Food business

Which is the best food business running these days?

 

McDonalds.

 

Are you too lazy to use Google? What a pointless question.

http://www.google.com/search?q=best...s=org.mozilla:en-US:official&client=firefox-a

 

I have already googled but not satisfied that is why asked here...

 

Then you should have done two things,

1) Told us what you did exactly,
2) Ask for other ideas to help you search google for the answer you needed.

Also, you need to clearly state what you were looking for. I took your exact words (which apparently is NOT what you are looking for) and used them in a search.

 

I would do coffees, and cakes. A good warm cup of coffee, can really make someones day. It is not the most profitable, but that would be something that I could spring out of bed for. If you are you more likely to spring out of bed to run a hot dog stand, then go for that.

Sarahk makes an interesting point. Food vans actually do have a low cost to start up. Ie, a food truck (mr wippy van) is around $100kaud used (allow about $10k-$20k or more for maintaining and repairing equipment just in case you have bad luck, + stock + other company overheads). Compare this to opening a cake franchise, which is approx $500k aud + stock. A subway franchise is $250k aud. So the food truck is cheap, affordable. But what can you cook?

But everything comes down to location location location. A coffee shop does really well in some places, but can fail in others. Even "McDonalds" can fail in specific locations. At least food trucks have the advantage of being mobile... but if you are in an area that has alot of snow, then your business can still be affected.

But before you do anything. You need to find what you want to do. I am not getting out of bed to sell hotdogs and icecream... Plus you need to find what sells in your area. Unless you have all the skills, and experience to run your own business, then I would highly recommend looking into a franchise as they take people with no skills, train them, provide ongoing support. 7-eleven has a fantastic reputation for supporting its franchisees.
Franchises will often try to find you good locations. BUT they do not always have your best interests at heart. It is worthwhile hiring someone independent for business advice specific to what you are doing, and pre-market research.
My wifes friend lost her family home from starting a business that should never have started. She gave up a $100k a year job, lost her family home, all based on a bad idea, and likely bad advice and encouragement from others. So please, seek out a local expert before you start a business.

Buying an existing working business is also a great idea (again, seek proper advice before you do anything). I have seen some business for sale, far below startup value, simply as the owner needs to do something else with their life. If it is all setup, with a good reputation, happy clients, skilled and experienced staff, then you might have more success then doing it your way from scratch.

 

Any fast food franchise. Basically, franchising would be ideal though starting one can also be costly. If you can get those that don't ask for a big startup price, then that would be good. McDonald's and others that are big will require also a large sum to buy the franchise as well as establish it. A smaller one might be more preferable.

 

sarahk, is right. More information would help us.

What area are you considering? What is your start up capital? What experience do you have that might help? etc...

 

Yes i am planning to open a fast food restaurant in London.

 

Instead of brand ones, you should go for one that you are good in it. But, first you should know basic of cooking, that's the first rule of food business.

 

dude, we still need more information.

What skills do you have? what experience do you have in running a business, or in working in a restaurant?
What is your budget for starting up?


what made you wake up and want to do food business?

 

I had my own restaurant 5 years ago in wales but due to some personal problem i had to close that and now again i want to open i have £50000 budget and i can also increase the budget as it depends on the restaurant growth.

 

I found this on google: http://uk.businessesforsale.com/

might be something there that is in a good location, near where you live, and near where there is good stream of interested customers, selling a type of food that you are interested in dealing with. I have seen established businesses sold for less then it would cost to start up one on your own.

IF your budget is 50,000.... Then you probly need to put aside enough $$ for 1 years rent, you MUST put aside some funds for marketing. As a quick example, if 50,000 is your max limit, putting aside money for marketing, and other, that might put your maximum startup at 30,000-40,000.

Just be careful, and be sure to hire an expert to give you right advice. I love to see people succeed, I hate seeing hard working people fail.

 

yes thanks for the advice will be careful.

 

Hipster coffee houses