Tablz 🍽

choose your own table

June 21, 2022

setting the scene

  • you arrive at your favorite restaurant for the birthday dinner you booked months ago 🎉

  • you follow the host to your table, located at the back of the restaurant, next to the bathroom and under an AC vent 🤬

  • after requesting to move, the host brings you to the only other available spot

    • you’re now in the middle of the restaurant where the noise prevents you from hearing the person across from you 🤦‍♂️

  • this week’s company assures that you have the perfect table for your special day

in a sentence

Tablz is a restaurant booking platform that allows diners to reserve specific tables through a 3D view of the restaurant

  • reserve: restaurants can charge for high-demand tables

  • 3D: virtually browse the floor plan through an immersive view of the dining room

bulleted version: similar to how concert tickets vary based on location in the venue, restaurants can now charge more for that spot with an open kitchen view 👩🏽‍🍳

the basics

Tablz

due diligence

what we like

  • 🤝 creating revenue: as restaurants face decreased occupancy, rising supply costs, and low profit margins, any additional revenue goes a long way

    • Tablz provides their service for free and takes a cut of table selections

  • 💥 pricing revolution: dynamic pricing has become the norm across industries (airplanes, concerts, ridesharing, hotels), and the restaurant industry is next

    • we are already seeing a shift, as 19% of diners want to choose their table

  • 📲 integrating instead of replacing: Tablz works alongside existing reservation systems like OpenTable and Resy

potential risks

  • 💲consumer disengagement? will diners be receptive if booking a restaurant starts feeling like buying a plane ticket?

  • 🗺 3D mapping: Tablz currently outsources the digitization of dining rooms with Matterport; providing this service in-house will provide better margins

  • 📉 the state of the market: in an economic downturn, individuals are more likely to save where they can; will this impact the company's expansion plans?

weekly cartoon

sponsored by

  • one of the most difficult jobs for chefs and restaurant owners is managing orders from various suppliers 

  • Choco provides a streamlined ordering platform allowing restaurant owners to save time, cut costs, and eliminate errors leading to food waste

  • interested in joining the foodtech unicorn disrupting the global food industry? good news, they’re hiring

founder profiles

comps

why Tablz: we've seen dynamic pricing touch nearly every industry; Tablz sits on a massive opportunity to disrupt the restaurant industry

so...would you invest?

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