We profit from selling cooking robots and charging subscription fees.
MiFood Tech is developing intelligent cooking robots that fit the needs of Chinese restaurants in the U.S. We are researching and developing an automated cooking wok, including a turbo cooking wok and tossing cooking wok. Later, we plan to develop automatic chopping machines and dish-serving machines integrated with Internet of Things.
Software will also be developed to connect and program the intelligent hardware together and to manage orders from dine-in and take-out.
We will sell the automated kitchen solutions to Chinese restaurants in the U.S. According to customers’ needs and wants, we can customize our products to meet customer satisfaction. The price of an automated cooking robot will be between $6,000 to $12,000, based on the analysis of our competitors’ prices. The cost of manufacturing the robot is 35% of the sale price. The managing software is charged by subscription. We plan to charge $99 per month to our restaurant customers.