Listing Id: 26690
Total Views: 3577
(Sold) Singapore's First Ever In-Car Convenience Store Concept
Central Area
Date Closed: 24/02/2023
Asking Price: Price On Request
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Net Profit
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Stock
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Direct Seller
Reason For Sale
Service halted on May 2020 when nationwide lockdown affected the ride-hail sector.
Description
In 2019, we conceptualised an entirely new retail medium ; mini-convenience stores located inside Ride-Hail vehicles. We successfuly built the entire tech-stack with a team of 5 engineers and launched a pilot with 50 rideshare driver partners in March 2020. The pilot was halted on May 2020 when the nationwide lockdown affected the ridehail sector and we started offering software-development services for cashflow.
How does Lemon work ?
- Passengers : No signup/downloads, simply scan the QR in the car, select items & pay.
- Drivers : Earn 20% of each sale along with tips & bonuses. Free inventory restocking
- Brands : Gain more reach through in-store ads & a highly scalable distribution network.
Revenue Streams:
- In-app advertising
- Product sampling distribution channel
- Direct sales from goods
Key metrics:
- Every mini-store in a car was exposed to 7 passengers daily on average
- We had a reach of 10000+ passengers during our pilot with $0 in marketing spend (our stores market themselves!).
- We had a 14% sales conversion rate during our pilot and churned $4k in revenue/mth.
Live Demo (View on mobile) : https://bit.ly/lemonlivedemo
Pitchdeck: https://bit.ly/lemonpitchdeck
Singapore