How to Start a Small Fast Food Business in India (Fast Food Outlet Restaurant License Investments Profits)
If you are planning to start a business in food industry, then consider about opening fast food business plan. Opening a fast food restaurant won’t be bad idea, because these days people prefer them for tackle their time management. A Fast food restaurant also known as the QSR (Quick Service Restaurant) doesn’t requires customers to wait and dine their food, they simple order and pick their items, owing to this demands of the workaholic is raising towards the fast food restaurants cultures.
However, it wouldn’t be easy for many to start and succeed in the restaurant industry; here are the few tips to be considering before stepping into food business and to get succeed.
Tips for the business
- Develop a perfect business plan. Well having a perfect business plan would describes a lot about the how to step up your company start-up and helps you to judge the expenses, revenues and predicting the target audience. In addition to that it secures all necessary things like availing business licenses and operating permits according to the governing authority.
- To avail the approval from the local health department visit the local health office and Inquire about regulations concerning the food service industry close to you and arrange for needed licenses and permits. You will also have to go through health department inspections before starting and regularly while your company is operational.
- Just make sure that you are creating and offering something peculiar and in supreme quality to the consumers from your restaurants, in case if you are not option for the franchisee model of restaurant business.
- It would be wise for you to keep in mind that opting fast food means people are not willing to compromise their health, so be different on offering menus but not to be too different consider about providing healthy dishes too.
- As a restaurant owner you need to take responsibility on taking orders, deliver process and other services in exceptional mode. Because people won’t prefer restaurants where they receives services at snail pace.
How to select a place for the business?
Restaurant location places a huge impact over its success. Opening a fast food restaurant at right place would yield you better profit. While choosing the restaurant place, consider about picking the place which has high-traffic, and can be easily reachable by the peoples.
In fact, there are several top branded restaurants has predefined space structure for letting franchise mode of business to expand their business. But getting aware about those terms will gives you the rough ideas on opening your restaurant at right place.
How to apply for small fast food outlet?
In order to make your small fast food outlet running you need to avail five licenses which are food license from FSSAI, health license from local municipality, safety license, license from police and finally GST registration certificate.
For availing those certificates and license you need to visit appropriate offices and requires certain paper works to be carry out. It is predicted that about 3 month will take for availing all those necessaries.
License for fast food business
For availing licenses for your food business, you need to register for Food Safety and Standards Authority of India. Where you can able to pay the license fee amount which will be around 5k in online.
To avail GST registration you need visit the reliable CA agent and Municipal Corporation for availing health license, safety license and so. Where the official fee will get varied according to the respective governing bodies however, it is predicted that it will be around 3k.
- Engage local food bloggers: Well, in this digital work engaging with the bloggers especially with the same niche bloggers will add more value to your business. Food bloggers will spread your business among their readers and followers from all over the world.
- Get active on social networks: Hope, there’s no need to describe a lot about the impact played by the social media network on boosting or promoting a business or event in modern world.
- Get attractive pamphlets and logo design: Your business logo must be in attractive and also make use of the local channels for spreading your business presence along by issuing the attractive pamphlets describing your entire business.
Unlike the normal sit down restaurants, opening fast food restaurants wont requires high investment. It can be done by around 50 to 1L, however, the net amount figure would be truly depends upon your plan of your restaurant business.
You can avail financial aid from the nationalized financial institute like banks and so for staring your own business. If you are seeking franchisee mode of business means, total investment would be take care by the core operator where you required paying the amount as the security deposit to them. The deposit amount and terms gets differ upon the franchisees.
- When it comes to profits on restaurant business, making a better and fare deal with the suppliers would results a good margin. At the same time ensure that you are purchasing items in even ration according to your sales.
- The main factor when it comes to fixing restaurant prices is, if you prefers to reduce the price by 10% means you need work near about 3 times extra to match the same profit margin. Similarly, if you are increasing the prices by 10% means, you may lose 43% of business but still able to maintain the same profit margin.
- If is highly advised to cross check the accounts and all other finance which are oriented to your restaurant business for every 6 months. By doing so you can able to pick the place where you can cut the cost.
Analyzing the risk factor before starts planning your restaurant business would guides you well towards the success and to help you a lot on avoiding or reducing the vulnerabilities. In most cases owners fails to evaluate their statistics on certain areas like, capital investment, Misjudged workloads, opening at wrong location and so would cost you a lot in the restaurant business.
In addition to those above mentioned risk factors, as a restaurant owner you need to follow the strict rules when it comes to food safety, attractive infrastructural design, picking rightful and potential employees.
Though, the restaurant business is considered as a tricky one proper planning and workout is vital for driving the restaurant business towards success path. However, even a tiny fluctuation in food price or at labor payments surely it will displays a huge impact in the profit margin of the restaurant business.