Top 5 Most Profitable Food Business Ideas For 2019 | Small Business Ideas
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- čas přidán 15. 06. 2024
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👀 ABOUT THIS VIDEO
In this video, I'll share 5 different food and beverage concepts that are highly profitable and requires relatively low capital to start. Each of the 5 profitable food business ideas have their own advantages and disadvantages that you should know before picking one. I go through all the pros and cons of each.
What exactly makes them great extremely profitable small business ideas? Things like high product margins, low skilled labour being necessary, and low investment needed.
So if you’re looking for profitable food business ideas, new business ideas with low investment, AND ultimately to start a small food business - then keep on watching!
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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.
Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results.
Find more great resources, check out www.wilsonklee.com/
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0p0p0pp
I like that you focused on CoGS. This was more informative than I thought it would be. Great research, good video.
thanks for the kind words! what other vids would you like to see?
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
i really like the way you talk about the topic. Calm voice and thorough idea are the best combo 🤓
thank youuu! :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Great video. Finally somebody approaching F&B from a business perspective, managing costs, understanding margins, volume, etc. The Bubble Tea one was new to me, but we knew the others fairly well. Pizza is so heavily saturated these days, hard to compete where we live.
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
First timer!
Love your simplified way of presenting in a calm,confident fun WAY! Subcribed at once!!
Look forward to hearing more interesting topics.
Thank you so much!!!
Thanks for the support! :) let me know if there are any specific topics you'd like me to cover! 😀
First step in business:Listen and take note's.
🙏🙏
Then take action! best of luck and stay safe out there!
This video is informative because you included the pros & cons and the Cost of Goods Sold (COGS). Thanks for doing excellent research for this valuable content! Kudos to that, Wilson 🙌
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
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
@@Zo-hc2fn That sounds like a cool concept
@@cateringcoachal thanks, you are free and welcome to use it
luckily i watched this video or your channel in generall before I open my own business in Germany. Hope to see you somehow in the future. Cheerrrrrsssss!!! 🎉🎉🎉
Glad this was helpful Athena!
do you like this idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way 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 customers via an app,
I also made this infographic to give more details : ibb.co/DVrFvtn
Love these videos keep them coming !!! My brain is growing every day !! 🎉🎉
Thanks! :)
Ur brain is still growing?? Better consult an doctor....or else u will end up alien👽 , carrying ton brain
Ganeshgouda Patil I didn't mean it literally 🙄🙄🙄🙄🙄
Never stop making videos bro! Thank you
More to come Sergio!
Hi Wilson... I'd like to thank you and express my admiration for your brilliant and consistent interactions with questions, your prompt responses, and your great feedback. All my respect where I doff my hat.
ahhh thanks brother. it does take commitment and a certain amount of character.. :)
that was great and very informative! maybe you could make a 2021 version? we could see what changed in those two years
Yes i have a 2021 version on my channel :)
Glad I found this, very useful and informative
a good informative video.thanks mate.by the way,any tips for foos business starts-up which focus on brand expansion?
Can you share more info?
🤔I Wish you would lower or completely loose the background music so I can hear you better. It is just me wanted to give you undivided attention 😊 take it easy! Thank you! We love your vedios very informative!
Thanks for the tip! new vids don't have music. :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
U can use AI to remove de music
Some Great information In this video. Thanks for the knowledge.
+M.A.K anytime! Glad you liked it.
I have an idea :
it's a new type of restaurant : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Wow! Love this! Thank you for sharing your insight into this topic :)
Glad you enjoyed it!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
You are awesome bro You have given the shape to my thought thank you so much for making a great and wonderful video
Thank you! let me know how else i can help! :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
You always inspire me with your videos! Thanx so... Much!!
You are so welcome!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Love you content Wilson so inspiring! Keep up man:) running Sushi i Norway (Mr. Fish) myself
2.15 when he gets to point
Thanks! Best of luck!
Great material! Could you do a video on how much the mainstream restaurants and food chains make?
What do you consider as a mainstream restaurant?
@@WilsonKLee maybe a few chains like mcdonalds, Ihop, and panera bread.
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
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
Thanks for the info, Wilson.
Thanks for the great video!!! i never own any f&b startup but very interested to do so. How you rate an ice dessert shop(korean bingsu) business?
bingsu business is amazing in terms of margins and production as its requires low level skill.
Just found your video & channel, very informative, liked & subscribed.
Appreciate it!
This is amazing. Thanks. Wishing you great success.
