$TOST Restaurateur Perspective

With the current sell off in SaaS I believe this is the perfect opportunity to open/increase a positon in $TOST. I operate 4 full-service restaurants in the North East and am currently in the process of opening a 5th. The Toast package is, in my opinion, unrivaled. The workflow, UI, and support are all top-tier. I've sat down and reviewed every system out there. I've had companies offer big financial incentives to get us to change all of the restaurants' operating systems. But a major part of our restaurants' success relies heavily on how effective the Toast platform is end-to-end. It is not something that can easily be substituted. The company is always testing new features and adding to its already robust lineup. I view Toast in the same way as someone might view Apple; it's the ecosystem they've built that is the value proposition. That is their MOAT. Good software is critical to an efficient and successful restaurant. An efficient and successful restaurant is how Toast makes its money. It's a positive feedback loop, which is why I believe they will only generate more in the years to come. Obviously, macroeconomic factors can affect their bottom line in the short term; however, restaurants aren't going to disappear anytime soon.