5-Out utilizes machine learning and predictive analytics to forecast restaurant sales and optimize labor and purchasing decisions. By integrating existing systems, it enables restaurants to enhance profitability through data-driven insights with up to 98% accuracy in sales predictions.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Restaurants often struggle with inaccurate sales forecasting, leading to inefficient labor scheduling, over- or under-purchasing of inventory, and ultimately, reduced profitability. Traditional methods rely on guesswork and fail to account for the complex interplay of internal and external factors that influence demand.
Solution
5-Out provides a machine-learning platform that forecasts restaurant sales with up to 98% accuracy, enabling data-driven decisions around labor and purchasing. The system integrates with existing point-of-sale (POS), labor scheduling, and inventory management systems to ingest historical data and external factors like weather, events, and social media trends. Using real-time predictive intelligence, 5-Out recommends optimal staffing levels and purchasing actions to maximize profitability and minimize waste. The platform also generates automated prep lists, breaking down exactly how much of each menu item restaurants will sell at opening, peak, and closing.
Target Audience
5-Out targets restaurants of all types, including quick-service restaurants (QSRs), fine casual, fine dining, ghost kitchens, food halls, and bars/cafes.
Features
- Integrates with existing POS, labor scheduling, purchasing, and inventory systems in as little as 5 minutes
- Real-time sales predictions with up to 98% accuracy, up to 21 days in advance
- AI-powered recommendations for staffing and purchasing based on predicted sales
- Automated prep lists, breaking down exactly how much of each menu item restaurants will sell at opening, peak, and closing
- Lookback reports tracking weekly and daily performance and forecast accuracy
- Real-time monitoring and alerts for opportunities to optimize labor and purchasing
- Smart Pars feature to optimize prep and purchasing