot of manual labor. Labor cuts profits by more than 50%.

Automated juicing tech such as Blendid from San Francisco

They also use frozen fruits
They use expensive robots for automation
A limited menu – Blendid makes only smoothies because making juice is more difficult

Solution (product or service)

Robo Juice can do it better because:
RoboJuice will be affordable for operators. Our kiosks will eventually be offered at the target price of $30K

It takes 10 timeless floor space than traditional juice stations
It prepares juice 5 times faster than other automated juice stations
It will make healthy juices only from fresh ingredients
The robot will remember our customers’ preferences and give them personalized suggestions.
He’s just funny and friendly to chat with him

Competitors

Blendid
Albert

Advantages or differentiators

However, none of them offer a healthy product made from fresh organic ingredients, interactive customer experience, fast preparation speed, and a wide-ranging menu.

Finance

REVENUE MODEL

Robo Juice own location
1 location
16oz: $5 price
1 Day sale: 250 cups
1 Year: $456K

100 locations: $45.6M
1000 locations: $456M

RoboJuice franchise
1 location
16oz: $5 price
1 Day sale: 250 cups
Royalty Fee: 10%
1 Year: $45.6K

100 locations: $4.56M
1000 locations: $45.6M

Business model

B2B: install own kiosks and B2C: install franchise kiosks

Money will be spent on

These funds will go to engineer and install a production version of the RoboJuice kiosk at a San Francisco-based location


Team or Management

Incubation/Acceleration programs accomplishment

Resident at the Mass Robotics lab in Boston

Invention/Patent

Inventor Mikalai SAKHNO
Automated machines for making juice

Application US15/979,841
2017-05-15
Publication of US20180330566A1
2019-11-22

Photos

Photo 1 - RoboJuice.ai
Photo 2 - RoboJuice.ai
Photo 3 - RoboJuice.ai

Product Video

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address