Fast Food Business Plan: In today’s time people are so busy at work that they are unable to eat food from home and if they go out for some work, they consume fast food like chowmein, manchurian, veg rice, dosa masala etc. You will get to see Fast Food Stall on every street, every intersection. As soon as you hear the name of fast food, you must also feel like eating something.
At first less but now the trend of fast food has spread like a trap all over India. Everyone loves to eat fast food no matter what class of people they are. 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. This type of restaurant is very much in trend in today’s hectic routine.
How to Start Fast Food Business in India
First of all, you should choose the place to open your shop. After that, considering your budget, make a plan to start your business, how much and what items you have to keep. Accordingly, arrange the goods and raw materials. First you start this business on a small scale. After that try to increase your business considering your profits.
Choosing a Right Name for Your Fast Food Business
Whether your fast food business is small or big, definitely keep the name of your fast food corner. So that the taste of your fast food is good, then people will recognize you by the name of your shop. On a small scale, you can also name your fast food corner by your name. But if you are doing this business on a large scale, then keep the name a little unique but keep it simple that people can remember.
Selection of Right Place for Fast Food Business
You cannot start a fast food business at home because no one will come to your house for fast food. You can definitely make it from home, but running this business inside the house can be a bit difficult. If your house is on the road and there is free space, then you can definitely open your shop there.
There is always a crowd of people outside the railway station and bus stand and people continue to come and go. The more people move, the more sales your food stall is likely to have. Apart from this, if you open a food stall outside a park, then people keep coming and going there and the profit potential increases a lot.
Fast Food Business Registration and License in India
Although this business can be started on a small scale without any permission or registration, in some areas there may be a provision to take permission or license from the local authority, municipal corporation etc. Apart from this, it is also true that FSSAI license is required to do any business related to food items in India.
If your business is on a small scale, then you will not need to do any kind of registration. But if you want to do this fast food business on a large scale, then you will have to get GST registration done in the name of your shop/restaurant. You can get Fast Food Business Registration done both online / offline. And can take the facility of GST, along with this you should also get registered for One Person Company.
Types of Popular Fast Foods in India
But there are some exotic fast foods in India which are much more famous than them like Chowmein, Noodles, Fried Rice, Momos and many more. Apart from this, outlets of fast food like burger, pizza, sandwich, fried chicken etc. found in America have opened in India.
Apart from this, many fast foods are available in India. But the most famous is Chinese fast food. As they are different and good in taste, let us look at all these fast food items in a listed manner once again:
- Fried Rice
- Chicken Rice
- egg roll
- fried chicken
- vada pav
- Pav Bhaji
Expected Investment in Fast Food Business in India
You do not need to invest much to open a small normal fast food restaurant, it is around 50 thousand to 1 lakh. But still this amount depends more on your plan, if you want to start a business in a big place with more arrangements then the expenditure will be more. If you are taking a franchise, then the investment amount for this depends on the franchisee. You can get a Business Loan for this business from Banks.
Profit in Fast Food Business
When we talk about profits for our business, it is very important that you make a good and right deal with your supplier which will be beneficial for your business. In addition you should also note That you buy as much ration for yourself as you need now, your money gets blocked by buying more than necessary.
You should cross check your account and other finances in 6 months. By this you can guess where and how you need to change.
Risk Factors of Fast Food Business in India
If before starting any kind of business, you prepare a list of the risks that come in it, then it will guide you for success and at the same time you will also be able to deal with the risks coming in your way. In most places, people make wrong assumptions about many things for their business like capital investment, place, other work etc., due to which they have to face losses.
FAQ for Fast Food Business in India
How to start a fast food business?
Ans. To start a fast food business, you have to first learn to make fast food and after that you can start this business by opening your stall.
What is the cost of a fast food business?
Ans. The cost to start a fast food business is determined according to the area you choose. This business can cost from minimum ₹ 50000 to maximum ₹ 500000. Where to get a license to start a fast food business? To start this business, a license has to be taken from the Food Department FSSAI.
Is marketing necessary to start a fast food business?
Ans. Yes, marketing is necessary to start a fast food business. Because through marketing you can increase your business more.