2012.07.04 03:31 reddzeppelin a community for people who like to run - very fast
2024.03.17 23:35 thecaptnjim RCAerobatics
2024.03.01 00:08 Any_Direction9726 Sacramento_RC_Racing
2024.05.14 14:25 DutyTop8086 Three Men Charged in Chicago Liquor Store Robbery Spree
https://preview.redd.it/goy3k7m6xd0d1.png?width=680&format=png&auto=webp&s=f1221b5db346ba2e4da6420407a73381bdb04b2f submitted by DutyTop8086 to Yemeni_Chicago [link] [comments] The U.S. Attorney’s Office in Chicago has charged three men in connection with a string of liquor store robberies that took place in Lakeview, Lincoln Park, and Wicker Park on January 15. Federal officials also noted that a fourth member of the crew has since died. Ardaries Harris, 26, Jordan Fox, 24, and Roosevelt Veal, 26, are facing charges of Hobbs Act robbery and using a firearm to commit a violent crime. The identity and cause of death of the fourth man have been redacted from public court files. Details of the Crimes: According to a federal complaint, investigators identified the men through various means, including social media posts, phone location data, recorded jailhouse calls, and surveillance footage.
The federal investigation, led by an ATF agent, highlights the intricate methods used to track and apprehend the suspects, combining traditional investigative techniques with modern technology and social media analysis. To my Yemeni community that still owns or works in this ill-gotten business, please be careful. |
2024.05.14 14:20 GoldPreparation8377 Gps inaccuracy/missing meters during start of run
2024.05.14 14:11 Mobile_Permit Ivan Pashov - The Solar Boss Academy (Download)
Ivan Pashov - The Solar Boss Academy submitted by Mobile_Permit to GroupPurchase [link] [comments] Ivan Pashov - The Solar Boss Academy Reviews: Is it worth it?Hey there, solar enthusiasts! 🌞 Ever thought about running a remote solar business and not sure where to start? Well, you’re in luck. Today, we’re diving into Ivan Pashov – The Solar Boss AcademyHey there, solar enthusiasts! 🌞 Ever thought about running a remote solar business and not sure where to start? Well, you’re in luck. Today, we’re diving into Iv*an Pashov – The Solar Boss Academy. *This course promises to turn you into a Solar Boss, equipped with all the skills and knowledge you need. Let’s break it down module by module and see what’s in store for you!Module 1: Mindset – The Foundation of Your Solar BusinessStarting with the basics, Module 1 focuses on mindset. Ivan Pashov takes you through the fundamentals of running a remote solar business. This is where you’ll tackle any misconceptions you might have about the solar industry. With Ivan’s personal experience from working with hundreds of solar businesses, you’re getting some seriously valuable insights here. It’s all about laying a strong foundation for your future success.Module 2: Setting Up for SuccessNext up, Module 2 is all about getting your business set up the right way. This involves finding the best solar installers (EPCs) and negotiating your “Redline” for maximum profitability. Ivan Pashov really emphasizes the importance of setting your business up for success from the get-go. This module ensures you’re on the right path and ready to thrive.Module 3: Becoming a Solar ExpertThink becoming a solar expert takes years? Think again. Module 3 of Ivan Pashov – The Solar Boss Academy packs in a ton of industry knowledge into a few short days. You’ll learn everything you need to know to become an expert in no time. This module is a game-changer for anyone looking to fast-track their expertise.Module 4: Mastering Solar Phone SellingModule 4 introduces what Ivan calls the Million Dollar skill – solar phone selling. If you want to be location independent and sell in high-demand areas, this is your ticket. You’ll learn the art of selling solar over the phone, maintaining incredible profit margins, and truly becoming a Solar Boss.Module 5: Solar Marketing 101Marketing is the lifeblood of any business, and Module 5 covers it all. From generating leads to building high-converting solar funnels, you’ll get the full rundown. Ivan leaves no stone unturned, ensuring you can run ad campaigns that produce quality leads at the lowest possible cost. This module is pure gold for anyone serious about marketing their solar business.Module 6: Hiring “A” Player Solar RepsBuilding a top-notch team is crucial, and Module 6 shows you how to do just that. You’ll learn how to seek out, interview, and hire “A” players for your remote solar business. With the right team in place, your business is set to soar. Ivan Pashov provides the exact methods you need to build your dream team.Module 7: Building a Strong CultureLast but not least, Module 7 focuses on culture. A strong team culture not only keeps your team members happy but also drives them to work towards your business vision. This module teaches you how to build a culture that people love being part of and never want to leave.Bonus Features – Taking It to the Next LevelBut wait, there’s more! When you join Ivan Pashov – The Solar Boss Academy, you get some amazing bonuses. From a done-for-you CRM setup with Go High Level to automated email and SMS sequences, it’s all covered. You’ll also get appointment setting scripts, sales call scripts, and live call recordings to fine-tune your pitch. Plus, weekly live Q&A calls with dedicated coaches ensure you’re never left hanging.Wrapping UpSo, there you have it! Ivan Pashov – The Solar Boss Academy is packed with everything you need to build and run a successful remote solar business. Whether you’re just starting out or looking to take your business to the next level, this course has you covered. Ready to become a Solar Boss? Let’s go! |
2024.05.14 14:07 ahead-market BTM Q1 2024 Earnings: Revenue Decline and Expansion Efforts
Revenue | $138.5M | -15% |
Gross Profit | $14.4M | |
Operating Expenses | $16.6M | |
Operating Expenses Growth | 23.1% | |
Net Income | $-4.2M | |
Cash and Cash Equivalents | $42.2M |
2024.05.14 14:01 Zappingsbrew A post talking about 400 words
2024.05.14 13:58 zman9119 United Expects Record Setting Start to Summer Travel Season
Airline plans for busiest Memorial Day weekend ever with three million expected passengers – a 10% increase over 2023I am only providing highlights of the press release, as I expect many of you are aware of these benefits. Stats in the image below.
