Mobile apps have become incredibly popular all over the world. Did you know that during 2013-2017, digital orders at restaurants increased at an average annual rate of 23%. This number is projected to triple by the end of 2020. About 60% of these orders currently come from mobile devices, as the market-research firm NPD Group reports. So, why not use your own restaurant app? Where to find the best restaurant funding? Find answers below!
Restaurants’ Own Apps & Restaurant Funding
In the modern digital world, you can find an app for almost everything. So, why not use an app for a restaurant business? One of the top reasons to start using a mobile app has to do with geofencing and location targeted marketing.
David Portalatin, food-industry advisor at The NPD Group, notes that digital orders won’t stop being an outsized source of growth for the restaurant industry in the years to come. So, to grow, operators should apply a digital strategy.
In fact, the majority of restaurant customers would download a restaurant’s app if they could enjoy exclusive offers and deals time after time. International players like Chipotle, Domino’s Pizza, Mini Bar, Rhino Coffee, and Starbucks have their own applications.
By the way, building an app for your restaurant isn’t something intimidating. You can just turn to a design company and agency to get the best for your needs.
Another highly important issue for restaurants is the access to the necessary working capital. This can’t be a challenge if you work with a trustworthy and experienced business funding provider like First American Merchant.
FAM, a BBB accredited alternative online lender and processor, can easily approve you for the most secure and cheapest restaurant funding. The application is fast and hassle free. Minimum of paperwork and the highest rate of approvals. With the right merchant funding, you can get a mobile app developed for your restaurant business and obtain anything that’s necessary for your business.
Modern Restaurant Business: Mobile Technology
Mobile technology has amazingly evolved in recent years. Let’s focus on the main reasons why you should invest in building a mobile app for your restaurant:
- Increasingly, more people are using their electronic devices to search for restaurants, directions, and hours of operation.
- More customers would pick a restaurant during off-peak times when offered a discount.
- Restaurant technology makes customer experience better.
- Being able to reserve a table online, offer free wifi, as well as online/mobile ordering.
- 6 out of 10 digital orders are made via mobile apps.
- 3rd party restaurant apps, e.g., DoorDash, Grubhub/Seamless, and Uber Eats represent 40% of the 20 most-used apps.
Back in 2106, Deloitte talked about the future of restaurants, noting that restaurant customers needed online ordering, flexible payments, and personalization. All these can grow dining frequency, check size, customer conversion and loyalty.
Today, the number of frequent restaurant visitors ordering online is growing. Restaurant operators state that restaurant technology helps them enjoy more sales, adds to the level of efficiency, as well as grants them a competitive edge. So, it’s high time you started using restaurant technology such as a mobile app to make better strides.