All Day Kitchens is a startup company working to make it easier for a restaurant to reach new segments of a given population, and they have recently raised $20 million to help them do so.
The Problem — and All Day Kitchens’s Solution
New startup business owners, especially those in the restaurant industry, face a problem when they are looking to open a new company location or extend their food service options (both in and out of the store) to new clientele: real estate and property costs. These costs can be substantial and cost-prohibitive to owners of new businesses, but not anymore.
All Day Kitchens aims to put an end to that problem. Restaurants cook their food and send it to their All Day Kitchens location, which prepares the food for distribution. By doing so, restaurants don’t need to open up new locations, they just need All Day Kitchens’s services.
Now, with a new round of funding under the belt of the quickly growing young company, it can get to expansion. The business plans to expand its presence around the San Francisco Bay Area as well as open up new locations in Texas and other areas of California. The startup company hopes that other restaurants looking to cut costs and expand will take up their business.
What Those in and Around the Startup Company Have to Say
George Chen, who is the founder and executive chef at China Live, a restaurant in San Francisco, said that he sees tremendous benefits from using All Day Kitchens’s services.
"Our partnership with All Day Kitchens has allowed us to bring our beloved food and overall brand experience to many more customers who were simply out of reach before," he said. "The team cares about the quality of the food and diner experience just as much as we do at our restaurant. It's a true partnership and the level of hospitality and attention to detail is unmatched."
Ken Chong, who is co-founder and CEO of the startup company, said the pandemic made cost-cutting measures a necessity for small business around the world and that All Day Kitchens is stepping in to fill the gap in services for those who need help.
"When the pandemic hit last year, there was a rush of inbound interest and the team worked hard to help as many restaurant partners grow their digital and delivery business as possible,'' Chong said. "Now with reopening top of mind, the entire industry is looking at building for the modern consumer by incorporating platforms like All Day Kitchens into their strategy."
The Wider Food Service Market
According to Verified Market Research, the global food service industry is expected to take business within it on a steady increase of over 3% from 2018 to 2026, growing from an initial value of $3.1 trillion and arriving at a total business valuation of $4.5 trillion.
All these things considered, it’s clear that the future is bright for food service and that All Day Kitchens could usher in a new way of doing business for low-cost customers.
This story has been updated to better reflect the nature of All Day Kitchens’s offerings.