When everything fails start a food biz
Mcdonald’s and Domino’s have been growing for five straight quarters.
Mcdonald’s and Domino’s have been growing for five straight quarters.
What does it mean?
Their same-store sales growth has been more than 14%. So did their profits.
Both have cut down their costs.
Both have introduced new products ( whole wheat buns and multi grain crust), which their customers have liked.
Food business is an outlier:
Businesses such as construction, garment exports, manufacturing are not performing good.
Traditional food businesses such as Domino’s, Pizza Hut, KFC are growing.
Startups such as Burger Singh, Chayos etc. are also growing.
Bigger picture:
It’s a good time to start a food business as cost of launching will be less ( lower rentals and manpower availability).
Government has increased the tax exemption limits and allowed more deductions. People can spend more money on eating out.
Food delivery apps allow to kickstart a venture without owning a brick and mortar shop.
How to start food business?
Watch how to build a food truck business .
Checklist for starting a food business.