Bevz

Bevz is a software-as-a-service platform built for independently operated and small-chain liquor and convenience stores. Its core product lets a store connect and manage multiple third-party delivery channels from a single interface, publish and update menu items and prices across those channels at once, and accept, track and modify incoming delivery orders — including substituting items during a live delivery — from one system. Point-of-sale integrations allow stores to drive menus from their POS and surface live inventory.

Around the core "Connect" product, the company sells adjacent modules: Shop.Bevz, a store-branded website enabling delivery of tobacco and other items; Reach, a listings and local-presence service that creates and maintains business profiles on Google Business Profile, Facebook and 60-plus other directories while monitoring for duplicate or unauthorized changes; Reporting+, which compares store performance across each delivery service; and BevzBoost, an AI/machine-learning marketing module that analyzes delivery-app transaction data such as customer behavior, preferred items and ordering habits to generate and adjust marketing strategies. Subscriptions include a Bevz iPad with integrated hardware and software, personalized onboarding, support and training, a built-in barcode scanner, a curated best-seller list and a catalog of more than 215,000 pre-loaded products.

The company positions itself as a technology platform built for convenience stores by convenience store owners, with an all-in-one offering that spans purchasing inventory from distributors, signing up for and combining multiple e-commerce apps, and managing inventory.

Business model

Bevz sells subscription software to store operators, bundling hardware (an iPad), onboarding, support and delivery-app setup with the software. Published plans are Basic at $99 per month and Growth at $149 per month per store, with a separate Enterprise track for operators with 10 or more stores; the company advertises a 30-day/one-month free trial, no upfront fees and no contract.

Recurring monthly subscription fees per store across tiered plans ($99/mo Basic, $149/mo Growth, custom Enterprise), with free-trial-to-paid conversion as the primary acquisition path.

Traction

At the September 2023 funding announcement, hundreds of convenience stores were actively using the platform across 10 U.S. states, annual recurring revenue had tripled year over year, free-trial-to-paid conversion was 93% and monthly retention 99%, and the company said participating stores increased revenue by roughly $2,000 per month on average. About 70% of the business was in California at that time.

Latest developments

In September 2023 Bevz announced a $3.1 million round co-led by Dynamism Capital and Golden Section Ventures, earmarked for sales and marketing, national expansion, product development and customer success, and said it would hire sales associates outside California to support national growth.