2024.05.14 13:55 Leebhai7 Apple Music Mod Apk 4.7.2 [Premium Unlocked] Free Download Size 48.17 MB
The article delves into the details of Apple Music Mod Apk 4.7.2, a modified version of the popular music streaming app. This comprehensive guide explores the features, installation, and performance of the modded app, along with its compatibility with various devices and the premium benefits it offers. Additionally, it addresses security concerns, compares it with other music apps, and discusses the future of streaming apps. submitted by Leebhai7 to goodmodapk [link] [comments] Key Takeaways Detailed exploration of Apple Music Mod Apk 4.7.2 features and benefits. Step-by-step installation guide and troubleshooting common issues. Comparison of premium features with the original app and other competitors. Discussion on security, privacy concerns, and legal implications of using modded apps. Insights into the future trends and technological advancements in music streaming. Overview of Apple Music Mod Apk 4.7.2 Features of the Modded Version The modded version of Apple Music offers several enhancements over the standard app. These include unlocked premium features, such as unlimited skips, no ads, and access to high-quality audio. Users can also enjoy customized playlists tailored to their tastes. Comparison with the Original App Comparing the modded version to the original, the most significant difference lies in the accessibility of premium features without subscription costs. This version also tends to have more flexible user settings and enhanced personalization options. User Experience Enhancements The modded APK enhances user experience by providing a smoother interface and faster loading times. It also includes bug fixes and performance improvements that contribute to a more stable music streaming experience. Apple Music Mod Apk Step-by-Step Installation Guide Requirements for Installation Before beginning the installation of Apple Music Mod Apk 4.7.2, ensure your device meets the minimum system requirements. Typically, you’ll need an Android version of 5.0 or higher and at least 100 MB of free storage space. Check your device compatibility before proceeding to avoid installation issues. Installation Process To install the Apple Music Mod Apk, follow these steps: Download the APK file from a reliable source. Enable installation from unknown sources in your device settings. Locate the downloaded file in your device’s storage and tap on it to start the installation. Follow the on-screen instructions to complete the installation. Troubleshooting Common Issues If you encounter issues during the installation, consider the following tips: Ensure there is sufficient storage space available on your device. Restart your device and attempt the installation again. Check for any updates to your device’s operating system that may affect compatibility. Exploring the Premium Features Access to Exclusive Content The modded version of Apple Music offers users access to a range of exclusive content that is not available in the standard version. This includes rare tracks, early releases, and special editions of albums. Users can enjoy a richer music experience with content that is uniquely available through the mod apk. Enhanced Audio Quality High-quality audio is a significant advantage of the premium unlocked version. It supports higher bitrate streaming, which ensures that the music sounds clearer and more detailed. This feature is particularly appealing to audiophiles and those who appreciate the nuances in sound. Offline Listening Capabilities One of the most practical features of the modded app is the ability to download songs and playlists for offline listening. This is especially useful in situations where internet access is unreliable or unavailable. Users can: RedMore: https://apkquck.com/apple-music-mod-apk-4-7-2-premium-unlocked/ |
2024.05.14 13:50 threecrow_ Applying to art schools in the US? Please consider SJSU!!
2024.05.14 13:49 ReportsStack Smoke Detector Market Size, Growth & Statistics Report from 2024 to 2030
2024.05.14 13:46 LeftoverGarbage Best IPTV Service Provider in 2024 (Top Subscription)
https://preview.redd.it/0ldg3rihqd0d1.jpg?width=720&format=pjpg&auto=webp&s=1829755b1144b9723cdc4b3dd096cb0e3b32b408 submitted by LeftoverGarbage to iptvspot1 [link] [comments] Choosing a bad IPTV subscription provider could lead to buffering problems, low channel availability, and low compatibility with different devices. You may also attract legal action if the service is pirated. After 140 hours of evaluations and customer surveys, we have curated the list of the top IPTV providers to save you the hassle. I will start the review by covering pricing, features, advantages, and disadvantages to aid your decision-making. As I present this information, my goal is to get you an unbiased review of the best IPTV deal. Best IPTV Service Providers: Top Picks!
4K IPTV SPOT 4K IPTV SPOT is an IPTV provider that offers a unique collection of live TV channels, movies, TV shows, and much more. It allows you to stream content on the external IPTV player, and it has TV channels from 30+ countries. In addition, it also offers 24/7 customer support via chat and EPG support to track the programs. Features
External Player support — Anti-freeze technology — 24/7 Customer Support — Free Trail What We Don’t Like: No Parental Control Visite Website => 4kiptvspot. com IPTV NINJAIPTV NINJA emerges as a premier IPTV service provider, revolutionizing the way users engage with digital content. Offering an expansive selection of over 50,000 channels, this platform caters to a diverse array of interests, including live television broadcasts, sports events, cinematic releases, and serialized T.V. content. Its comprehensive library is thoughtfully organized into various categories, ensuring something for everyone. Beyond its live offerings, IPTV NINJA enriches its users' experience with a robust Video on Demand (V.O.D.) service featuring an extensive catalog of movies and T.V. shows that are regularly updated.Features
Provides a huge collection of content for an affordable price — Anti-freeze technology to enhance streaming — It has a lot of sports channels and sports-related content — Support PayPal Payment What We Don’t Like: The majority of the channels have the Standard quality — Late response from the customer support team Visite Website => IPTV NINJA PTV HIGH TECHIPTV HIGH TECH stands out as a premier choice among IPTV services, boasting an expansive selection of over 20,000 live T.V. channels. Catering to a diverse audience, it provides a comprehensive range of adult content, continuous round-the-clock channels, and an extensive library of movies and television shows. This service is designed to meet the varied entertainment needs of its subscribers, offering a rich and diverse viewing experience.Features
Load Balancing Technology — 4K ultra streaming quality — Free Trial — VPN friendly service What We Don’t Like: No Parental Control Feature — Not Support PayPal These are some of the best and recommended IPTV provider services. With this service, you can choose the specific IPTV provider depending on the requirements. We recommend trying a trial version before choosing the major subscription plan. Also, you can use the best IPTV Player for Firestick to stream the content using the IPTV provider’s URL. If we missed any of your favorite IPTV providers, let us know in the comments. Visite Website => IPTV HIGH TECH IPTV SMART 24IPTV SMART 24 is one of the fastest IPTV providers that contain premium TV channels in the US, UK, Canada, and other European countries. It is supported by many popular IPTV players. And you can stream those contents on SD, HD, and 4K Streaming quality on your Firestick. IPTV Smart 24 support APK and M3U URLs for streaming IPTV content. Additionally, it has an EPG guide to track TV channels and content.Features
What We Don’t Like: No free trial — Does not support PayPal Payment Visite website =>iptvsmart24 What to Look for When Shopping for IPTV?There are various factors that you should consider when shopping for your IPTV service provider:
Important IPTV TermsHere are some Important IPTV terms:
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2024.05.14 13:35 Soninetz VIVAHR Login Made Easy
Looking to streamline your recruitment process effortlessly? Say goodbye to traditional hiring hassles and welcome the future with Vivahr login. Simplify candidate management, optimize hiring workflows, and enhance team collaboration seamlessly. Access a user-friendly platform designed to revolutionize your recruitment experience. Stay ahead of the competition with Vivahr's innovative solutions tailored to meet your hiring needs efficiently and effectively. Experience the power of modern recruiting technology at your fingertips. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Simplifying Login StepsQuick AccessStreamlining the VIVAHR login process ensures quick access for users. By entering your credentials on the login page, you can swiftly gain entry to your account.Navigating through the login steps is made easy for all users. Simply input your username and password in the designated fields to proceed. https://preview.redd.it/o2hzvxqsod0d1.png?width=1260&format=png&auto=webp&s=b9f3a91d5033a8e6f0516eb23289067139866514 Ready to find your next top talent? Get started with VIVAHR's free trial now! 