Top 5 Most Profitable Food Business Ideas in 2021 | Small Business Ideas 2021
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- Опубліковано 20 лип 2024
- Are you starting a food business?
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👀 ABOUT THIS VIDEO
When it comes to starting a food business, there are many options out there. Like A TON. And in most cases, you want to open a small business that has demand and is profitable. That way your road to success is higher.
Well today I'm going to share with you some profitable food business ideas that you can take and begin your journey. I go over the pros and cons of each so you can make a more informed decision on which food business best suits your unique situation. Cause the beauty of these are that you can start a restaurant or start a cloud kitchen or start a food truck or start a food business at home.
So if you're an aspiring restaurant owner, want to open a ghost kitchen, thinking about starting a food truck, or part of restaurant management, then keep on watching!
Top 5 Most Profitable Food Businesses in 2021 | Small Business Ideas 2021
• Video
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#foodbusinessidea #smallbusinessidea #foodbusiness
Chapters:
0:00 Intro
0:23 What food business to start?
0:44 Profitable Food Business Idea #1: Cookies
1:18 Pros & Cons of Cookie Business
4:01 Profitable Food Business Idea #2: Fried Chicken
4:47 Pros & Cons of Fried Chicken Business
6:30 Profitable Food Business Idea #3: Restaurant Meal Kits
7:04 Pros & Cons of Restaurant Meal Kits Business
9:57 Profitable Food Business Idea #4: Burger Joint
10:08 Pros & Cons of Burger Joint
12:35 Profitable Food Business Idea #5: Boba Shop
12:53 Pros & Cons of Boba Shop Business
16:07 Secret To A Profitable Food Business
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👤 ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
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I love cookies
This is for my own reference:
1. Cookies
2. Fried chicken
3. Restaurant Meal Kits
4. Burger
5. Bubble Tea
:)
Hey can you make a video on how to find suppliers. Make custom made product or food supplies.
Will add to my bank of video topics :) thanks Fahad!
I love good food that doesn't makes you feel sick after eating. I am from Baghdad Iraq, and there is no healthy food restaurant here, even for me, I always have to wait until I come home to make something good.
So I would like to give this service to my community, and it is something I enjoy doing.
I didn't start yet, I am in the stage of planing and putting the numbers.
me and my cousins are thinking of opening a bakery and coffee shop, our country is a bit not that big on modern pattiserie and coffee so we're starting a new thing but taking the risk is what we'll make us succeed i believe
best of luck!! Hop into our FB group if you have any questions
Cookies are actually really hard to sell. The best selling cookie are always the half bake/soft cookie. Very few people like nice crunchy hard cookie. The issue is to get that amazing soft bake texture it not fully bake and some people think it is raw. It is not raw, it just not bake til it is hard which people consider bake. It is like a steak. No one want a hard overcook stake but some people think anything beside hard completely no pink center is consider a fully cook steak. Same for cookies. So you have to time your cookie just right and if you mess up you get raw cookie, under bake cookie, or worst hard cookie (that almost impossible to fix unlike the first 2). You do need to be a good baker to make these cookie not your at home baker who bake once in a while. I know all of these cuz there a famous cookie place near me and the #1 complaint is the cookie are "raw". They do sell a lot of cookie so it show like steak people perfer less cook then over cook cookie. I bake quite a lot and soft cookie are really hard to make. Sometime I time them wrong and it is too "raw" and sometime (even 1 min) and it is too over bake. I am really picky on the exact doness of a cookie and I think most people are too. If it too "raw" bad review and if it a little over bake people don't buy as much as they look for the gooey oozy cookie. People don't appreciate how much effort goes into the perfect cookie.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
i wanna start a food business because to me, food is one of the ways to show love. My parents don't say I love you or anything like that but they make us food that me and my sister love and that's their love language. I wanna do the same and feed people.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Excellent video thanks. Some items repeated in other videos but still very useful
Hey love your work, Where is your in-depth video on how to start a bubble tea restaurant video you mentioned in the video?
Coming soon :) Jason messed up the video order lol
Hi Wilson! Would like to know how to do the "business math" such as how to compute the breakeven cost and how to compute how many goods to sell to make breakeven, etc... Thabks so much! Love your videos! It has helped me a lot!
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
I love to eat and cook some food especially if I hear their positive feed back it so overwhelming so I want to try it
Great video-thx
Very inspiring. I'm enjoying your video.
