January 5Ć5 Night at Start Garden
Voting Closes:
January 20, 2025 11:59 pm
Impact
We are predicting that the Malamiah Smoothie Box will yield a "juicy" 60-70% profit margin. This concept will allow us to reduce produce waste at Malamiah Juice Bar by being able to freeze products, get more of Malamiah into the bellies of those located outside of Grand Rapids and help everyone who desired to eat/drink health, the ability to do it quick and conveniently with a trusted brand with almost 9 years of experience.
What I'll do with $5,000
Being that this is the 5x5 All Stars Pitch Competition, the prize money is $10,000. If selected as the winner, we will be able to launch the first round of the Malamiah Smoothie Subscription, locally within a 1 day delivery timeframe via FedEx or UPS. We estimate the following costs, to turn this idea into reality:
-Product Design: $500
-Product Testing: $500
-Large Freezer: $2000
-Dry Ice Freezer: $500
-Packaging: $1000
-E-Commerce Website Buildout: $3000
-Produce Sourcing: $1000
-Contingency: $1500