I do believe that it is still a good business. It is because food is one of the basic needs of human beings. You can name all kinds of delicacies around the world, the locals will still buy them. Even small-scale businesses are still profitable like street foods, etc. If I have the chance, I would want to have a food chain like McDonald's.
Are food business profitable?
- Thread starter Shavkat
- Start date
Food is very essential for human development. Having a food business is profitable especially if you live in residential areas where people are too busy to cook for themselves
I agree that food business is profitable. But you have to make sure the foods you sell are delicious and reasonably priced. Service is also important if you open a cafe or restaurant.
Food selling business or restaurant business is very lucrative because I know people will always eat which makes your business to be selling all the time.
The food business is very lucrative, especially if the food you offer is delicious and liked by many people. The profits of the food business are also very promising, at least twice the cost of goods sold. Each food has its own customer and needs to be adjusted to the location and income level of an area.
It is lucrative monetarily simply because food is in high demand and there's no one that can do without it.
Even though the food business is very promising for multiple profits, we also need to pay attention to the location or environment so that prices can be affordable by customers, especially in the school or campus environment, besides that we also need to maintain cleanliness and a comfortable place.
One of the reasons why food business is always very lucrative is because people will always eat everyday even if they don't have money because we cannot do without food.
The standard is to eat three times a day but due to lack of money, some people must compulsorily eat at least once a day.
I agree with your opinion, we can find this fact every day in construction workers who receive wages on weekends (Saturdays) so they have to owe food in advance to the food seller who has worked with the foreman.
Yes, the food business is always profitable, but the risk is also high, especially for food that spoils quickly. So, as a food entrepreneur, he must know when to add to the stock that runs out on the same day.
In general, cooked or ready-to-eat food will spoil quickly, so as a businessman you must be able to predict how many portions will be sold each day. In fact, I often find food vendors running out of stock even though there are still many buyers. but the seller does not add to their food.
This is the more eason why such businesses should be situated in a place where you can sell better.
It was because of the time it was on, it was too late. So instead of taking risks for products that don't run out, it's better for them to close early. Because when the stock of food they provide runs out, it means they have earned enough profit for that day.