Tony, with all due respect..
I've read your Weban analysis full of Mickey Mouse math,
I think the numbers are self-serving.. I forget the name of
the British counterpart, but they are huge and growing..
Anyways, I appreciate your opinion..
And just to let you know.. The drivers I have encountered
are not "zit covered teens", but well paid Fed/x-ish type
delivery people, very polite and professional.. And efficient.. All of my groceries are grade A, and as long as
I spend more on the order than I would at a nice dinner, the
delivery is free, no extra charge nuless under $50 or $75.
The vegetables and fruit was as fresh as any I've seen in
any normal grocery store, if not better.. Besides, I buy
fresh produce at the market, not my dime store grocery store. The delivery person brings all groceries straight
onto your kitchen counter, unless you specify otherwise.
I dount the drivers are making $20-30/hour, but probably
around $15-25. The average delivery distance cannot be 10
miles, they stock refrigerated vans that can make multiple
deliveries in any area, and as business grows, this will become even more efficient. I have no idea how many deliveries can be made in an hour, but 3-4 sounds fair.
The current market cap may be exaggerated, but I believe this is a looong time investment, only for the patient.
Lastly, it IS a tight margin business, but it IS a profitable one I believe.. There are lots of industries
with miniscule margins, but people make money..
Nuf said.. BTW - no reply to my email yet..
Have fun! |
