Indians are food-crazy. Know the steps to starting a small business in India before looking for profitable food business ideas.
Create an Business Plan
Create a business plan by deciding on the following: business name, location (if applicable), investment, competitors, product offerings, distribution of shares, equipment requirements, packaging, profit margins, pricing, licensing and business structure.
You will need money to get started and stay in business. Start with personal savings, but if the business grows, you may need to borrow money from a Business Loan.
You must apply for a PAN card before you start a new business.
Permits, Licenses, and Registration
To start the majority of small food businesses, you will need to obtain a few permits and licenses locally. You will need the FSSAI License (Food Safety and Standards Authority of India), GST Registration (Goods and Services Tax), Shop and Establishment Act License (Liquor License), NOC etc.
Find a good location, decide on a theme and install the necessary fittings and equipment. Design a menu and hire the staff you need, such as chefs, waiters and helpers, cashiers and delivery boys. Start the business by holding a grand-opening on a lucky day. Invite people to the opening with a free or discounted dish.
You can advertise your food business in newspapers, social networks, radio, WhatsApp broadcasts and food delivery platforms. You can cover your expenses with a Business Loan.
Top 10 Food Business Ideas
Here are the 10 best food business ideas that you can implement in India
1. Coffee Shop
It is a rewarding business, with low risks and rapid scalability. Coffee is consumed by almost all types of people, from students to homemakers to entrepreneurs and company employees. Start small and promote your business through social media. Buy quality coffee beans and equipment for different types of coffee from a reputable coffee supplier.
2. Ice Cream Parlour
People around the globe love ice cream. Make your brand a million dollar one by serving delicious ice-creams in different flavours. Your menu can always be expanded and innovated with endless options like gelato, snow cream, frozen yogurt, etc. Selling healthy ice-cream varieties today, as people are more health conscious, is a unique business idea.
3. Food Truck
If you are looking to launch a new food business, a food truck is a great way to get started. Food trucks are a great small business idea because they offer low investment and mobility. By offering a unique experience and innovative food, your food truck could become a favorite destination for millennials.
4. Food Delivery Business
It’s just old-fashioned to spend time getting ready, go out with the family to a restaurant, place the order and wait for the food. People prefer to have their favorite food delivered right to their door and eat it in their own comfort zone. One of the best home-based food business ideas is to start a food delivery service and partner with delivery platforms.
Your whisking skills satisfy the taste buds of family members, friends, and neighbours. You can begin your baking journey by supplying your fresh breads, cakes, cookies and pastries to the people in your area. Indian households are in high demand for baked products. With different types of Business Loans, you can capitalize on this demand and create a brand.
6. Tiffin Service
Small offices, students who live alone and other people who cannot cook regularly but still want home-cooked food are all in demand for a tiffin delivery service. Deliver healthy meals at affordable rates, and pack tiffins for your customers. You can easily start a tiffin delivery service at home with minimal resources and earn referrals.
7. Cloud Kitchen
Rather than dining out at a fine restaurant, many people are too busy to go there. Cloud Kitchen is only a delivery store, with no dine-in facilities. You can deliver food to customers’ homes if they order through your app or website. Cloud kitchen is one of the most profitable food businesses you can start from home. It has low operating costs, requires no rental space, and only a small staff.
8. Personal Chef
Personal chefs are those who love to cook their favorite foods for clients. You can be hired to prepare meals at clients’ homes, taking into account their dietary needs and preferences. You may be called for other special occasions such as birthdays, kitty-parties, family gatherings, etc.
9. Snacks in pre-packaged packaging
Pre-packaged snacks are available in a wide variety of flavors, including nuts, popcorn, granola, namkeens and more. Indians love these teatime snacks. If you’re good at what you do, then your products will be unique and a hit on the market.
10. Start a Food Franchise
In India, there are many franchise opportunities available in the food industry. Franchise food businesses are available from industry leaders. You can start your business right away by investing money with a Business Loan.