💼 User-Friendly ExperienceThe VIVAHR login interface is designed to provide a user-friendly experience. Once you enter your login details, click on the login button to access your account effortlessly.Ensuring a seamless login process, VIVAHR prioritizes user convenience. By following these simple steps, users can log in without any confusion. Troubleshooting Common IssuesIncorrect Login CredentialsUsers often face issues due to entering incorrect login credentials. Ensure that the username and password are accurately entered.Ensure that the Caps Lock key is not accidentally turned on, as passwords are case-sensitive. Double-check the spelling of both the username and password before attempting to log in. Forgotten PasswordIf a user forgets their password, they can utilize the "Forgot Password" option on the login page. Follow the prompts to reset the password and regain access to the account.Users may need to verify their identity through an email link or security questions to reset their password successfully. Once verified, create a new password following the specified criteria. Account LockoutsIn some cases, repeated failed login attempts can result in account lockouts for security reasons. Contact customer support or follow the provided instructions to unlock the account.To prevent future lockouts, ensure that login information is securely stored and avoid sharing credentials with others. Implement additional security measures like two-factor authentication for enhanced protection. Benefits of Efficient LoginEnhanced ProductivityEfficient login on VIVAHR streamlines the user experience, boosting productivity by reducing time spent on accessing the platform. With quick and seamless login procedures, users can swiftly navigate to essential tasks, maximizing their work efficiency.Improved User SatisfactionA smooth login process not only saves time but also enhances user satisfaction. By eliminating frustrations related to login delays or errors, VIVAHR ensures a positive user experience, leading to increased satisfaction among its users.Time-saving BenefitsThe time-saving benefits of an efficient login cannot be overstated. By providing a hassle-free login experience, VIVAHR enables users to focus on their core responsibilities promptly. This not only saves time but also contributes to a more efficient workflow.Useful Links: Accessing Tools and ResourcesEssential ResourcesAfter logging in to VIVAHR, applicants gain access to a plethora of resources. These include interview scheduling tools, candidate tracking features, and communication platforms. The platform streamlines the entire hiring process.Upon login, users can efficiently manage applicants by organizing their profiles, resumes, and interview notes in one centralized location. The time-saving aspect of having all necessary information at their fingertips enhances productivity. Time ManagementVIVAHR's user-friendly interface allows for quick navigation through the system. By providing easy access to essential tools, the platform minimizes the time spent on administrative tasks. This enables HR professionals to focus more on engaging with potential employees.The availability of automated processes within VIVAHR reduces manual labor significantly. For instance, automated email responses save time by promptly notifying applicants about their application status. Enhancing User ExperiencePersonalized FeaturesEnhance user experience by offering personalized login features tailored to individual preferences. Allow users to customize their profiles with unique settings and notifications.Implement a day-specific login option where users can set reminders or receive daily updates upon logging in. This feature adds a touch of personalization, making the user experience more engaging. User-Centric DesignCreate a seamless and intuitive login process by incorporating sign-in prompts that guide users through each step. Simplify the interface with clear instructions and minimalistic design elements.By prioritizing user-centric design, you can streamline the login experience and reduce friction for users accessing the platform. Ensure that the login page is responsive across all devices for a consistent user journey. Feedback-Driven EnhancementsContinuously gather user feedback to identify pain points in the login process. Implement feedback-driven enhancements based on user suggestions to optimize the login flow and address any usability issues.Closing ThoughtsBy simplifying your login steps and troubleshooting common issues efficiently, you can access tools and resources seamlessly, enhancing your overall user experience. The benefits of a smooth login process extend beyond convenience; they directly impact your productivity and satisfaction. Make the most of these improvements to streamline your workflow and focus on what truly matters.Take charge of your login experience today by implementing the tips provided. Optimize your login routine, troubleshoot effectively, and enjoy the benefits of a seamless process. Your efficiency and satisfaction are within reach—empower yourself to navigate the login process effortlessly and make the most of the tools at your disposal. Take the hassle out of hiring with VIVAHR's job posting platform. Sign up for free now! 💻 Frequently Asked QuestionsHow can I simplify the login steps on Vivahr?To simplify the login steps on Vivahr, follow the clear instructions provided on the platform. Utilize single sign-on options if available to streamline the process further.What are some common issues users face during the Vivahr login process?Common issues during the Vivahr login process may include incorrect password entry, forgotten usernames, or browser compatibility problems. Clear your cache and cookies or reset your password to troubleshoot these issues.What benefits can I expect from an efficient login process on Vivahr?An efficient login process on Vivahr saves you time and frustration, ensuring quick access to essential tools and resources. It enhances productivity and user experience by reducing unnecessary delays in accessing your account.How can I access tools and resources after logging into Vivahr successfully?After logging into Vivahr successfully, navigate through the user-friendly interface to locate and access various tools and resources available to you. Utilize search functions or menu options for quick access to specific features.In what ways does a streamlined login process contribute to enhancing user experience on Vivahr?A streamlined login process contributes significantly to enhancing user experience on Vivahr by reducing barriers to entry, fostering efficiency, and promoting seamless interaction with the platform's features.Useful Links: |
2024.05.14 13:30 dcom-in Abuse-Resistant Location Tracking: Balancing Privacy and Safety in the Offline Finding Ecosystem
submitted by dcom-in to worldTechnology [link] [comments] |
2024.05.14 13:14 Soninetz VIVAHR Pricing: Cost Comparison and Value Analysis
Looking for a seamless solution to streamline your recruitment process without breaking the bank? Curious about how Vivahr's pricing can revolutionize your hiring strategy? Imagine maximizing efficiency while minimizing costs. With Vivahr's competitive pricing plans, you can access top-notch recruitment tools without compromising quality or budget. Ready to elevate your hiring game and attract top talent effortlessly? Dive into Vivahr's pricing options and unlock the gateway to unparalleled recruitment success. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Understanding VIVAHR's Pricing StructureVIVAHR offers four main pricing plans: Starter, Essential, Grow, and Pro. Each plan comes with a range of features designed to streamline your recruitment process and attract top talent to your organization. Let's delve into each plan to understand its offerings better.1. Starter Plan: $89/mo.The Starter plan is ideal for small businesses and startups looking to kickstart their recruitment efforts. Priced at $89 per month, this plan offers the following features:
2. Essential Plan: $119/mo.The Essential plan offers more flexibility and features for growing businesses. Priced at $119 per month, this plan includes:
Most Popular 3. Grow Plan: $179/mo.The Grow plan is perfect for businesses looking to expand their recruitment efforts across multiple locations. Priced at $179 per month, this plan offers:
4. Pro Plan: $279/mo.The Pro plan is VIVAHR's most comprehensive offering, designed for businesses with advanced recruitment needs. Priced at $279 per month, this plan includes all the features of the Grow plan, plus additional functionalities such as:
Choosing the Right Plan for Your BusinessNow that you're familiar with VIVAHR's pricing plans and their respective features, how do you choose the right plan for your business? Here are some factors to consider:
Starting with a Free TrialBenefitsUsers can kickstart their Vivahr experience by signing up for the free plan, which offers a risk-free way to test all the platform's features. This opportunity enables companies to explore how Vivahr can streamline their recruitment process without any financial commitment.DurationThe free trial period lasts for 30 days, providing ample time for organizations to delve into Vivahr's functionalities and assess its compatibility with their hiring needs. During this period, users can navigate through the platform, create job postings, manage applications, and explore the careers page feature.Useful Links: Ease of AccessSigning up for the free trial is simple and straightforward. Users can easily register on the Vivahr website and gain instant access to the platform's tools and resources. This seamless onboarding process ensures that companies can swiftly integrate Vivahr into their recruitment workflow.FlexibilityOne of the key advantages of the free trial is the flexibility it offers. Companies have the freedom to experiment with different features, customize settings, and evaluate how Vivahr aligns with their specific hiring requirements. This hands-on experience empowers organizations to make informed decisions about upgrading to a paid plan in the future.Advantages of Choosing VivahrFull Customer SupportVivahr stands out for its commitment to full customer support, ensuring that users receive assistance every step of the way. Whether it's navigating the platform or troubleshooting issues, help is readily available.The automatic job syndication feature offered by Vivahr simplifies the process of reaching a wider pool of candidates. By automatically sharing job postings across various platforms, companies can attract more qualified applicants effortlessly. Unlimited Culture ProfilesOne significant benefit of using Vivahr is access to unlimited culture profiles. This feature enables businesses to create detailed profiles that reflect their company culture accurately. These profiles play a crucial role in making informed hiring decisions and finding candidates who align with the organization's values.
