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It’s a trend with proven staying power.
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After taking off with the pandemic lockdowns, home delivery meals have gained a foothold in the economy.
Even with the lockdowns for the most part lifted, people continue to use home delivery service for the convenience.
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| Grandview Research is forecasting the home delivery food category to grow by an amazing 21.6% annual growth rate over the next seven years.
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Is it any wonder then that Grandview Research is predicting the home delivery food category will grow by 21.6% annually, to $27.3 billion over the next seven years.
And within this fast-growing market, the high-end food delivery segment looks particularly appealing in terms of margins.
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And that’s exactly the niche that Home Bistro (HBIS.OTC) fills.
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This young company is taking the market by storm with meals created by celebrity chefs delivered to your doorstep.
As you’re about to see, this is a business model that has growth written all over it — and you’re hearing about it just as Home Bistro enters the steep part of its growth curve.
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Gourmet Meals Mean Big Profits
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When it comes to home delivery, a big complaint customers have had is that the menu options aren’t exciting enough.
That’s not a problem with Home Bistro. It’s home-delivered gourmet meals make the mouth water just hearing about them. Chef-inspired recipes include:
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• Lemon-Caper Piccata Steak with Roasted Garlic Marbled Potatoes and Tunisian Cauliflower Gratin
• Chianti Braised Short Ribs with Roasted Garlic Marble Potatoes and Brussel Sprouts
• Chicken and Fruit Kabobs with Lemon Caper Piccata Sauce, Risotto, and Brussel Sprouts
• Spicy Harissa Roasted Shrimp with Roasted Garlic Marble Potatoes and Chermoula Cauliflower Gratin
• Lemon-Caper Salmon with Lentil Rice & Brussels Sprout
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Those recipes and more come to your door vacuum-packed for freshness and ready to serve in just five minutes.
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| Home Bistro’s meals are chef-inspired culinary treats, not the ho-hum heat-and-eat fare you’ll get from other meal kit delivery services.
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As you can see, these are high-end meals and definitely not the heat-and-eat frozen fare you’ll find at the grocery store or from other meal kit delivery services.
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Created By Popular Celebrity Chefs
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The not-so-secret sauce in Home Bistro’s recipe for success is its stable of popular celebrity chefs.
These culinary masters not only oversee the items on Home Bistro’s delivery menu, but they also promote the company to their large audiences of loyal fans.
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| Iron Chef winner Cat Cora is featured in Home Bistro’s all-star roster of celebrity chefs.
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Home Bistro’s celebrity chef roster includes:
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• Cat Cora: The first female Iron Chef was the first female chef on Food Network’s “Iron Chef America” and the first woman to win the coveted “Iron Chef” title
• Daina Falk: The creator of Hungry Fans has created a delicious “fangating” menu that draws from Daina’s experience attending tailgating parties at sports events.
• Claudia Sandoval: The winner of the sixth season of “MasterChef U.S.” and judge on two seasons of “Master Chef Latino.”
• Richard Blais: The first winner of Bravo’s “Top Chef All-Stars” and executive chef for the Ember & Rye restaurant at the Park Hyatt Aviara in Carlsbad, Calif.
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• Ayesha Curry: This former host of the Food Network’s “Ayesha’s Home Kitchen” has written two New York Time best-selling cookbooks.
• Roblé Ali: Founder of the Roblé & Co. catering company, Roblé Ali’s has provided his services to celebrities including President Obama, Leonardo DiCaprio, John Legend, Jack Nicholson, the Olsen Twins and Rhianna to name a few.
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This impressive group is just the start — Home Bistro plans to eventually team up with up to 20 celebrity chefs.
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A Successful Food Entrepreneur’s
Next Big Thing
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Another reason to like Home Bistro’s gameplan is CEO Zalmi Duchman.
Duchman has already posted a multi-million-dollar payout for a food company he started from his apartment for just $500.
The accomplishment was so impressive that Zalmi made “Forbes” magazine’s “40 under 40” list.
In Home Bistro, Zalmi sees the opportunity to top that initial success and he’s assembled a team laser focused on growing the company into an eight or even nine-figure business.
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Just Entering The Steep Part
Of Its Growth Curve
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This is a concept that has legs, and the company has $10 million in sales clearly in its sights.
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And the company is also growing through strategic acquisitions and partnerships.
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Two recent ones include the acquisitions of Model Meals, a purveyor of Whole20 and Paleo diet ready-to-eat meals, and a partnership with Perfecting Athletes, one of the leading health and nutrition companies for world-class athletes and celebrities.
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Is it any wonder then that Goldman Small Cap Research recently projected a 12-month target price of $2.40 for HBIS, up 133% from current levels?
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In short, all signs point toward a sizable re-rating for Home Bistro in the next 12-18 months.
If you want to maximize your gains on this fast-moving company, you’ll want to consider building a position in Home Bistro sooner rather than later.
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