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As the minimum wage is expected to climb again to over $20 per hour in California in 2025 and the annual turnover rate for fast food workers stands at around 150%, the robotization of fast food labor is no longer a futuristic concept – it’s a necessity for survival. Companies that will power this shift are poised for spectacular growth in the coming years. Miso Robotics is aiming for the top position in this transition and its AI-driven French-fry robot, Flippy, could secure that spot. Flippy has already cooked over 3 million baskets of fries in fast food chains like White Castle, Jack in the Box and CaliBurger. Now, with a next-generation Flippy entering the scene this month, you have the opportunity to invest in Miso Robotics at just $4.97 per share as an early investor.
The Food Industry Could Quickly Be In The Hands of Robots
The National Restaurant Association (NRA) has revealed some startling facts about the state of the fast food industry. A staggering 98% of operators say that higher labor costs are a significant issue for their restaurants. At the same time, 200,000 new jobs need to be added to the industry by the end of 2024. That’s not going to be an easy feat and retaining that workforce will be even more challenging, as the annual turnover rate for fast food restaurants averages 150% – which means that restaurants must be hiring almost constantly to land enough people to work in kitchen jobs. Each time a worker quits, the restaurant must spend on average over $5,860 on hiring and training a replacement, according to a recent report from Cornell University. As these costs spiral out of control, restaurants have increased menu prices and, based on this year’s earnings reports, customers are fleeing. It is why fast food chains are urgently bringing reliable robots like Flippy into their kitchens.
Flippy, developed through collaborations with tier-1 partners like Nvidia, Amazon and Ecolab, is designed to prepare crispy French fries with no human intervention. Workers simply push a button and pick up delicious, ready-to-go fries on-demand a few minutes later. Fast food chains are also using it to cook over 20 other fried items. Leading restaurant brands have already introduced Flippy into their kitchens, where the robot has cooked over 3 million baskets to date. By giving restaurants the ability to dramatically reduce both fried food waste and labor costs, Flippy can quadruple profits once set up, which explains why many other chains are showing interest.
The Flippy Revolution In Numbers
Once Flippy is installed in a commercial kitchen, it cuts down labor costs, prevents injuries and boosts efficiency without compromising product quality. Quick-service restaurants are a $1 trillion business and each restaurant that installs Flippy can see a positive margin impact of $10,000 to $20,000 per month. As Miso Robotics secures lease contracts with fast food chains, Flippy has the potential to generate $4 billion in annual recurring revenue for the company. The product has already achieved market fit and now it’s time to scale – that’s where the newest version of Flippy comes into play.
Flippy’s Game-Changing New Generation
The next-gen Flippy targets 170 brands with over 100,000 locations. It is a smarter, faster and smaller version of the current model, leveraging the company’s proprietary MisoAI to “see” better and even perform self-healing. While Flippy represents over 80% of Miso Robotics’ focus, the company is also experimenting with robots that will automate other areas of the kitchen, such as Sippy, an automated beverage dispenser for the drive-thru.
Given Miso Robotics’ strong prospects and fundamentals, it’s no surprise that the company has already raised over $130 million. But for a limited time, you can invest at $4.97 per share, with a minimum investment of $1,003.94.
Invest in Miso Robotics today.
Disclosure: This is a paid advertisement for Miso Robotics’ Regulation A offering. Please read the offering circular at invest.misorobotics.com
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