Glad you enjoyed it Lina! Which one catches your interest the most?
thank you for sharing your ideas!
Glad you like them!
Thank you for showing this video. There is very interesting ideas
Glad you enjoyed it!
I want to start a food truck business. But I want to get my name out there and start making money to save money for a food truck.. I have so many different ideas.. but what I think I’ll be focusing on is panini sandwiches with my homemade bread, pancakes and maybe French toast with yummy breakfast and lunch fillings. My business name is gonna be called SMASHINI or NATALIE’S SMASHINI
This information is awesome.
Thank you. I've been wondering how too make more money.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
16:00 wow, such an in depth invisible video. :3
Btw, I love all your videos! I am thinking of opening a smoothie business and you got me with the last one.
I think it would work, but was thinking of preparing the smoothies, in 3 colors, then putting them in a refrigerator bad and going in the street to sell them.
Do you think it would be a good idea?
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Thank you for your content
My pleasure Iam! Thanks for tuning in!
Please make a video on how to keep your customers want your product even tho its a trendy type of product, especially when the trend subsides
That is a tricky one cause I first went the trendy route, but then found very difficult to sustain. Having products that people come regularly for and not just once for the trendy item is way better business model. Having seasonal trendy items ontop of staple items is more ideal imo.
I want to start a vegan fast-food chain to promote sustainable consumption and so people have more vegan-friendly options. Plant-based products are a growing trend as well, so it would help meet the rising demand.
Definitely a growing market! Would it be vegan burgers or ???
I wanted to start a food truck business. Mine was going to be food inspired by pokemon and the series and game. My plan is to make different curry dishes and create different drinks that are by pokemon, as well as malasadas from the sun and moon series
OMG Please tag me if you ever make one. I will pay just to have it ship to me lol
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Thank you *LEE* I usually don't watch this kind of videos they are overwhelming and useless. But this one sounds *genuine* and well *researched*
This is a new Subscriber 🤘
Glad you enjoyed it! And welcome to the fam ;)
Hey Wilson, I just found your channel, you are very knowledgable for sure! The 80% margin you talk about on the burgers seems really high to me. Are you assuming a very high price point on the specialty burgers to get that percentage? I'm looking forward to checking out more videos on your channel and some day a free course! Congratulations on your success selling your business and growing your channel!
More gourmet and I should specify, gross margins! Thanks for pointing that out and being a supporter!
been a chef for 40yrs have a lot of knowledge and cook well,and have food cost down.want to open small restaurant before i retire.
What kind of restaurant you thinking about Don?
My husband is seeking to retire. We have always wanted to be in business together. While he worked his full time job, I homeschooled our son & I started a floral design business...its was ok but too much "physical" work & I guess was just not the right time because he helped on weekends so there was no down time for him. Well, we figure with his configuration management profession & both our service gifts, we can now join forces with him retiring & we want to open a coffee shop with books, games, snacks & a peaceful location away from the "home office"
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
I want to start a mobile boba tea business. Is this feasible as a part time business only catering to small events on weekends? Just not sure if it would would require same health permits since its only water and a mix.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
1. Special Cookies eg Vegan, premium bundles (great confort food, loved by everyone)
2. Vegan Fried Chicken (confort food, repeatable)
3. Restaurant vegan meal kits for 2-4 people (if you already have a restaurant)
4. Vegan Burgers (great margins, B&M, cloud, truck, be clear on how you differentiate)
5. Vegan Bubble Tea (easy QC, suitable to small place, great margins, low skill set)
Another great video... Well done! 2021 will be a great VEGAN Year!
1000%! Before I've had many friends who had a lot of trouble finding vegan spots or items (especially tasty ones) in the city. But now there are specific vegan restaurants and options at most places here. And the options will only grow :)
To sum it up. Everyone love these top five and they are all very competitive. You just have to be creative and lucky to make it big 🤔. Homemade food here i come
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Wilson I ask that you help me to work out the costs of making a 300mm Pizza, I Thank You 👍
Thank you so much
No problem!
With cookies, how can there be high margins and high competition at the same time? Contradictory unless you are not really adding in ALL the costs but just considering ingredient costs.
I'm looking to finesse a vegan bubble tea concept ... keep grinding my people! Peace from Denmark 🇩🇰
Nice! There is a growing tea house here called Paragon Tea Room that is doing well with Vegan bubble tea + teapresso. Could be good inspiration for you. Best of luck Christian!
