New Year Resolution: Open up a small food business

NewYear...New Business?

Let's face it. Everyone needs food. It might be a bit daunting and challenging at first when you make the decision to open up your own food business. If food is your passion and you want to turn that passion into profit, you are definitely at the right place!

A small business is perfect for those who are newbies in the business field, or simply want to get their business dream started but are still testing the waters. Small food businesses play an important role in South Africa's economy, and once established, is one of the most profitable ways to go. If your goal is to earn more income and earn a name in the food service industry, 2024 is your year to start.

1. Ice Cream Shop

Ice cream is one of the most popular choice for a dessert or sweet treat. With an ever-increasing demand, and an option of an innovative and creative menu ,opening up an ice cream shop is sure to rake in good profit.

2. Coffee shop

The first thing that pops into someone's mind when coffee is mentioned is the unmatched aroma that comes with brewing coffee beans. It may seem expensive to open and run a coffee shop, but you can always start off small and grow your business as it flourishes. There is so much room for expansion when it comes to the menu of a coffee shop, so don't be afraid to start off small with the intention of expanding with time.

3. Mobile Food business

There has been a massive interest in mobile food business and has becomeincreasingly popular all over the world. Having a mobile food business means that you can take your business to your customers: be it on the street, mall,parking areas and pop up events. The social experience behind a mobile business makes it a big hit among younger and older people. Setting up a mobile business is highly profitable and a business that will grow with you, as you gain more popularity, you may expand your menu accordingly.

4. Catering Business

Weddings, funerals, parties and business functions occur on a daily basis. If cooking and serving people is your passion, this is the way to go. It is a fairly simple business to set up, even from your own home as all you need is a space to keep all your catering equipment and storage for food items.

5. Hiring Business

Tables, chairs, tents, crockery and cutlery are always needed for catered events. Investing in these is a good way to start a hiring based business as you will cover your costs of the items in no time, whilst earning profit long term. Depending on your budget, you may purchase small at first and as your business earns more money, you may buy more equipment to hire out.

6. Ice Making Business

Ice making is one the most simple businesses to set up: all you need is the correct equipment, good water supply and a well-ventilated area. There is a demand for ice on the daily, you may market your ice and sell it from your premises, or go big by supplying local tuckshops, spaza shops and garages is a way to get your business growing and going.

7. Takeaway/Fast Food

People will always appreciate a quick meal. A small fast food place is a great way to start your food business. Be it humble fried chips and russians, vetkoek, fish and chips, there will always be a demand for fast, tasty food. All you need is a busy location and the right equipment (it can even be from your own home) to get started.

At Caterquip,our salesteam is ever ready to assist you on your food business journey. Turn your business dreams into a reality this 2024. With all the equipment, and guidance by our experienced team, we will be there every step of the way!