Business
Beyond Oil Signs Commercial Sales Agreement with Cafe Landwer Franchisee in Israel
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / September 13, 2022 / Beyond Oil Ltd. ...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Signs Commercial Sales Agreement with Cafe Landwer Franchisee in IsraelVANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / September 13, 2022 / Beyond Oil Ltd. (CSE:BOIL) (\"Beyond Oil\" or the \"Company\"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to announce that it has signed a commercial sales agreement with an Israeli franchisee of Café Landwer, a leading restaurant and Café chain (\"Café Landwer\").Café Landwer started as Israel's first coffee roasting company and has developed into one of the country's popular restaurant chains with more than 80 locations across Israel, Canada, and the USA.Under the commercial sales agreement, Beyond Oil will sell its product to four Landwer's outlets in the North of Israel initially, then expand with sales to additional outlets of the chain in Israel. Under the terms of the agreement, Beyond Oil will supply the Café Landwer outlets with the product, in quantities as requested on an ongoing basis.\"Change and innovation are a tradition at Landwer,\" said Michael Hazin, Café Landwer franchisee owner. \"We started out as Israel's first coffee roasting company and we have developed into one of the country's popular restaurant brands. We are proud and fully committed to staying at the forefront of the food service industry. Beyond Oil's innovative solution is aligned with our commitment to provide our customers with healthy and delicious food, combined with our responsibility to the environment.\"\"We are continuing to progress and our partnership with Café Landwer was a natural fit as we both understand the need for constant innovation,\" said Dr. Tamir Gedo, CEO of Beyond Oil. \"We believe our product will allow Café Landwer to deliver on its customers' demand for healthier food and reduce costs at the same time.\"In 2016, Israel's food service sector was valued at approximately $6.6 billion, with almost 13,000 consumer food service businesses in 20201. In recent years, the industry has experienced an increase in the price of raw materials, electricity, water, taxes, and manpower, forcing many food service chains and restaurants to seek out effective ways to reduce costs and stay profitable. Although employment and salaries have risen, price levels for menu items across Israel ...