7 Small Street and Home Based Food Business Ideas and Opportunities With Low Investment
There are so many food business ideas you can start and make money from your passion. You are a fantastic cook and you love preparing foods. You should not give this a chance.
The food industry is something that will never cease to perform well. People have to eat. In addition, most people are keen on diets, which means we are all looking for ways to lose a little weight but still eat great food. Baking cakes, cookies, or just offering menus can be a source of income. Food is always going to be an industry with high demand.
Food related businesses are among the most popular and profitable choices. They can be started quickly and easily, and the demand is reasonably consistent. After all, everyone needs to eat. You can put together a profitable and worthwhile catering or concession business using minimal resources and in only a short time.
Have you ever thought of food business ideas that succeed even in harsh economic condition? You may say no simple business opportunities in food industry like that. But remember that even when things go hard you still eat.
Beverage and other food product business is one industry that is yet to fail regardless of the economic condition of the country. You must have been considering starting a profitable small food business because you’re tired of your present job.
So many aspiring entrepreneurs now are seriously looking for a new food manufacturing and food processing businesses to venture into. Food business is one lucrative business for all seasons. People must eat! So the most homemade and fast food prep businesses keep flourishing no matter your location.
Making money from unique ideas for food business requires the knowledge of food safety because you will be dealing with human health. There are several health and legal requirements and regulations to open most business ideas related to canned and processed food.
In this post, I have compiled 7 best food business ideas for rural areas and cities that one can start from home with little investment capital.
Different Types of Food Business Startup Opportunities To Start: Food Business Tips
1. Become a Food Source
Every chain in the food supply business depend on the producer. What I simply mean is you have to become a global farmer. I did not put the English well? Stay there! One of your ex-president is a farmer making millions daily and he don’t hide it from anyone. Proudly called himself a farmer.
To make pop-corn, corn is needed from the producer (farmer). To process plantain chips, a successful food business company also need fresh plantain from the producer which is also the farmer. So you can choose to grow a full-hectare of corn farm or own a large plantation farm.
Not to even talk on fruits. When packaged food companies like Chivita or Five Alive want to produce juice, they also go to the farmer. So you can say that there are many new wholesale opportunities in becoming a successful organic food source. It may only require hard work and time at the beginning but you will surely reap the benefit at the harvest season.
2. Operate a Restaurant
Starting a restaurant is always the first thought when people are thinking of venturing into food business. Starting this business, you should focus more about how to run and manage the business than what should be on the menu. I am not saying food menu ain’t important.
An entrepreneur that doesn’t know how to cook delicious food can open a restaurant and employ a chef and staff to run the business. So, starting a restaurant business is not only for those who can cook, but for those who just want to run and know how to manage a restaurant business.
This is a very large market with young and old rushing in and out from different restaurant everyday just to get a quick food service. You can operate just one restaurant and make millions from it. As expensive as those healthy or fast food you know, people still go there to eat. So what are you waiting for?
Owning and operating a restaurant does not necessary means that you must know how to cook. In fact, you’re the best cook does not mean you should open a restaurant. As far you’re good in managing people and things, then you can operate a restaurant. What you just need is a business plan and a good team which involves the cook, service attendances, cleaners etc.
3. Food Retailing
Opening a retail food business is easy. If you’re thinking that becoming a farmer is too stressful and it takes a lot of time compared to selling food, you can consider becoming a mobile food retailer. Your role in this top food distribution business is to source for location where summer foodstuff are very cheap and buy them in bulk from the rural area to sell in the cities using food truck, trailer, minivans and from opening stalls. You don’t need to own a farm, you just negotiate with the farmer to get the farm produce at a low price, then you can sell to cities where cottage and home food stuffs are very expensive.
4. Running a Catering Services
This is a very popular business idea in the food industry. Catering business is definitely a great way to make money. You should have several menus including vegetarian or special diet menus. This will help you take care of various customers’ needs. Home catering should earn you a steady income either part time or full time.
With moderate capital investment and proper planning, any serious entrepreneur can start up this food business idea. From small to big events, people are always looking for catering services and this is where you make money. What do you think about catering equipment hire business too?
