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October 4, 2022


September 30, 2022

The food service industry is known for its high overhead costs, low profit margins, and demanding customer service. Restaurants and kiosks are both very limited by their location, labor requirements, and turnaround times.

Speedy Eats is one of the few companies developing automated technology designed specifically for the restaurant industry. Their mission is to revolutionize the food service industry by creating automated kitchen units to bring convenience back to a hot quality meal.

CEO and Founder Frederic “Speed” Bancroft designed the first fully automated drive-thru kitchen. His system works by cutting out most of what holds back a fully staffed restaurant: long lines, slow cook times, and overwhelmed staff. Each unit uses advanced technology and intelligent software to learn customer traffic patterns, so food is ready when it’s needed – virtually eliminating food waste.

Speedy Eats’ patented automated technology allows operators to customize their menus to offer entrees, side dishes and drinks. Customers can stop by an easily accessible Speedy Eats on their way home from work. Since Speedy Eats kitchens are designed to be stand-alone restaurants, customers may not even need to leave their company parking lot to find one on their way home from work. They can be placed almost anywhere with empty space, spaces such as bus/train stations, theme parks, airports, music events, and other underutilized locations.

Customers can order via their smartphone at a Speedy Eats location or place a request via third-party delivery services. What attracts new investors to their StartEngine campaigns? These custom designed automated kitchens can be placed almost anywhere. What used to be an empty parking lot can now be turned into a profitable business – one that can be run by one part-time employee. One operator can run several restaurants alone, eliminating any need for staff and greatly reducing overheads.

Speedy Eats’ equity crowdfunding campaign is currently active on StartEngine. They have already attracted the attention of several new investors, and welcomed more than 208 early shareholders. Since the start of their campaign, they have raised over $335,533. Investors find Speedy Eats’ automated kitchen units attractive for their ability to combine neglected real estate with modern technology to create a profitable space from what was an empty lot.

The quick service restaurant market was estimated at $296.55B in 2021, while the food delivery business is worth $126B. Speedy Eats aims to capitalize on both, and their units can be placed in strategic locations so delivery drivers don’t even need to get out of their vehicles.

Speedy Eats will manufacture and sell the units to operators for about $120K each, while licensing the software as a monthly SaaS subscription. Speed ​​​​Bancroft believes that each unit will provide a one-year rate of return for the automated kitchen


You can learn more about Speedy Eats by visiting their add page on StartEngine or by checking out their website.