BJ Venture Capital
Grab & Go Ltd.
November 29, 2013
Grab & Go Ltd. 3760 W16th Avenue Vancouver, BC V6T 1Z4
BJ Venture Capital
Vancouver, BC V5J 2W7
Dear Ms. XXX,
We are writing to you regarding potential investment from BJ Venture Capital for our current business venture named “Grab & Go.”
Grab & Go is a smartphone application that allows consumers to pre-order fast food and drinks for pickup at specific times and locations. This application is designed to revolutionize the fast food and the coffee and snacks industry by bringing the ultimate convenience to consumers and increased sales to food and drink retailers.
We are planning to partner with popular chain retailers, such as Starbucks and McDonald’s in the upcoming five-year operation. Grab & Go will allow users to choose and pay for their meals ahead of time, select a pickup time and simply scan the after-payment QR code on their phones in a separate Grab & Go line at the pick-up location to receive their completed order. Grab & Go will accept various methods of payment, including credit cards and store-specific gift cards such as the Starbucks Gold Card.
Grab & Go will begin by targeting time-restrained University students and professors in the lower mainland area, and expand to other popular districts, such as downtown Vancouver to serve even more busy individuals. By taking seven percent commission fees from food retailers on every order transaction via the phone app, Grab & Go expects to generate more than seven million dollars of income within five years.
We expect Grab & Go will expand quickly in the market and foresee high profitability in the near future. In order to fully develop, maintain and market the app we will need help from potential investors like you. We have provided you with a detailed business plan attached below. Please feel free to contact us if you...