Why is it profitable to start a food delivery service business? Here is the reason why. Food.
Food business is a multi-billion dollar industry. Every year, more and more restaurants, fast food chains are gaining massive amounts of revenue/ profit by serving food – in house. That is, they put up fast food chains, restaurants, food shops and spend huge investments in marketing and advertising to attract customers and get their brand “branded” to every consumer’s tummy and subconscious.
To find your place in this very competitive area of the food industry would only mean you need to stay in the kitchen and take the heat of the competition.
But what if there is an untapped corner of this multi-billion business where you can start small, with no huge marketing or advertisement needed and earn huge profit still?
Here is where food delivery service business comes in. Listed below are top 5 reasons why it is possible to start a food business even when you do not have any experience in the food industry. Why it is profitable and how you can earn good profit in this food business opportunity.
Why Start a Food Delivery Service Business
1.Food delivery service is still an untapped food business opportunity.
The idea of restaurant meal delivery is only starting to stir and it is not yet been fully utilized by huge investors, corporation or established food businesses. Delivering meals from multi-restaurants is still a bit of a new idea for most in the food industry.
And since this is a new idea, more consumers would be thrilled to try this service if they have one in their area. Especially if they would be able to get their favorite restaurant meals or dishes without leaving their home or office.
2.You can run this delivery service part time or full time
Running your own restaurant, food chain or a simple food stall, requires you spend most of your time managing all aspects of the business. Once you put up your own food shop or restaurant, your time would be mostly spent on your business location.
On the other hand, food delivery service is flexible when it comes to the hours you spend on managing it. You can do it full time, but you can still make this business work for you even if you have another business, a day job or you simply just want to limit your hours spent on your business.
3.Not too many paper works to pile up.
This business is not really hard to handle in terms of tracking your receivables and payables. Restaurant delivery service works by having your customers pay the food delivery first before you pay the restaurant. However, not all restaurants would allow this system and you need to get into a good understanding or agreement about payments and orders. A professional system and a clear proposal will help you get into negotiation with your chosen restaurants.
4.No huge investment necessary.
For those thinking to put up their own business, especially during these times of recession, they worry mostly about one thing – investment. There are run-of-the-mill businesses that allows you to start a business with little to no investments but it would not necessarily guarantee that you will get you a sound ROI within a year or at least get a leverage. You may only be wasting your time doing it.
Investment in food delivery service business compared to other areas of the food industry, is comparatively smaller. You do not need a restaurant location, you do not have to hire a number of employees, and you do not need to buy food equipments at all.
You can even start running your food delivery business without employees. The plus factor in this type of business is you can get contractors, or if you insist on getting employees, you can hire 2 and you are all set.