Table of Contents:
2. Steps To Start Fast Food Business Plan
3. Licenses Needed For Street Food Business Ideas
4. Step By Step Guide For Fast Food Business Plan
5. Best Cities To Open A Fast Food Business Plan In India
FAQs On Street Food Business Ideas
1. Fast Food Business Plan
Since the last decade, demand for fast food in India has increased massively. If you like to cook or want to start your own business with low risk, then you can start your own fast food business in India. Opening your fast food restaurant or setting up a street food stall is a good idea because nowadays people love to visit such places because of their busy lifestyles.
Nowadays fast food restaurants are also known as "Quick-Service" restaurants, where customers do not have to wait after placing their order rather they get their food ready by ordering immediately. These types of restaurants are very much in trend in today's busy urban lifestyle. This blog will help you with a complete guide on Fast Food Business Plan & Street Food Business Ideas as per your budget and city.
2. Steps To Start Fast Food Business Plan
- Pick A Prime Location- The success of any business is defined by its location. If you are picking the correct location for your business, the chances of getting more profit increase rapidly. When picking a location for your Street Food Business Ideas, you must choose a location where there is a lot of traffic or crowd and people can reach easily.
- Investment- If you want to open a small scale Fast food restaurant nearby, the investment does not need to be very high. A sum of 50,000 Rupees to 1 Lakh Rupees is sufficient to open a small food business restaurant. This amount depends on your overall Fast Food Business Plan, wherein, if you want to start on a grand scale, the cost increases. If you're going for a Food franchise in India, the pricing depends on the company's current rates.
- Profits- The Fast Food Business doesn't guarantee lump sum profits in the beginning but once your business starts to take off your earnings increase gradually. It also depends on other factors such as Staff salary, stocks, etc. If your stall garners a decent crowd daily, then the average earning can easily be traced to 3000 Rupees a day. Do not buy extra items or food stock unnecessarily and offer discounts to get profit.
3. Licenses Needed For Street Food Business Ideas
To start a fast food business in India you would need these 5 licenses in order-
- FSSAI approved Food License
- Health License via the Local Municipality
- Safety License
- License Verification from Local Police
- GST License
You have to visit the official government website of FSSAI to obtain the licenses by filling all the forms and paying a nominal fee of 5000 Rupees.
4. Step By Step Guide For Fast Food Business Plan
Here are a few things you may want to take note of before starting and running any Street Food Business Ideas:
- Total Set Up Cost- Shop Rent (Rs. 40,000 Approx for a big city), Equipment and Machinery (Rs. 15,000), Raw Materials (Rs. 10,000), License & Registration (Rs. 8000), Staff Salary (Rs. 30,000), Marketing Costs (Rs. 5000), and lastly Miscellaneous expenses of (Rs. 5000).
- Picking a Prime location
- Equipment and Machinery Management
- Menu Pricing
- Staff Management
- Profits Calculation and Cash Flow Management
5. Best Cities To Open A Fast Food Business Plan In India
- Food Business In Delhi- Apart from being the Capital of India, Delhi is known for its intense climates, unlike Mumbai. Delhi has an extensive reach of National highways & rail networks. Good media coverage, Government offices for clearance are beneficial for conducting business in Delhi, making it one of the best cities to do street food business in India.
- Food Business In Kolkata- Named as the city of sweets and the city of Joy, this place is home to some of the best street foods in India. With docks, ports, and airports connected to the city centre, the street food culture draws diversity from many communities. in Kolkata is filled with natural resources & living is very inexpensive, the city becomes a booming opportunity for Street Food Business Ideas.
- Food Business In Bangalore- Known as the Silicon valley and electronic city, this city garners a humongous youth population. The tech hub of India is known for its unique and multicultural street food from Southern states including Kerala, Andra, and Tamil. Due to the easy availability of the internet, and a huge migrant community, with students and IT employees, it also observes a lot of takeout meal orders. Hence, if you live here and enjoy cooking or baking, starting a food business in Bangalore might be an outstanding business opportunity.
Also read:
1) Cake Shops in Pondicherry
2) Cake Shops in Patna
3) Cake Shops in Nashik
4) Cake Shops in Nagpur
5) Cake Shops in Kolkata
6) Cake Shops in Pune
7) Cake Shops in Ranchi
8) Cake Shops in Patna
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FAQs On Street Food Business Ideas
Q. Which food business is most profitable?
Ans- Fast food business in India is the most profitable food business. It requires lower investment with quicker returns.
Q. How do I start a street food business?
Ans- To start a street food business in India, one must take care of the following steps-
- Conducting a Comprehensive Product & Market Research
- Keeping a track of your target audience and their demographic
- Picking a prime location for business setup
- Ready licenses and certificates that would be required for your Fast Food Business Plan
- Researching on your current competitors
- Keeping safety & hygiene on top priority
Q. Is street food profitable?
Ans- Street food has gone serious since the last decade. Profits may be low, initially but most stalls can expect to turn over around 5,00,000 Rupees a year- even on a cold, wet day, they might sell Rs. 2000 worth of street food, and in a bad month could still take as much as Rs. 5000 assuming they appear at local markets a week and a few private events like weddings, birthdays, etc.
Q. What are the top 10 Street Food Business Ideas with Low Investment?
Ans- These are the top 10 Street Food Business Ideas with Low Investment in India-
- Biriyani Stall
- Tea Stall
- Pani Puri Stall
- Popcorn Stall
- Pav Bhaji Stall
- Momo Stall
- Idli/Vada Stall
- Chinese Food Stall
- Cold Drinks Stall
- Sweet & Snacks Stall
Q. What is the best food business to start in India?
Ans- These are the top 10 best food business to start in India from small to big budgets-
- Starting a Food processing business
- Opening a fast-food restaurant
- Starting a Food Truck business
- Starting a Food delivery business
- Investing in a Popular Food franchise
- Opening a bakery or pastry shop
- Starting a healthy foods business
- Starting a home-based tiffin business
- Start a Youtube Cooking/Baking Channel
- Starting an Indian food based Blog