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  "docSlug": "85778690c1a5261d558524f25718ae27",
  "documentTitle": "Presto | SPAC Presentation Deck | 42 slides",
  "authorId": "presto",
  "authorName": "Presto",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-11-01 00:00:00",
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  "pageNumber": 10,
  "pageCount": 42,
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  "notes": "The slide uses a central callout box to summarize the core business impact (lower margins) resulting from three surrounding problem categories.",
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      "kind": "callout",
      "text": "Significantly Lower Margins Due to Labor Costs",
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      "kind": "list",
      "text": "Lack of Labor -> Operational Gaps\n- Slow speed of service\n- High turnover -> poor guest experiences\n- Increased overhead in hiring workers",
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      "text": "Labor Shortages & Costs\n- Largest expense category: ~30% of sales\n- Major nationwide labor crunch\n- Rising minimum wages",
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      "text": "Staff Not Equipped to Make Good Decisions\n- Managers rely on \"gut-feelings\" to make business decisions\n- Lack of data to inform decision making",
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      "kind": "paragraph",
      "text": "Restaurant Operations are Painfully Analog, and Customers are Looking for Innovative Solutions",
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      "kind": "source-note",
      "text": "Source: Public company filings.",
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      "text": "Labor is a \"Hair-on-Fire\" Problem for Hospitality",
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