This easy food based business can be operated as a part-time business and expanded to full-time as the business grows. Getting customers for a food catering service is all about networking with event planners. You can also share your business card with friends, relatives, your church and corporate organizations.
5. Start a Bakery Business
A bakery is another food business idea that you can still venture into. You can consider baking cakes, cookies, bread or just specialize in one niche of the bakery business. You can establish a big bakery unit and be selling through retailers.
Bakery is one thriving food related business with huge market demand. You can consider operating a bread bakery in your locality. You and I know that the demand for bread is high. And no matter the number of bread bakery in a street or locality, if your retail marketing is good and your brand awareness is superb, you will surely out-smart your competitors. It is not about reducing your price, it’s about baking quality bread that customers want.
6. Start a Water Factory
I know you will say the competitors are too much. But let me ask you a question, when was the last time you bought the sachet or bottle water made by a particular company? Or have you ever gone to buy sachet or bottle water and you mention the name of the company you want? That means no matter the competition, water companies are still making their money back to back. Millions if not billions of sachet and bottle water are being consume daily. You just need to have a good delivery network. This means, you should have a vehicle to do delivery to restaurant, fast food and retail stores.
7. Food Blogging
If you are a person that really love to start a food business but you don’t have the capital, there is still hope for you. You can start a food blog and make money from Adsense when your blog that attracting huge traffic.
Do you really love cooking? Would you love to teach others how to cook different types of local and international specialty food? If you have consider running an online food and nutrition consultancy services but you don’t have the finance, then you can operate a food blog. You can write an e-book on 30+ delicacy food preparation and give it out for free to build your list or at a little fee to make sure cool cash from this internet based food business start up opportunity.
You can be sharing food recipe, how to cook some particular kinds of food, what food can do in the body and anything related to food. As you stick to your passion in providing useful content to your reader, your reader base will start increasing and brands in the food related industry will start meeting you to buy advert space in your blog and you charge them for that.
As your audience begin to grow then you can start making good income by selling space on your blog for advertisements or run Google adsense and get paid by Google. You will need a very large audience to start making good cash from your food blog business.
Here I have compiled more food related business ideas to choose from the food industry that can fetch you income doing what you love.
Do you know that these set of people prepare 5 to 15 meals every day for their customers? As a personal chef, you get to prepare your client’s food, package the food and deliver it to the client.
With this food business idea, you don’t need to own a restaurant or food store, you just promote your services via social media, door to door promotion and whatever medium that sit you and get booked by busy and rich families that love to eat food prepared by an experience chef.
You can start this food business idea by making candies specially for kids. Homemade candies are easier to make. Homemade chocolate is special, more special than something from the store. If you can flavor it appropriately you could sell chocolates others will not have for all special occasions.
You already know how children love lollipop and chocolate, including some adult that love sweet things too. This is a wonderful way to convert your love for food into a profitable chocolate or ice candy making business.
You don’t know coffee shop is also a food related business idea? I bet you don’t. Coffee shops are increasing as more people especially freelancers and work at home mums and dads prefer to work effectively from coffee shops.
It is also a place of rest for office workers. If you have always love coffee and it smell, you can turn your love for coffee into a lucrative business.
Mobile food truck opportunity is another way to make money from food business idea. This is like having a moving restaurant, taking your food to where the customers are. What you just need is a truck and fuel to power it.
You can sell ice-cream, packaged food, cookies and soft drinks from your food truck. You can also go for cooked or fried food items with a specific menu that majority of people love.
There are always people looking for where they can learn professional cooking skills. This is due to the demand for chef from hotels, companies, restaurants and other food industry. You can start up a private cooking class where you teach people different cooking styles like grilling, baking, crockpot etc.
You can even organize a 2 day paid seminar where you teach people how to prepare different kinds of food.
These are just few business ideas in the food industry. But, if you are really passionate about starting a food business, you should be able to spot a food business idea from this post that you can consider starting with whatever you have available to you.
Don’t give excuses, start something now! What do you think about these food based business ideas with low investment? Is food business profitable? Share