Indians are crazyyy over food. We are always ever ready to explore new cuisines and flavours in town. In fact, the Indian food market is the fastest growing industry globally with a CAGR of 9%, expecting to reach 6 lac crores by the financial year 2022-23. So, why not think of how to start a small fast food business in India.
Planning is the most crucial part of starting a business. Therefore, you need to sit down with the team and make a good plan.
With this in mind, the questions and factors you should discuss for fast food center business plan in India are:
To decide on a type of business, here are some opportunities with low investment and high returns.
Types of Small Fast Food Business in India
To start your business, you will need sufficient funds to survive in the industry.
The investment required to start a small fast food business is Rs.5 lacs - Rs. 7 lacs (minimum).
If you have personal savings, that is great. However, if you are looking for an investment, you can go for the following options:
After planning all the above details, register your business legally.
Registering your business with the ministry of corporate affairs is mandatory in India.
You can register your business as any of the following:
The decision of the structure depends on the factors like ownership, future expansion scale and type of business.
Therefore, consult an expert by filling the form >> to help you choose the best structure for your business.
While getting your company registered, the business service provider also applies for your business PAN Card.
So, as soon as you receive your business PAN Card apply for a Business Bank Account to start the business transactions.
Along with registration, also apply for licenses and local permits to start your small fast food business in India.
The mandatory licenses you will need are:
Apart from these, if you plan to start a small restaurant, you may need 6 major licenses required for restaurant in India.
Further, after planning, registration, investments and licenses, set up your space.
You will need a minimum of 200-250 sq ft area for starting a small fast food business in India.
To find a location, get in touch with your local brokers to get the best deals.
After that, decide on a theme for your little food store and decorate it accordingly.
Install the electric fittings, furniture and light up your place.
Buy the kitchen utensils, serving plates and spoons. Additionally, keep disposables to pack the food for delivery.
Get all the cooking items you need for the recipes.
After that, design a budget-friendly menu and have chef special dishes and combos to attract customers.
To start a small fast food business, you will need at least 2 chefs to cook delicious food as per your menu.
Also, hire at least 2 - 3 helpers to help with cutting, chopping, packing and taking orders.
As it is a small business you will not require more people initially.
After following the step-by-step process mentioned above, you can now start your business.
Select a good day to initiate your business and plan an opening ceremony starting with an auspicious ritual or pooja.
You can invite a few close people or more if you want to for the opening and get your store decorated.
Also, you can offer a free dish or a discount in the opening week to attract a customer base.
Market your business through the following:
To conclude, I hope this helped you know how to start a small fast food business in India.
The concept of a fast-food business is to serve in as little time as possible. Therefore, make sure you provide tasty food quickly and at a low cost.
So, when you open a small fast food business, keep the thought of providing your customers with affordable and tasty food to stay energized and fulfilled throughout.