Final RemarksYou've gained a comprehensive understanding of Vivahr and its pricing options. Starting with a free trial allows you to experience the advantages firsthand, leading you to make an informed decision. Whether you're a small business or a large corporation, Vivahr offers tailored solutions that can elevate your recruitment process. Embrace the efficiency and effectiveness of Vivahr to streamline your hiring efforts and find the best talent for your team.Take action now and sign up for Vivahr's free trial to revolutionize your recruitment strategy. Elevate your hiring process, save time, and make confident decisions in selecting the right candidates. Don't miss out on this opportunity to transform the way you hire! Frequently Asked QuestionsWhat is Vivahr and how can it benefit my business?Vivahr is a comprehensive hiring software that streamlines recruitment processes. It offers features like candidate tracking, interview scheduling, and job posting to save time and improve hiring efficiency for your business.What are the pricing options available for Vivahr?Vivahr provides flexible pricing plans tailored to businesses of all sizes. From affordable monthly subscriptions to customizable enterprise solutions, there are options to suit your budget and specific hiring needs.Is there a free trial available for Vivahr?Yes, Vivahr offers a free trial period for you to explore its features and see how it can enhance your recruitment process. Sign up for the trial to experience firsthand the benefits of using Vivahr for your hiring needs.What advantages does choosing Vivahr offer over other hiring software?By selecting Vivahr, you gain access to a user-friendly platform with advanced tools that simplify candidate evaluation and streamline communication. The intuitive interface, robust features, and excellent customer support set Vivahr apart from other options in the market.How can I make an informed decision about using Vivahr for my recruitment needs?To make the best decision regarding Vivahr, consider factors such as your budget, company size, and specific hiring requirements. Take advantage of the free trial, explore pricing options, and assess how Vivahr aligns with your goals before committing to the software.Useful Links: |
2024.05.14 13:02 Soninetz Supportbench Login: Boost Customer Support Efficiency
Looking for a seamless way to access your SupportBench account hassle-free via the website? Ever wished logging in could be quick and efficient? Say no more! Dive into the world of effortless customer care support with SupportBench login. Streamline your access, manage tasks effortlessly, and elevate your support game. Ready to revolutionize your workflow with just a click? Let's get started! submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Simplify Your Login ProcessUser-Friendly InterfaceAccessing Supportbench login is now easier with a user-friendly interface that enhances navigation. The design focuses on simplicity and efficiency, ensuring a seamless login experience.The intuitive layout allows users to locate the login section promptly. By incorporating clear instructions and visual cues, the process becomes straightforward for all users, regardless of their technical expertise. https://preview.redd.it/xed4lxjzid0d1.png?width=927&format=png&auto=webp&s=80fc59ad28094381ac6640418ac229a012fdb383 Ready to revolutionize your support process? Dive into Supportbench's free trial and see the difference 🎉 Single Sign-On IntegrationSupportbench login now replaces complex authentication procedures with single sign-on integration, offering a more convenient approach. Users can now access their accounts with just one set of credentials across multiple platforms.Boost Team Productivity and EfficiencySeamless AccessStreamline team collaboration through Supportbench login, ensuring all members have quick access to essential tools.Supportbench's login system is designed to provide a proactive approach, enabling seamless entry for all team members. By offering a user-friendly interface, the software enhances the overall business experience. Quick LoginWith Supportbench, team members can swiftly log in to the system, eliminating unnecessary delays. This quick access feature contributes significantly to boosting productivity within the organization.The platform's efficient login process allows employees to focus on their tasks promptly, without wasting time on cumbersome login procedures. By reducing the time spent on logging in, Supportbench empowers teams to be more productive. Intuitive DesignSupportbench's intuitive design plays a crucial role in enhancing efficiency within the workplace. The system's user-friendly interface guides users through the login process effortlessly, further streamlining operations.The software's guide ensures that even new employees can navigate the login process with ease, minimizing any learning curve associated with accessing essential tools. This intuitive design aspect significantly contributes to improving overall operational efficiency. Useful Links: Secure and Seamless AccessRobust AuthenticationEnsuring secure access to Supportbench login involves implementing robust authentication measures. By requiring users to enter their password along with additional verification steps, such as a one-time code sent to their registered email address, the platform enhances security.Cross-Platform CompatibilityTo provide seamless access across different devices and platforms, Supportbench login offers compatibility with various operating systems and browsers. Users can log in from their desktop, laptop, or mobile device without any constraints, ensuring accessibility and convenience.Multi-Factor AuthenticationOne way to enhance security is by implementing multi-factor authentication for accessing Supportbench login. This approach adds an extra layer of protection by requiring users to verify their identity through multiple means, such as entering a code sent to their phone or answering security questions.Enhance Customer Support with AIPredict ChurnSupportbench AI analyzes customer interactions to predict churn, helping in devising proactive retention strategies. By identifying at-risk customers early, companies can take preventive measures.Personalized SupportLeverage AI insights from Supportbench login to offer personalized support tailored to individual customer needs. This enhances the overall customer experience and fosters loyalty.Improve SatisfactionStreamline Support Across ChannelsCentralized IntegrationIntegrate Supportbench login system to streamline support services across various communication channels. This integration simplifies the process for both customers and support agents.Centralizing support through a single platform enables agents to access customer information efficiently. This results in quicker issue resolution and improved customer satisfaction. Consistent ExperienceOffer a consistent support experience by utilizing Supportbench login across all communication channels. Customers receive the same level of service regardless of the channel they choose.By providing consistent support, businesses build trust and loyalty with their customers. This leads to increased customer retention rates and positive brand reputation. Enhanced EfficiencyImprove response times and resolution rates by centralizing support through Supportbench login. Agents can efficiently handle customer queries without switching between multiple platforms.Centralization also allows for better tracking of customer interactions, ensuring that no query goes unanswered or unresolved. Final RemarksYou've learned how to simplify your login process, boost team productivity, ensure secure access, leverage AI for enhanced customer support, and streamline support across various channels. By implementing these strategies, you can revolutionize your support operations. Take action now to integrate these practices into your workflow and witness the transformation firsthand. Your customers will benefit from quicker responses, enhanced security measures, and a seamless support experience. Embrace these changes to stay ahead in the competitive landscape of customer service.Elevate your customer service game with Supportbench - Sign up for a free trial today! 