Apr. 29 at 3:38 PM
$BEOLF Pt 1.
digging into these numbers more and it’s not quite making sense to me.
Don’t have great data but in 2012, US fast food restaurants were producing ~5,000L of oil waste per year. More recently, UK McDonald’s report producing <1,000L.
The annual net savings used in the investor presentation assumes restaurants with 4 fryers are replacing 12,000L per year.
I’ve seen estimates that half of the oil used gets soaked into food, the other half is waste. So perhaps their cost estimates are the total spend on oil, but that isn’t accurate considering they can only reduce the cost on waste.
Assuming 5,000L, the oil waste is
$10,000. The annual cost of using one packet a day is
$10,080.
The only redeemer is that they assume
$1.95/L, and AI says retail bulk is ~3.00/L? Still, it seems a stretch to assume any restaurant would save money on oil alone. They claim 30hrs of labor saved/month and storage/health improvements. Perhaps that will be enough to get customers.