Meals
The business is a prepped meal service for seniors, where prepared, nutritionally-balanced meals are delivered to seniors who have trouble cooking for themselves, at a cost-effective price. The industry is at the intersection of food service and senior care. The core competencies that drive the business are in the efficient preparation of food. The difference is that we are targeting seniors who live on their own, a market not reached by institutional food service providers.
The industry has existed for a number of years, and as of 2013 was estimated to be worth $1 billion annually (McDill, 2013). This is a niche market, catering primarily to seniors with ample disposable income, but without either the ability or inclination to prepare their own food. Some simply have never prepared much of their own food, while others are more in a position where they can no longer regularly and reliably cook for themselves. The industry is divided into a number of niches, of which the seniors market is one of the biggest. This market has high demand and loyalty among seniors with specific dietary requirements (dieting and diabetes are a couple of the bigger ones). The benefits to the consumers are that they no longer need to worry...
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