Tabundle

1. Tabundle
patent pending
Chuck Svirk & Matthew Valich

2. 4 Problems
 Patrons opening and closing a tab multiple times on
the same card
 Unnecessary charges in fixed credit card fees
 Wasted efficiency closing the batch at the end of the
night
 Multiple receipts per patron
 Restriction of sales on smaller priced menu items

3. The Solution
 Tabundle’s software
 Seamless integration through the POS API
 Software identifies credit/debit cards that have been swiped
more than 1 time
 Patent Pending algorithm initiates the aggregation of
transactions
 The latest transaction waits in a queue until the end of the
night to be processed
 Result:
 1 transaction per patron = 1 fixed fee
 Transactions are processes as one at a later time
designated by the merchant

4. The Solution Process
 MICROS Flowchart: Aggregated Charges Before
Batch
 Patron orders
 Merchant swipes card and performs preauthorization
 Software detects card in MICROS system
 Software closes previous sales ticket to $0.00 cash
 Software adds items from first sales ticket to new sales
ticket with latest order
 Software leaves sales ticket open in MICROS

5. Case Study: Symphony 8
 $850,000 in 2010-2011 revenue
87% from credit/debit sales
 WorldPay (Payment processing company)
1.5% of sale + 32¢ per transaction
3,200 credit/debit transactions per month
 $30,000 in credit/debit fees
$12,288 in fixed fees
 Average cost per month = $1,024

6. Case Study: Symphony 8 cont’d
 2.5 transactions per patron using same card
3,200 / 2.5 = 1,280 patrons per month
 If there was 1 transaction per patron
1,280 patrons * 32¢ = $410
 Difference in amount saved = $614
 $614 * 12 = $7,368 annually

7. Potential Market
 Bars, Nightclubs, & Drinking Places (Target)
Sport Stadiums
Large Venues
 Concerts, Theaters, Trade shows
Casinos
 Industry: Drinking Places & Bars
Market Cap: 23 Billion
Population: 66,000 establishment
Growth Rate: 2.1% annually

8. Potential Competitors
 Tabbed Out
smart phone application
 Level Up
2.00% flat processing fee
 Google Wallet
NFC (only sprint)
 POS (Micros, Aloha, etc.)

9. Legal Risks
 PCI Compliance
Credit Card breach fees
 Fraud
 Service failure

10. P&L
 Total Start-Up Funds Required: $75,000
 Profit & Loss Statement : 3 years
Year 1 Year 2 Year 3
Revenue $60,000 $120,000 $240,000
COGS $1,000 $2,000 $3,000
GP $59,000 $118,000 $237,000
Expenses $9,100 $35,500 $158,400
NI $32,264 $53,503 $50,653
 *Note salaries start in Year 3

11. Milestones
 March 2012
-Apply for gap funding
-Apply to Summer@HIGHLAND program by end of March
 April 2012
-Use gap funding to hire Keven Beach of Beyond POS, Inc. to develop software for
MICROS 3700 system
-Begin Alpha testing at developer’s site
-Begin Alpha testing on the Company’s MICROS terminal
 May 2012
-Begin beta testing at Symphony 8
 June 2012
-Collect data on patrons’ credit and debit card swipes
 July 2012-November 2012
-Launch website and secure accounts throughout New England
-File patent for payment process

12. Q&A
o Video link here