🛠️ Frequently Asked QuestionsHow can SupportBench simplify the login process?SupportBench offers a user-friendly login process with intuitive steps, reducing complexity and saving time for users. By providing a seamless experience, users can access their accounts quickly and efficiently.How does SupportBench boost team productivity and efficiency?SupportBench enhances team productivity by centralizing tools and resources in one platform. This streamlines workflows, facilitates collaboration, and automates repetitive tasks, allowing teams to focus on delivering high-quality support efficiently.What measures does SupportBench take to ensure secure and seamless access?SupportBench prioritizes security by implementing robust authentication protocols and encryption methods. With secure login procedures in place, users can access the platform confidently while maintaining data integrity and privacy.In what ways can AI enhance customer support on SupportBench?SupportBench leverages AI to analyze customer interactions, provide personalized responses, and automate routine inquiries. By harnessing AI capabilities, businesses can offer faster resolutions, improve customer satisfaction, and optimize support processes effectively.How does SupportBench streamline support across channels?SupportBench integrates multiple communication channels such as email, chat, and social media into a unified platform. This consolidation enables agents to manage inquiries from various channels efficiently, ensuring consistent support quality across all touchpoints.Useful Links: |
2024.05.14 13:02 EntireAssistant2795 Layer stack up selection for better signal integrity
2024.05.14 13:00 Soninetz SimpleTexting Pricing: Explore Plans & Options
When it comes to finding the right pricing plan for your business, navigating through cost options and choices can be overwhelming. SimpleTexting offers straightforward pricing that balances affordability with robust features. Say goodbye to hidden fees and complex structures—SimpleTexting keeps it transparent and user-friendly. Whether you're a small startup or a growing enterprise, their pricing plans cater to all needs without compromising on quality. Get ready to streamline your message marketing efforts without breaking the bank with SimpleTexting's pricing options. submitted by Soninetz to NutraVestaProVen [link] [comments] Useful Links: Key Takeaways
Exploring SimpleTexting PlansEstimated Monthly Cost1. Basic Plan: $39.00The Basic Plan is ideal for small businesses or those just starting with text message marketing. It offers a range of features at an affordable price point.2. Additional Fees
Cost Breakdown1. Credits
2. Local Number
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2024.05.14 12:41 davemcl37 DJI rc-n1 . Any limitations?
2024.05.14 12:40 Specialist_Bake6514 Vapiano P3: Italian Food Made in Germany
The kitchen is on fire. Welcome to the final part of the Vapiano story where the tables are turning. In the first two episodes we followed Mark Korzilius' journey from setbacks to founding Vapiano, a groundbreaking restaurant concept, highlighting its fresh ingredients, dynamic atmosphere, and data-driven operations that drove rapid success. While achieving initial profitability and garnering attention from industry giants like McDonald's, Vapiano's global expansion has led to stellar revenue growth. However, it has also resulted in the emergence of numerous side projects (or distractions), operational challenges, increased costs, significant investments, and a notable accumulation of debt. This underscores the prioritization of top-line growth over profitable growth. We will continue on this thread and see how the story ends, but I would encourage you to read part one and two for better context. Vapiano P1: Italian Food Made in Germany (substack.com). Let's dig in. submitted by Specialist_Bake6514 to unpackbusinesses [link] [comments] Before Going Public We are now in 2015 and the year is a disaster for Vapiano's PR department. Employee time stamps are being manipulated, endless overtime for employees and high turnover in managerial roles are reported; mice in the kitchen and even rotten food allegedly found. The company is confronted with allegations of exceeding working hours among trainees in an article published by Welt am Sonntag, while the same outlet accuses Vapiano of manipulating punch times. The auditing firm PwC is commissioned to investigate the allegations and finds that there is no systematic approach but rather misconduct by individual employees, a mistake that’s being corrected. Internal however, investigations into stamp times are carried out regularly now and beyond its obvious reputational impact, this sucks up valuable management time and attention. In the summer of 2015 CEO, co-founder and investor Gregor Gerlach, who has been running the group since 2011 is stepping down and Jochen Halfmann is taking over. A new Vapiano People Program with an App is being developed with the aim to better interact with customers that will incorporate innovate features such as mobile pay. The German website sees a launch of new magazine to further promote the brand and there is now a full inhouse blogger and Instagram team being installed. In October the company buys seven restaurants from original co-founder, former co-investor and ex-president previously responsible for internation expansion Kent Hahne (2x Bonn, 3x Cologne, 1x Koblenz and one in Cologne that’s under construction). This package of Vapiano restaurants is very successful and generates net sales of more than 20 million euros in 2014. Hahne opened his first Vapiano restaurant in Cologne in August 2006 and in 2015 with his company apeiron AG, Hahne operates six L'Osteria franchise restaurants, a direct Vapiano competitor, and two self-owned restaurants GinYuu. Then in November of 2015, the next public relations bomb goes off with allegations regarding the company's quality standards. The company immediately investigates the issue through internal and external specialists but finds no evidence of any quality issues. Nevertheless, knowing that the group is now being closely watched, the company’s already in place hygiene standards are being reinforced. Additional audits and inspections are performed nationally. Further, all Vapianos worldwide are being audited twice by the partners SGS Institut Fresenius and SAI Global. Auditing software is purchased to simplify the implementation of the audits and the resulting measures. Apart from the external examinations, there is a food sampling plan in place being performed continuously. Again, all of this sucks up costs, management time and attention. With all these tumultuous developments the company’s growth engine is undeterred. Revenue grows by a whopping 50 million euros to 202 million euros, an increase of 33%. Impressive. While average spent per customer increases in all countries, the number of customers per day in Germany decreases by 3.3% partially due to the negative press towards the end of the year. Five own, four JV and 19 new franchise restaurants are added that year to the group, the total number of own managed restaurants grows to 51, there are 31 JVs and 84 franchises which bringing the total to 166 Vapiano restaurants. Global restaurant sales are now above 400 million euros. But while revenue grows by an astronomical 50 million euros, operating profits, alarmingly, shrink again. Gross margins are staying perfectly healthy above 75% but operating costs keep growing disproportionately fast. The Company’s outstanding debt jumps by almost 30 million, close to 85 million euros by the end of the year. With operating profits at 9.5 million euros, alarm bells should be going off right now. In Q4 of 2015, new CEO Jochen Halfmann introduces Strategy 2020. The new strategy includes five essential points. One, profitable growth in the newly defined core markets of Germany and Austria as well as in the UK, Netherlands, France and USA. Two, operational excellence through strict “best practice” management. Three, further development and digitalization of the concept considering guest feedback. Four, greater focus on long-term employee retention and five, building a modern and sustainable IT landscape. Sound’s good on paper but let’s see how things pan out. Vapiano's investments (capital expenditures) that year are primarily directed towards new restaurant openings, renovations of existing establishments, and share acquisitions in other Vapiano restaurants from franchisees