Nightfood Holdings Inc.’s (NGTF) Subsidiary Fulf
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Posted On: 11/04/2024 3:56:13 PM
Nightfood Holdings Inc.’s (NGTF) Subsidiary Fulfilling Existential Need Across Hospitality Ecosystem
- Excessive operating costs contribute to high failure rate among new hospitality businesses, with many closing their doors within the first five years.
- The single biggest challenge for hospitality operators is skyrocketing labor costs and an inability to find available, reliable employees.
- Nightfood Holdings’ Future Hospitality Venture’s Robotics-as-a-Service model enables businesses a lifeline in the rapidly changing environment.
Starting a restaurant or hotel demands a substantial initial investment, creating significant barriers that many entrepreneurs find severe. However, those who fail to embrace automation face obsolescence in an increasingly cutthroat market. Integrating robotics in hospitality not only liberates businesses from extinction due to being unable to compete with those that successfully transition, but it slashes operational costs and allows for efficient handling of repetitive tasks. Nightfood Holdings (NGTF) and its subsidiary, Future Hospitality Ventures Holdings Inc., are making expensive automation attainable for operators in the hospitality sector, helping businesses adapt before it’s too late.
Costs to enter the hospitality space include acquiring a location, licenses, equipment and supplies as well as labor expenses, quickly adding up to a significant financial burden. Because the industry is labor intensive, many new establishments find themselves unable to afford the staff needed for competitive service, especially during peak hours. Additionally, rising minimum wage standards, particularly in states such as California, New York and Washington, have further impacted labor costs, making it impossible for many new ventures to turn a profit. This economic reality contributes to the excessive failure rate among new hospitality businesses, with many closing their doors within the first five years.
Enter the world of robotics. With today’s nature, this technology is not just a look into what is to come but offers the only solution to problems hospitality businesses cannot control. Additionally, kitchen robots can streamline food preparation, increasing efficiency and reducing the number of small issues that ultimately hurt businesses over time. Using service automation eliminates the fluctuations and uncertainties inherent in a gig-based labor force.
However, the set-up costs involved include not only the robots themselves but also the necessary software, installation and ongoing maintenance. As a result, many smaller enterprises face a life-and-death dilemma.
Robotics-as-a-Service (“RaaS”) offers a flexible alternative, enabling businesses to adopt robotics without excessive upfront expenses. With RaaS, businesses lease or subscribe to their automation solutions, paying a monthly or usage-based fee rather than buying the expensive equipment outright. This model allows businesses to access the benefits of robotics while maintaining liquidity and their overall livelihood.
Nightfood Holdings’ subsidiary, Future Hospitality Ventures, has made the RaaS model accessible across the hospitality sector (https://nnw.fm/3xFe4 ). Recently, Future Hospitality launched a line of robotic solutions targeting smaller operators, including restaurants and hotels. The company’s highly profitable RaaS business model integrates automation systems that are designed to seamlessly plug into existing operations, allowing businesses to automate customer service and back-end processes. This technology can be especially transformative for smaller businesses struggling with tight margins, as robots can perform repetitive tasks consistently and cost-effectively.
The subsidiary is working to build partnerships with franchises and institutional service providers, signaling an expansion into a wide range of establishments that need automated services. With a plug-and-play approach, Future Hospitality Ventures enables operators to adopt robotics quickly, providing access to the latest tech without the costs typically associated with automation systems.
Rapidly changing technologies do not wait for businesses to catch up. Nightfood enables hospitality operators a crucial lifeline during this time of tectonic transition. Through Future Hospitality Ventures, Nightfood is providing the technology hospitality operators need to survive in the coming years.
Nightfood Holdings is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the consumer goods, hospitality and food service sectors. The company’s mission is to create outsized upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for its shareholders.
For more information, visit the company’s website at https://nightfood.com
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- Excessive operating costs contribute to high failure rate among new hospitality businesses, with many closing their doors within the first five years.
- The single biggest challenge for hospitality operators is skyrocketing labor costs and an inability to find available, reliable employees.
- Nightfood Holdings’ Future Hospitality Venture’s Robotics-as-a-Service model enables businesses a lifeline in the rapidly changing environment.
Starting a restaurant or hotel demands a substantial initial investment, creating significant barriers that many entrepreneurs find severe. However, those who fail to embrace automation face obsolescence in an increasingly cutthroat market. Integrating robotics in hospitality not only liberates businesses from extinction due to being unable to compete with those that successfully transition, but it slashes operational costs and allows for efficient handling of repetitive tasks. Nightfood Holdings (NGTF) and its subsidiary, Future Hospitality Ventures Holdings Inc., are making expensive automation attainable for operators in the hospitality sector, helping businesses adapt before it’s too late.
Costs to enter the hospitality space include acquiring a location, licenses, equipment and supplies as well as labor expenses, quickly adding up to a significant financial burden. Because the industry is labor intensive, many new establishments find themselves unable to afford the staff needed for competitive service, especially during peak hours. Additionally, rising minimum wage standards, particularly in states such as California, New York and Washington, have further impacted labor costs, making it impossible for many new ventures to turn a profit. This economic reality contributes to the excessive failure rate among new hospitality businesses, with many closing their doors within the first five years.
Enter the world of robotics. With today’s nature, this technology is not just a look into what is to come but offers the only solution to problems hospitality businesses cannot control. Additionally, kitchen robots can streamline food preparation, increasing efficiency and reducing the number of small issues that ultimately hurt businesses over time. Using service automation eliminates the fluctuations and uncertainties inherent in a gig-based labor force.
However, the set-up costs involved include not only the robots themselves but also the necessary software, installation and ongoing maintenance. As a result, many smaller enterprises face a life-and-death dilemma.
Robotics-as-a-Service (“RaaS”) offers a flexible alternative, enabling businesses to adopt robotics without excessive upfront expenses. With RaaS, businesses lease or subscribe to their automation solutions, paying a monthly or usage-based fee rather than buying the expensive equipment outright. This model allows businesses to access the benefits of robotics while maintaining liquidity and their overall livelihood.
Nightfood Holdings’ subsidiary, Future Hospitality Ventures, has made the RaaS model accessible across the hospitality sector (https://nnw.fm/3xFe4 ). Recently, Future Hospitality launched a line of robotic solutions targeting smaller operators, including restaurants and hotels. The company’s highly profitable RaaS business model integrates automation systems that are designed to seamlessly plug into existing operations, allowing businesses to automate customer service and back-end processes. This technology can be especially transformative for smaller businesses struggling with tight margins, as robots can perform repetitive tasks consistently and cost-effectively.
The subsidiary is working to build partnerships with franchises and institutional service providers, signaling an expansion into a wide range of establishments that need automated services. With a plug-and-play approach, Future Hospitality Ventures enables operators to adopt robotics quickly, providing access to the latest tech without the costs typically associated with automation systems.
Rapidly changing technologies do not wait for businesses to catch up. Nightfood enables hospitality operators a crucial lifeline during this time of tectonic transition. Through Future Hospitality Ventures, Nightfood is providing the technology hospitality operators need to survive in the coming years.
Nightfood Holdings is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the consumer goods, hospitality and food service sectors. The company’s mission is to create outsized upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for its shareholders.
For more information, visit the company’s website at https://nightfood.com
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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