There’s a lot of money to be made in the food industry. The fast-food sector alone is projected to make 219.3 billion dollars next year. There are a lot of ways to get involved in making money off of food—from drop shipping supply to starting your own restaurant, there’s still a lot of room in the space. Many people shy away from opening their own restaurant or food establishment, though, because of a misconception that most restaurants fail in their first year.
While no business, (restaurant or otherwise), is immune to failure, there are a lot of ways that you can prevent your restaurant from failing. If you have an affinity and talent for cooking up food, then why not turn that into a way to make money by starting one of these eight delicious businesses?
A Food Truck
Food trucks have been on the rise in the last few years, and why shouldn’t they be? They’re mobile so they can go where all the crowds are, the startup costs are a lot lower than the startup costs of a restaurant, and they allow the chef to focus in on one or a few of their specialty items, perfecting them for their patrons.
If you’ve been told you make the best tacos around or make French pastries that are unmatched in the United States, starting a food truck is a great way to use your creative outlet and earn a little extra, (or a lot of extra) money in the process.
A Catering Service
From corporate lunches to company Christmas parties and children’s birthday parties to weddings, there are tons of events that people need to be catered. If you love to cook for crowds, a catering service may be the perfect business for you to start. Whether you specialize in salads that look too good to eat or can create a full five-course meal that will stun even the pickiest of eaters, there’s a lot of potential business out there for caters like you.
What smells better than fresh baked bread, pie, cake, cookies, brownies in a bakery? The smell of fresh baked goods is enough to draw in a crowd, but if you love to bake up sweet treats and soft bread that people can’t get enough of, then you’ll likely have a lot of success if you were to open up a bakery of your own. You could serve a variety of cookies or specialize in wedding cakes. Or, if you like to do it all, you can offer pies, rolls, loaves of bread, tarts, brownies, and everything in between.
A Personal Chef Service
Not everybody has the time to make a fresh, healthy dinner every night. They know that eating out can wreak havoc on their bodies, but being short on time means that meals to go are the only option. If you like to cook and create healthy meals, you can offer your services as a personal chef to busy individuals and families who can’t find the time to cook for themselves. Your services will give them a much better alternative to those fast-food runs and help you earn some extra money cooking dinner like you normally would each night.
There’s no getting around the fact that life is busy, and a lot of people have a hard time finding time to grocery shop let alone make dinner. While many grocery stores have begun implementing curbside pickup services, it can still be a hassle to sit down, place an order, then take the time to go and get it. If you have some extra time on your hands and don’t mind grocery shopping, creating a delivery service is the perfect way to earn some extra money and help out those busy families and professionals who can’t make it to the store that day.
A Farmers Market Booth
Who doesn’t love attending the farmers market? It’s beautiful, full of treasures to discover, and an exciting place to be. If you have bees and harvest your honey, love to grow your fruits and veggies, or love making baked goods out of fresh, organic ingredients, then the farmers market may not only be the perfect place to visit but the perfect place to set up a booth and sell your creations as well.
A Specialty Food Store
A lot of people have dietary restrictions and needs that are difficult to find in restaurants and stores. For example, those who are gluten or lactose intolerant often find it difficult to get the ingredients and foods that they need, even with more available options in grocery stores like Walmart. If you have a food allergy and often cook homemade meals and bake homemade dishes that meet their dietary needs, you could potentially make a lot of money selling your recipes or complete dishes to others with similar needs.
A Coffee Shop
Coffee lovers can’t live without it. It’s almost a necessity to get up and make it through the day in anything but zombie mode. While chains like Starbucks and Dunkin Donuts will always be popular and doing well, people love local coffee shops. If you make a mean cup of joe that people can’t seem to get over, opening a local coffee shop could be profitable for you.
Would you start one of these eight businesses? If you were to open any food business, what would it be?