or JV partners. A significant portion of funds is allocated to the digitalization of the guest experience, including the development of a new app scheduled for market release in 2016 and the implementation of a time recording system across all group restaurants. The world's first standalone Vapiano restaurant with a delivery service that year is built in Fürth, Germany. The company keeps expanding its presence in both inner-city locations and international markets, such as Shanghai, China. To finance all of this, the group has its own operating cash flow which comes in at 18 million while capital expenditures are 26 million euros plus 14 million for acquisitions. The funding gab is filled with 26 million euros of new debt and a seven-million-euro equity raise. At that end of the year and after the equity raise Gregor Gerlach (through his AP Leipzig GmbH & Co. KG entity) holds 30.1%, Hans-Joachim and Gisa Sander through their Exchange Bio GmbH hold 25.5% and the Tchibo heirs, Herz through their Mayfair Beteiligungsfonds II GmbH & Co. KG hold 44,4%. But for the first time the restaurant’s concept that was so successful to date is being questioned. Some customers are starting to mislike the operational flow of the concept itself. If you want pasta, you must queue for pasta. If you want pizza you stand in a different queue. A small side salad, yet another queue. "You spend more time carrying trays than an actress in Berlin-Mitte. The audience in the pasta limbo can only consist of people who have worked for an insurance company for a long time and, like Stockholm syndrome, they can no longer get away from the industrial canteen feeling," writes TV host Beisenherz provocatively. While overly harsh in his assessment he's not entirely wrong judging by customers venting their frustrations in forums and social media channels. It isn’t uncommon for those who ordered pizza to have already finished eating while there is little movement in the pasta queue. Long term that doesn't go down well, QSRs competitors like L’Osteria are handling this process differently, with much success. https://preview.redd.it/6cas01oked0d1.png?width=1200&format=png&auto=webp&s=2da6e0b4bc0e07dbee558de412feb414cd598d4a Tipping PointWhere are now in the year 2016 and things start to deteriorate visibility. Perhaps not for the leman’s eye but any business minded observer can see that there are problems under the hood. Yes, revenue grows yet another whopping 50 million to almost 250 million euros but half of that growth, comes from acquisitions of restaurants that the group didn’t already own 100%, which is now being fully consolidated within the group’s accounts. Here is a concrete example. In the past, Vapiano SE, the group’s top holding company held an indirect 50% stake in a French subgroup via the subsidiary VAP Restaurants SA, based in Luxembourg, and included this as an associated company in the Vapiano SE consolidated financial statements using the equity method. Due to the acquisition of additional shares in September of 2016, Vapiano SE's indirect share in the French subgroup increased to 75%. This means that Vapiano SE takes control of the French subgroup, which is therefore included in the group’s financial statements as part of the full consolidation. The revenue from the acquired subsidiary now recorded in the consolidated income statement amounts to 12.8 million euros. While that’s great for the top line, the loss of the fully consolidated entity equates to 0.2 million euros. Yes, you are buying revenue, but there are losses attached to them, not profits. A similar case is the Swedish entity that runs eight restaurants with revenue of 11.5 million euros but has losses of 235 thousand euros. So much for Strategy 2020 and “profitable” growth.That year the group’s operating profits are absolutely tanking, halving to 3.5 million euros. Operating profits are now a mere 1,4% of revenue. Remember original founder Mark Korzilius who talked about operating margins of 25% to 28% at the restaurant level? Yes, there are overhead costs for the organization that sits above the chain of restaurants, but operating margins that low indicates a course correction is needed. What’s telling is that in the annual report, in the management discussion section, the company starts talking about EBITDA as a proxy measure of profitability, rather than operating profit or net income. This wasn’t the case in the years before. Is this window dressing for an upcoming IPO? EBITDA is short for earnings before interest, tax, depreciation, and amortization. How can you measure profitability of a restaurant chain that absolutely and unequivocally needs capital investment to maintain its restaurant operations, the very source of cash generation, by simply excluding this maintenance charge (depreciation in the income statement)? Vapiano’s own annual report talks about the fact that existing restaurants must be rejuvenated from time to time and that new interior designs have to be implemented every few years. These things wear and tear, they go out of style, kitchen equipment breaks and needs replacement. This business absolutely needs maintenance capital expenditure, why anyone talks of profits before these maintenance costs is beyond me. Fun fact: in the previous annual report EBITDA is mentioned seven times, mostly around restaurant acquisitions and financing, not however as a profit indication for the group. In the new annual report, EBITDA is mentioned 28 times. Maybe it’s just me but belated Charlie Munger liked to call EBITDA: bullsh*t earnings. When in doubt I stick with Charlie. Interestingly, EBITDA for Vapiano keeps growing while operating and net profits keep falling. Operating cashflow for the group that year is about 21 million euros, but capital expenditure is 30 million and acquisitions for subsidiaries another 20 million. To finance these expenditures another 28 million euros of debt and 16 million of equity is raised. Net debt rises above 130 million euro. The operating cashflow of the group before any capital expenditures is 21 million euros. I am not sure free cash flow would be significantly positive after maintenance capex is paid out; it’s not broken out so we can’t be sure. Granted, I am not on the ground during this time, and I am not in the board room, I am simply reading what’s in front of me, but to me this is starting to look like a distressed situation. Regardless, the following year the company goes public. IPOWhere are now in the year 2017 and its Vapiano’s first year as public company. The company’s annual report reads the following “Sales revenue, like-for-like growth (LfL) and the earnings figures EBITDA and adjusted EBITDA are used as the most important financial performance indicators for controlling operational business activities.” The very same report however also says: “The majority of the group's investments regularly go towards opening new restaurant locations and modernizing existing restaurants. The latter are differentiated into regular replacement investments that occur during ongoing operations (Maintenance CAPEX) and fundamental investments in the renovation of a restaurant (Remodeling CAPEX). On average, a restaurant remodeling takes place nine years after opening.” It says it right there in their own report; every nine years a remodeling is taking place. Remodeling and updating is not cost free, so why exclude depreciation charges which reflect capital expenditures? I understand that perhaps you would want to strip out one-off opening costs, that’s fine and fair, but don’t go overboard.The number of restaurants increases by 26 (previous year: 13) to a total of 205. The increase consists of 27 new openings and one closure. Group revenue grows to an astonishing 325 million euros but here comes the shocker, operating profits turn negative to 25 million. Fine, strip out foreign exchange losses of 3 million, IPO costs of 5.8 million and new opening costs of 6.1 million and you still have 10 million euros of operational losses. All the while the debt load of almost 130 million hasn’t materially changed, so those operating losses are before a six-million-euro interest payment. 