@@WilsonKLee Paragon Tea Room, I'll look into it.. thank you for the high quality content and great tips.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
You are so cute and handsome man😉 thank you for all your big work!🙏🏻
What do you think about a soft pretzel business?
I don't know too much about that business but some questions I would go find out....what's the demand like in your area? Is there someone else who is already doing it successfully? If so - how much can you estimate in revenue and in profit margins?
Thank you so much Willson , so helpful, God bless you
Thanks for tuning in Tishan!
Food is Love
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
I want to begin a nice cafe...great atmosphere, great concept...🌎 The Venezuelan Immigrant writer 🇻🇪
how about sushis?
what is this shushi and where can I get my hands on some
at a shushi restaurant
Hey bro 🙏, pls make video about Indian food marketing
Do you mean marketing indian food or the location?
@@WilsonKLee marketing in India
I want to start food biz coz, it's basic need for leaving.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Been thinking of a drink concept similar to boba teas for a while. I live in a Latino majority community, I was working on a drink business that sells similar drinks that are sought after in the Latino community, a twist for differentiation.
Great! If the characteristics are similar (ie. easy to make, low price, little equipment needed, has demand), then you'd want to think about the business in a same manner as a BBT shop.
I want to have a bubble tea shop but omg I'm so scared ...I dont know if I will be ready someday 😓😔...my reason is to have a place to chill idk maybe some games ...😩
Look I know how you feel. In fact so many people message me the same thing. And 50% of people who join my FB group - when I ask them their biggest frustrations - is that same fear. You don't know how to start, where to start, or if you have what it takes to do it on your own. I hope my videos are able to help you get a little bit of confidence on how to navigate this journey.
And if you want to the step by step process I used to start, then I recommend joining my free masterclass. It should give you some more clarity on what to do slowly to build that bubble tea business of yours! I believe in you Kat!
@@WilsonKLee Omg thank you so much 😭💜 just reading that makes me feel more motivated.
Society has a need for food.
Thank you so much 🙏I am planning to open a restaurant , can I have all these five things in my restaurant?😀
Hey Jessica thanks for tuning in! I would not recommend having all 5. You'd be spreading yourself too thin! It is best to be very good at 1 (or 2) and be known for that. And once you get all your business operations and service and marketing dialed in, then you can expand product lines. Getting the right foundations is already A TON of work. So having so many different products (that aren't quite complimentary) can be overbearing.
Definitely recommend attending my free masterclass if you are just in the planning stages of your restaurant.
Hey wilson
Thank you for your valuable channel content
I have a question
Do I need a franchise of bubble tea??!
Or just create by myself
In my country this business is not available
I guess it will be successful
You don't need to get a franchise but there are definitely benefits (and cons) of doing so. If you choose not to then you can have more freedom with recipes and marketing. But make sure there is demand for bubble tea in your area first before starting it.
What about the crepes business?
I personally don't see a huge demand for it. But i can see it being decent margins and not needing super skilled talent or that much equipment to start up.
@@WilsonKLee Thank You!!!!!
How can you make a vegan fried chicken??? I'm confused
Just like how there are vegan burgers via. Beyond Burgers. Vegan fried chicken can be made out of tofu or mushroom. Search up some recipes on youtube and you'll see :) quite interesting!
@@WilsonKLee
@Wilson K Lee - How To Open A Restaurant / F&B Shop I'm working on a small cafe in my native town with very limited budget and I'm trying to implement alot of new ideas that I'm getting from UA-cam and when I came across your channel I was greatly enriched by your content and I'm so thankful to you bro❤️. Learning alot new things here including that Vegan Chicken🤣 so thank you so much for sharing your videos and enlightening us all, you're indeed a blessing to alot of us who are just starting now.... I wish I can reach to you and learn more from you in person but even if not I'm grateful to you bro. Take care spread joy.
@@WilsonKLee I wanna show you my place and the cafe which I'm presently working on! I'm investing less than $2k. It's located in Nagaland: India.
❤️
😁
What's shushi?
shushi duh
Only thing about fried chicken wing is that it cannot be made vegan
I love bubble tea , but there are not many Asian people here
Do you know how the other bubble tea spots are doing in your area?
Can you help me
maybe. if you did your research already then possibly
The internet is full of cookies
I want to make a healthy food business for the black community
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Dear wilson link to buy or view machines needed for bubble tea 🧋 regards
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.