Toast Stock: A Pure Play on U.S. Restaurant Receipts
Long before Anthony Bourdain became a household name, he was a cult figure among restaurant workers everywhere because of his first work – his magnum Opus One – Kitchen Confidential. Finally, someone adequately captured what happens behind those swinging doors. The illegals in the dish pit, the convicts in the kitchen, the pervasive drug use across the entire house, it was all laid bare for everyone to see. Don’t order a steak well done, don’t send food back to the kitchen, always treat your waiter with respect, these bits of advice are common sense for anyone who’s toiled in a restaurant kitchen in any capacity. For everyone else, it was an eye-opener.
The restaurant industry is one of the largest, most complex, and most competitive markets in the world, with an estimated 22 million restaurant locations globally generating greater than $2.6 trillion in annual sales in 2021. We don’t need Anthony Bourdain to tell us that most restaurants use technology sparsely, if at all. It’s a massive opportunity that’s being tackled by a company called Toast which recently filed for an initial public offering (IPO).
Luck is not a business model
Anthony Bourdain
About Toast Stock
Founded in 2011, Bahstun’s own Toast raised $902 m