184 million euros are raised through the IPO of which 85 million go to the company. This money is earmarked for further expansion as the group has ambitions to almost double the footprint to 330 restaurants by the end of 2020. The company is currently not profitable on an operating basis, and still wants to expand aggressively? I don’t get it. The remaining 100 million euros of the IPO money raised is distributed to co-founder Gregor Gerlach and Wella heirs Hans-Joachim and Gisa Sander. The family office of the former Tchibo owners Günter and Daniela Herz with a 44% stake, don’t sell a single share. After the IPO, 32% of all the company’s shares are now in free float. One year later, in 2018, things get even worse. Revenue grows to 371 million, but operating losses mount to 85 million euros, that’s before interest expenses of 9 million. Even the beloved EBITDA figure turns negative, meaning the operating business before any expansionary or even maintenance capital expenditures is loss making. All regions are experiencing significant deterioration in their earnings profiles. Like for like sales are down 1% across the board. That’s revenue, not profitability. The question naturally arises: is the Group approaching its natural saturation point here or this operational by nature? The operating cash flow is now 9 million while financing cost are close to 7 million. That leaves 2 million for maintenance capital for 74 own restaurants and 76 joint ventures ones. Describing this as financially tight, would be an understatement. Things are not looking good at this point. Yet the company still grows restaurants by 26 new sites. 64 million euros are spent on acquisitions, new openings, and maintenance costs, financed through a 20 million-euro equity raise and 72 million of new debt. The Company now has net debt outstanding of over 160 million euros. After the equity raise and by the end of the year 2018, Mayfair owns 47.4%, VAP Leipzig, Gregor Gerlach’s entity owns 18.9% and the Sander couple own 15.5% of the company. Yes, the Sanders and Gerlach may have taken 100 million euros off the table, but they still have substantial skin in the game. Plus, Mayfair hasn’t sold a single share and instead injects more money into the company through the equity round. The stock has now fallen from its IPO price of 23 euros per share to under 6 euros by the end of 2018. Something must be done here. And indeed, there is pivot in strategy and a hard push for change. At last, the management team abandons its aggressive growth plan and curtails new openings significantly. Additionally, the team wants to run a thorough analysis of weak locations to then either discontinue or sell sites. In Europe, the operating focus will be put on corporate restaurants and joint ventures in major cities to ensure the ideal size and location to match the respective demographic target group. Outside of Europe, the franchising business is being expanded and at the same time a consolidation of the existing corporate and joint venture markets is being sought. All future investments will be reviewed to achieve higher rates of returns on new openings. Investments are also being made in the renovation of older restaurants. The goal in the future is to also open smaller formats, like Mini-Vapianos (less than 400 square meters) or Freestander at prominent transportation hubs outside city centers (currently in Fürth and Toulouse) to cater to individual location requirements, and to enter new partnerships. I am not sure why management hasn’t stopped all expansion altogether, bringing the ship in order first, getting profitable, clean up, all hands-on deck before considering any further expansions whatsoever. But again, it’s easy to comment from the sidelines; maybe they saw white spaces that would be covered by competing concepts if they weren’t moving fast and aggressively enough. Although pushing internationally means competing with local players such as Jamie's Italian, Prezzo, Pizza Express, Wagamama, Nando's and many more which brings in its own dynamic. Management also aims to enhance guest satisfaction. This involves refining operational processes, reorganizing the support center, and refocusing on the core offering: providing fresh and high-quality Italian food at affordable prices for a broad audience. The group also aims to reduce waiting times, especially during lunch, while also improving the evening atmosphere. There is even what I would call an evolution, away from Vapiano’s original concept, reorientating the customer journey. The ordering flow is being changed, offering guests synchronized preparations of all dishes while eliminating wait times at the cooking stations. The open show kitchen remains, staying true to original mantra of freshness and transparency but now guests can choose their preferred method of ordering through a mobile app, using a digital order point (kiosk), or by personally placing an order with a waiter. Guests can still freely choose their table and are then informed about the complete preparation of their order through a pager or their smartphone. This is a substantial deviation from the original concept, but a needed one. The group is also exploring and implementing the expansion of take-away and home delivery services but only at suitable locations, not universally across new openings. I am not sure why home delivery is even a priority here; it adds operational complexity. It’s better to clean up shop first and get back to the basics before adding new complexities. To be fair management does try to simplify. There are 49 different permanent dishes on the menu and additional 10 seasonal ones. Customers can choose from eleven different types of pasta. There is simply too much choice, and it makes orders complicated. The company announced to slim the menu down to its most popular and typical Vapiano dishes. There’s no need for an Asian salad at an Italian restaurant. "We have to go back to the roots, i.e. classic, honest Italian cuisine" says COO Everke. Regardless, in November of 2018, the supervisory board pulls the plug on CEO Jochen Halfmann and replaces him with Cornelius Everke. Everke himself has just become COO five months ago. Since 2017 he was responsible for international expansion. From 2011 to 2017 that role was filled by Mario Bauer – put a pin in that name, he’ll play a key role in the groups fate later. Then nine months later, in the middle of 2019, Cornelius Everke quits. He essentially concludes that his skillset and experience in the areas of internation expansion is no longer needed in the foreseeable future. To put it differently: Vapiano has moved from a growth story and has become a restructuring case, and other skills are required for that job. In June of 2019 Everke says the following “(we’ve) made a bit of a mistake when it came to foreign expansion”. No sh#t. Vapiano postpones the presentation of the 2018 annual financial statements three times in the spring of 2019, citing negotiations over an urgently needed loan of 30 million euros. It’s not until the end of May that a binding loan commitment comes through from the financing banks and major shareholders. We are now in August of 2019 and the corona pandemic is just around the corner. Supervisory board chief Vanessa Hall takes over as interim-CEO and things are unravelling. Visitor numbers are declining; originally, it was planned to sell the US business but halfway through the year the buyer cannot come up with the money. But not all restaurants are performing poorly. The group's poor figures contrast starkly as an example with the experiences of the Swiss-German franchisee, who runs six restaurants. The Sodano family in Switzerland pays Vapiano a royalty of 6% of sales for the use of the brand. Enrico Sodano explains in an interview that they operate largely autonomously from the licensor. If an “accident” were to occur, he could immediately replace the Vapiano sign with Sodano, he says. The family concluded the rents and contracts with employees and suppliers independently. The Sodano family have six locations in Bern, Basel and Zurich, around one million guests every year and 350 employees. Things are going well on the ground. The delivery service they’ve built is offering them a second income stream. Expansion into Winterthur, St. Gallen and Lucerne are being planned; small locations with 150 to 250 square meters and an attached delivery service. Originally, Vapiano restaurants used to be huge but for such a large restaurant to be profitable, 800 to 1,000 guests per day are needed. That’s possible in medium-sized cities, but not in smaller towns