The List of the Best Food Business Ideas You Can Start in India
If you have a plan to invest your money in a business, then you must consider starting a food business. It is one of the best ventures in India now. There are many opportunities in this sector, and you get the options of both low investment ventures to full-scale restaurants. There are many profitable food business ideas from which you could select the right one that you relate with and which will provide better margins.
This list of the best food business ideas will help you in selecting the right one:
Food Truck
This is one food business idea that is fast growing in popularity in India and all over the world. The concept is basically that of a mobile restaurant using a vehicle, such as a truck, car, or even a cart. It is a very cost-effective idea since the capital requirement is significantly less. You also need not worry about paying heavy rentals or about seating arrangements. But, like in traditional restaurants, you require all legal documents and licenses for your food truck. You could operate your food truck at an investment of around Rs. 10 lakhs.
You would need to set a large part of your capital on promoting and marketing your food truck to make your brand well-known. You would also have to spend on things like developing a website, an online ordering platform, an app, online and offline advertisements, and so on. Your truck should be well decorated, the menu needs to be innovative, and you should serve high-quality, tasty food to attract lots of customers and get huge profits.
A Fast-food Restaurant
Studies show that the fast-food market is poised for huge growth, and therefore, this is a very feasible food business idea, which you need to consider. In a fast-food restaurant, food is prepared on a large scale and served fast. These outlets have only minimum table service, with options for both take-home and also eating at the premises. Some examples of fast-food restaurants are outlets like Domino’s Pizza and KFC. You can open your restaurant in India with an investment of Rs. 10 to 12 lakhs. You will also need to set aside amounts for promotions, infrastructure, rent, and kitchen equipment.
Cafes
These are outlets where beverages like tea, coffee, and drinks are served along with snacks. Cafes are frequented by mostly college students, locals, or people working in corporate firms. The costs for two people would be in the range of Rs. 300 to Rs. 600. The investment for setting up a café would be around Rs. 10 to 15 lakhs, depending upon the area where it is located, the kitchen equipment, the quality of staff, and decorations used. There are different types of cafes you could choose to set up, like outdoor or rooftop cafes
Patisseries or Bakeries
A Patisserie is an outlet, which usually sells pastries and sweets. Bakeries make and sell all baked items like bread, cookies, pastries, and cakes. Having originated in Europe, this concept of setting up a bakery or patisserie is fast catching up in India. It is a very lucrative business on account of the huge demand for baked items and pastries. These outlets provide seating, as well as a home delivery system.
Ice-cream Parlours
This is a lucrative business you can start in India because of the tropical weather here. Furthermore, with long summers, there is a heavy demand for ice-cream products. Ice-cream parlours are replacing traditional roadside carts, and the business has seen a lot of innovation in recent times. At parlours, people can now sit and have their ice-creams at leisure. One main reason for the success of these parlours in India is the heavy influence of western culture on customer habits. A typical ice-cream parlour will be small, around 500 to 1000 square feet, with a seating capacity of around five 4-seater tables. Giani’s and Naturals are two popular ice-cream parlours in India.
Juice Bars
They are high in demand and witness large crowds on weekends. These places serve many varieties of fresh fruit juice and sometimes include ice-cream scoops in them as well. Juice bars are usually situated at markets, near colleges, gyms, or busy streets where it is visible to the public easily. In recent times, the demand for organic juices has been steadily increasing, and setting up an organic juice business is also, therefore, a viable idea.
Dhabas
These are small-budget restaurants serving Punjabi delicacies like parathas, naans, kebabs, and more. You can see them usually at highway roads, or near petrol pumps, which see a large number of travellers in need of a quick bite. Opening a Dhaba would typically require an investment of Rs. 5 to 10 lakhs, depending upon factors like its location, infrastructure quality, and seating.
After deciding which of the food business ideas you want to go along with, you need to prepare for the next steps. This includes legal requirements, infrastructure expenses, marketing and promotion costs, and technology.
3E Accounting India is highly experienced in business setup services, and we help establish several profitable businesses in a year. We are the top India business setup specialists, and our well-qualified team provides tailor-made, cost-effective solutions and support needed to set up, launch, and manage your business effectively. Please contact us whenever you have any queries or need more details about our services.
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