Taking Your Love for Food to the Next Level? 6 Food Business Ideas to Try

Baichday December 9, 2020 No Comments

Taking Your Love for Food to the Next Level?

6 Food Business Ideas to Try

Ah, food.

Not only is food essential in keeping you alive, but it also helps make you feel more alive.

As a “foodie” or someone who has a specific interest in food, you’ve probably gone through many hoops and walked tightropes just to experience that gastronomic “Eureka!” that you long for.

Out of all your endeavors – from writing a food blog to becoming a professional chef – was there something that made you realize your hobby’s monetary value? If there was, it may be the right time to use that as inspiration for your first food business (or subsequent ones).

To help you decide, here are six food-related business ideas that have the makings of a profitable venture:

1.   Bake Shop

Many people who love food also tend to consider baking their favorite hobby. And why not? Almost everyone loves cakes, sweets, and other treats. Plus, there’s also a creative side to this wonderful venture that you can look forward to.

This type of food business is easy to venture into because you won’t need a lot to begin. Many people start with a home-based business to test out its feasibility on a small scale before diving deeper into the business and moving with the big leagues.

2.   Meal Planning Service

While this may not seem like a prestigious career path, meal planning is considered an excellent food-related business idea today. With people becoming more concerned and conscious about their health, many would pay to have an expert plan their meals for them.

This food-related service business entails helping people eat more healthily within a given period. If you choose to enter this particular market, your clients will mostly be people on a strict diet aiming to lose weight or to address other health reasons.

Basically, you’ll also come up with a planned schedule for every meal of the day to help them minimize snacking and indulging in unhealthy habits, like impulse eating.

In short, your role will be very similar to that of a dietitian.

3.   Organic Food Shop

As more individuals become more concerned about their health, they also become a bit pickier about what they eat. This has paved the way for organic food to become more popular.

You can take advantage of this surge in demand by opening up an organic food shop.

Sure, supermarkets and other grocery stores may sometimes have a few organic items on their shelves. However, you can bet that a store dedicated to these products will offer more variety and will thus be more appealing to shoppers seeking such food alternatives for a healthy lifestyle.

4.   Bubble Tea Shop

Team up with a food and beverage company that sells affordable and high-quality ingredients and open your very own bubble tea shop.

Considered one of the most profitable food and beverage businesses in 2019, bubble tea shops remain a popular business model because of the relatively low cost of goods sold (COGS) that ranges from 10 to 15 percent.

Plus, these products are so easy to make that you can keep the product quality consistent with just a specific formula or recipe. On top of that, you won’t need to hire anyone certified with special skills as most of the tasks involved only require minimal talent and training, and the tools and equipment necessary are relatively cheap.

Besides, bubble tea shops also have a high turnover rate. Since most of your customers will be getting their drinks to go, you won’t need a big work area, but you’ll still be catering to a bigger market.

5.   International Food Store

Specialty restaurants help consumers try out different flavors from various places without even leaving the country. The same goes for international food stores.

Also known as international groceries, these stores offer imported food from many different countries, nationalities, and cuisines. They typically sell food items, drinks, treats, condiments, and even alcohol native to other nations. You may also find the occasional kitchen instruments and toys in this type of shop, making it a versatile business model.

So, if you’re someone who loves exotic foods and other things related to foreign cultures, this food business is definitely for you.

6.   Jam Shop

Jam shops belong to a specific niche, but that doesn’t mean you’ll have a limited number of unique products to sell. With plenty of jam and jelly flavors, this type of food business can be quite profitable, too.

Aside from serving as partners for toast, jams and jellies can be used by pastry chefs in their creations. Some bakers even use these to fill cake layers.

The wonderful thing about this business model is that it is quite flexible. If you’re the one making the jams yourself, you can expand your reach from direct consumers to retailers.

Or, you can start by consigning your products with a local bake shop or grocery store. Whichever the case, the extent of your network would play a critical role in your business’s success.

The Tastiest Business

No one can argue that food businesses are the tastiest sort (quite literally). Pick one from this list that matches your unique preferences, and watch your love for food grow into a fruitful income-generating endeavor.

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AUTHOR BIO

Jad Asaad is the Marketing Manager at Bidfood UAE with more than eight years of experience in digital, online and offline marketing. He started his career in Beirut working in a creative agency and then moved to Dubai to further expand his career. He created and implemented award-winning high-impact digital and offline marketing campaigns that consistently generated revenue streams and improved performance in targeted segments.