Virtual Dining Concepts

Virtual Dining Concepts, LLC operates as a provider of delivery-only restaurant brands. Founded in 2020 and headquartered in Orlando, Florida, the company was co-founded by Robert Earl and Trish Giordano, with Stephanie Sollers serving as the CEO. The company has completed a total of 2 deals since its inception, with the most recent deal occurring on October 8, 2021. The founder, Robert Earl, has a history in the restaurant industry, although no previous companies are specified.Virtual Dining Concepts specializes in providing delivery-only restaurant brands that transform existing kitchens into revenue-generating facilities. Their core offerings include a range of exclusive, celebrity-backed virtual restaurants that leverage digital storefronts on popular food delivery platforms like DoorDash and Uber Eats. By partnering with brick-and-mortar restaurants, the company enables them to expand their customer base and enhance food sales without incurring significant additional overhead costs. The end use cases focus on helping restaurants increase their weekly income, with partners reportedly generating between USD 400 and USD 9,000 weekly based on operational quality and location.Revenue for Virtual Dining Concepts is generated through partnerships with restaurants that adopt their virtual dining model. The company supports its clients by providing training, marketing materials, and access to a suite of celebrity-backed brands, which facilitates a seamless integration into existing operations. The transaction structure primarily involves revenue-sharing agreements, where partner restaurants pay a fee or percentage of their sales for utilizing these branded offerings. This model encourages greater sales volume while minimizing risk for participating restaurants. They aim to launch new products designed to optimize delivery services and expand their offerings. Additionally, Virtual Dining Concepts is focusing on entering new markets across the United States, targeting states that have shown potential for increased delivery service demand. This strategic expansion is expected to take place in the coming years as the company continues to leverage its digital delivery model.

1. Series A

   Oct 8, 2021

   Amount

   Undisclosed

   Investors

   Locked