4.6 • 683 Ratings
🗓️ 24 November 2019
⏱️ 15 minutes
🧾️ Download transcript
Ordermark simplifies online ordering to help restaurants increase profits and lower expenses. Through its technology platform and professional services, the company enables restaurants to easily add and manage multiple third-party online ordering services to maximize their online ordering potential. Customers include hundreds of restaurant brands and many of the world's top restaurant chains. Visit us at ordermark.com for more information
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0:00.0 | launched the company back a couple years ago because his own family deli needed it 2017 to process |
0:04.4 | multiple order inbound order requests from kind of online ordering really making his deli |
0:09.2 | e-commerce friendly now a thousand restaurants are using the same technology he built for himself |
0:13.2 | paying 100 bucks per month so about 100 000 bucks per month right now in revenue that's up from |
0:16.8 | just $1,500 per month a year ago so great growth growth so far, less than 2% logo churn per month, |
0:22.8 | raised about $12.6 million, has a team of about 60 people between L.A. and Denver, spending |
0:27.7 | up to $400 to acquire a customer for a four-month payback. Hello, everyone. My guest today is |
0:34.5 | Alex Cantry runs a company called Ordermark, which simplifies online ordering to help restaurants increase profits and lower expenses. |
0:40.5 | Through its technology platform on professional services, |
0:42.4 | the company enables restaurants to easily add and manage multiple third-party online ordering services |
0:47.1 | to maximize their online ordering potential. |
0:49.8 | Alex, are you ready to take us to the top? |
0:52.3 | Yeah, thanks for having me on the show today. |
0:53.9 | You bet. So I think when most people us to the top. Yeah, thanks for having me on the show today. You bet. |
0:54.6 | So I think when most people think about this kind of thing, |
0:56.4 | they think about maybe like Uber Eats or things like that, |
0:58.7 | tell us how you fit into the overall ordering ecosystem. |
1:02.1 | Sure. |
1:02.6 | So rather than competing with any of the online ordering services, |
1:06.1 | we actually uncovered something while I was working at my family's restaurant in |
1:10.5 | Los Angeles called |
1:11.4 | Canters Deli. We realized that each different online ordering service like Uber Eats, Postmates, |
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