A new way to think about fast food
Opening a restaurant is notoriously risky, and a fast food restaurant, with cheap meals and quick service, is no exception. Add in better quality ingredients, skilled food prep, and a new business model, and chefs Roy Choi and Daniel Patterson, owners of the new fast food restaurant Locol in Watts, Los Angeles, have their work cut out for them.
At the recent opening,聽, waiting for the much-anticipated opening of the partially聽聽funded fast food restaurant.聽The two chefs were聽inspired to challenge the traditional fast food model by a belief 鈥溾�� Choi, Patterson, and their team聽worked to create a restaurant model with a menu that appealed to a聽population living in an underserved area with few fresh markets and lots of fast food restaurants. Their goal was to create聽a community-centric place where customers could get quick, portable meals that were tasty, affordable and nutritious.聽Locol鈥檚 menu items range from US$1 to聽$6,聽and include items聽like "BBQ Chicken Burgs" and "Bean and Cheese Foldies".聽
Large chain restaurants like McDonald鈥檚 make up for lower net profits with volume, and their sheer size gives them an immense amount of buying power when it comes to negotiating prices for their ingredients. Most restaurants are more limited in their buying power, meaning that it is harder for them to negotiate lower prices for ingredients because they are only purchasing a limited amounts of goods. Choi acknowledged the risk in their venture, saying that 鈥溾�� but he and Patterson told the聽聽that they were working with their food supply vendors to look for solutions.聽
Choi, Patterson, and their team decided to use Indiegogo to finance their newest venture rather than raising money from traditional investors. Choi聽聽that this choice had to do with being able to have better control of business decisions. He and his partners opted for funding that would allow them to be flexible鈥攖o be able to invest in their space, product, and employees. This means聽building commissary kitchens for community use and serving fresh dishes made from scratch. Choosing to use fresh products instead of frozen ones mean that Locol also provides basic culinary skills training for kitchen staff.聽Traditionally, fast food is designed not only to be prepared quickly but also with a minimal skill set. Patterson explained that by offering employees the chance to learn more complex cooking skills, Locol will enable employees to, 鈥溾�澛�
Locol is open seven days a week from 11:00 AM to 10:00 PM. A second Locol location is expected to open in the San Francisco Tenderloin neighborhood later this year.
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