which is why the Vapiano group now also supports smaller formats. Back to our corporate drama. The 2019 annual report would be the last report the group files. By the end 2019 the outstanding debt of the company is at an astronomical 450 million euros. Revenue has grown by another 7%, produced by four net new openings through two JVs and two franchise restaurants but operating losses come in at 317 million euros. That sound like an absolute shocker at first but depreciation and amortization charges are 345 million, so that operating cash flow is actually positive but unfortunately capital expenditures and interest payments are so large that they are eating up all of the company’s operating cash flow. Then in the beginning of 2020 Corona hits with full force and the world shuts down. As a result of the measures to prevent further spreading of the virus, the group is forced to cease all global business operations (except in Sweden). While all these shutdowns are happening, the group is the middle of negotiating with its lending banks and main shareholders. There are additional financing needs for restructuring measures, even without a pandemic happening in the background. The situation is so dire that the company starts pleading to the German government to roll out the package of financial help more quickly. Unfortunately, it’s to no end. The rapid closure of restaurants and the resulting lack of operating cash inflows in conjunction with the additional financing requirements, lead to the company’s final knockout punch. In April of 2020, the Vapiano group officially files for insolvency proceedings. The end of an era. New BeginningsBecause of the pandemic, the majority of the group's subsidiaries in Austria, the Netherlands, Denmark, the United States, Sweden, and China also file for insolvency or seek liquidation. The US business never gets sold in the end and is wound down. In the summer of 2020, significant group divestments occur, including the sale of 75% shares in the group's French subsidiaries, shares in franchisor companies, Australian subsidiaries, German subsidiaries, associated companies, self-managed restaurants in Germany, and insolvency-related sales in the Netherlands, Great Britain, and Sweden. The buyer of the Vapiano brand and one of these bundles of Vapiano restaurants is company named Love & Food Restaurant Holding, a consortium led by Mario C. Bauer – a name I told you to remember. Bauer was a former Vapiano board member and led the national and international expansion, opening 200 sites in 33 countries from 2011 to 2017 until he was succeeded by Cornelius Everke. Bauer didn’t feel comfortable with the IPO at the time but clearly has a lot of managerial and entrepreneurial talent.The buyer consortium is an absolute A-Team comprised of European QSR top league hitters, including the founder of the Pret A Manger chain Sinclair Beecham; Henry McGovern, the founder and Ex-CEO of the giant international restaurant and foodservice operator AmRest; the Van der Valk Family that runs hotels and Vapiano restaurants in the Netherlands, and co-founder and ex-CEO Gregor Gerlach. The acquisition value is 15 million euros and entails 30 Vapiano restaurants in Germany, albeit that’s just the purchase price which comes on top of any capital investment needed to refresh and return the sites to its former glory. Nevertheless, just as a thought experiment, if you can get each site to 2 million euros of revenue and 400,000 euros in operating profit on average, which wouldn’t be an overly aggressively assumption given the company’s history, you’ve got yourself a package that can deliver restaurant-level operating profits of 12 million euros or more. It’s not disclosed how much capex was needed to refresh the operations, just that fact that the overall investment plus purchase price was a middle double-digit million-euro figure. Stil, it probably was a decent purchase. The same consortium buys Vapiano’s French business for 25 million euros just two weeks prior. After the transaction concludes, the master franchise is given to Delf Neumann and his Gastro & Soul GmbH. Neumann is an experienced operator, and he is ambitious to revitalise the brand with new services and products. For example, instead of pizza, the restaurants will be serving pinsa - a flatbread made from sourdough, wheat and rice flour, topped similarly to a pizza. It targets a more health-oriented customer base looking for a less calory heavy option. The menu overall is expanded by including a variety of vegan and vegetarian dishes. https://preview.redd.it/kpt7ea6red0d1.png?width=1242&format=png&auto=webp&s=c9930ced85ee364e9df414547cae06b47a03fc19 Today Neumann’s Gastro & Soul GmbH operates 18 Vapianos on its own account and has 29 franchise sites, amongst other brands. By the year 2021, Vapiano operates 191 restaurants in 34 countries. This is around 50 fewer sites than before the bankruptcy. The number of branches is particularly thinned out in Germany – from 80 to 55. Nevertheless, Vapiano's home country remains by far the largest market, followed by France with 35 restaurants and Austria with 15 locations. “We have shrunk ourselves to health,” says Bauer in the aftermath and there is no further shrinking planned. Quite the opposite, the smell of expansion is in the air again – pun intended. Not as aggressively as before and with a new menu and ordering process. Overall, the team around Bauer is filled with industry experts with knowledge and networks gained over decades who have a great track record, a long-term view, and the staying power to let Vapiano breath and finds its way back to success. The pressure of being a public company with all the associated quarterly, half-year and yearly disincentives have been removed. The menu is changed and extended with new types of pasta and sauces with significantly more vegetarian and vegan dishes available. Guests can order with restaurant staff, at terminals or on their phones and there are barcodes attached to the tables identify the respective seat. The food is brought to your table, all at the same time if you are in a group, no more annoyances with waiting in line. There is a plan for smaller, 350 square meter locations, with half the number of guests and significantly fewer staff and less set-up costs required to make the economics work. Locations that capitalize on remote work and increased demand for local lunch options, higher population density with shorter delivery routes and therefore cost-effective in house delivery services are targeted. And Bauer is testing the concept of ghost kitchens, which operate without a dining room or service staff, focusing solely on preparing food for delivery services, which for obvious reasons have a very different operational set up and footprint. Original founder Mark Korzilius however is not entirely convinced. He is not a fan of the pinsa for instance and he considers Vapiano's pizza as its cash cow, flagship product and believes that the core Vapiano proposition of Pizza, Pasta, Bar that has given the company its original success is being diluted. He instead admires the competitor L'Osteria, saying they’ve done a better job by focusing on Italian classics, especially the impressively large pizzas that sticks out beyond the plate is leaving every customer in awe. The guys who run L’Osteria are the same guys who have built Vapiano with him in the first place. Bauer on the other hand, like a true business leader, remains undeterred, stating that he is frequently asked whether Vapiano's restart was bold or foolish. He believes in entrepreneurship, franchising, in his experienced fellow partners and importantly the Vapiano concept. By the year 2024 you can find over 140 Vapiano branded restaurant in 27 countries across the globe, including locations far away from its birthplace like Australia, USA, Columbia, Chile, Bahrain, and Saudi Arabia. And why not? Italian food is, and will remain to be, incredibly popular. Vapiano offers fresh and tasty food at affordable prices in a good atmosphere. This combination of attributes should attract a lot of customers. It certainly has in the past. For more stories: WIP Thomas Weitzendoerfer Substack |
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2024.05.14 11:42 Organic-Oil-6999 Crack IIT-JEE or NEET in Delhi: Choose Vidya Hub Coaching
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