Thanks! Wishing you the same :)
do you like this idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way 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 customers via an app,
I also made this infographic to give more details : ibb.co/DVrFvtn
Stumbled on this just made the commitment yesterday to start my business. Ive been in the industry all my life but Covid has made me look at things a bit differently. Thank you for the guidance. Solid channel you have here.
Fantastic! our free masterclass coming up on november! make sure to sign up!
same here..i escaped the corporate life a year ago. been planning to start my own food business.. i was thinking of a burger joint but this video made me rethink what to do..thanks!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
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 very much for the IDEAS
new sub here
Thanks for the info! Quick tip though, dive in a bit sooner. You talk for like 2 minutes before actually diving in. Still appreciate your effort, its good to know what is currently popular in F and B. :)
+Alison Ellerbeck thanks so much for taking the time for the feedback! Appreciate it and will def work on that for the next ones!
Hi awesome video. I appreciate the time and effort that was put towards research. Also like how the focus of the video is about CoGS, especially as a person who is interested in this industry. How would you rate a dairy free mousse dessert bar or a dairy free dessert bar?
Depends on the demand in your area. Are people looking for dairy free desserts? Who else is selling that? What's their traffic like?
Love you content Wilson so inspiring! Keep up man:) running Sushi i Norway (Mr. Fish) myself
keep it up! Mr Fish! let me know if you have any questions! :)
Where in Norway is your shop?
Tuan Rifkhan Samat Torshov? Oslo?
Wilson K Lee thanks you! :D would love the icE cream collab if possible one day. The WestJet condition is kinda the same
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Thanks for your content. Nice one. Just wanted to know if possible "Low cost mass scale meal production and supply ---is it profitable?... The place is not visible, onetime cooking and multiple serving and all the units are a grab n go... major are pre orders. If no, then why? "
could be profitable due to buying ingredients in bulk and having the economy of scale.
Hi Wilson, Thanks for this video. A quick question what are the margins in a coffee business please?
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
Well.said wilson...thanks for sharing these ideas...
Thanks for watching!
Since the pandemic, I'd say it's the pizza shops that are the only segment of the industry that hasn't been hit and is actually benefitting from the shift. They already had delivery and takeout is common with pizza. They didn't have to pivot too much. When I work with restaurant owners, I teach them how to use systems to carve out a 15-20% profit margin. It takes discipline to follow the systems and make sure the systems are followed by management. This helps tremendously when terrible economic conditions and crises occur.
spot on david!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
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
Well done this is amazing tips for beginners and is very easy to manage doing any of this 5 options that you give .But in my opinion this could be amazing if you open all 5 in one which gives people more options too choose when the visit the bussines 😁anyway i talk to much thanks for this video amazing stuff bro you earned my respect 👏👏
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 this video. It helps us a lot. Godbless
Glad it was helpful Shiela!
I love your videos so much! I been trying to figure out which business to start and this video really helped me completely!!!!!!!!
Thanks for stopping by!
do you like this idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way 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 customers via an app,
I also made this infographic to give more details : ibb.co/DVrFvtn
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank 💯
This channel is awesome !
YOU are awesome! 😄
Thank you very Informative. So this data is ore-covid, do we have anything about the F&B industry in canada post covid?
2021 version coming up soon!
I am very humbled by your video, thank you for the inspiration😊. Might I perhaps ask you what are your thoughts of restaurants Biz after covid 19? I just sub to your page and will take notes!! Thanks
Glad you found the video inspirational! I answered that question in more depth on my recent live. But restaurants (and every business) will need to adjust to the new rules. The consumer behaviours have changed and that will need to accounted for. Are restaurants still viable? Absolutely. People will still go out to dine because it is an experience we crave.
cheers bro. love from singapore
Hey man, great video!
Can you make a video explaining how to choose a perfect location?
Love from India ❤
Great suggestion!
already have it on my channel! :)
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Took long introducing the idea I nearly tuned out... but it was a good presentation
trying to find the sweet spot :)
Lol I watched this video out of pure curiosity, as I’ve been thinking about expanding my business. I currently sell pizza, pasta, ice cream, and bubble tea 😂😂😂
I’m also in a seasonal, tourism-based location, so honestly this video couldn’t be more spot-on!
thats awesome!!!! :)
Very informative video.thanks for sharing
Glad it was helpful!
I love the way you speak, Very informative Vedio God blessed 😍
True😂..... True🤣😂..... Great vedio.....
Am sorry if u made a spellin error, and if it was done on purpose, then, dang..... Creative
Thank you so much 🙂
Thanks for the tip it is so helpful
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
Thanks so much for the video. I am thinking about noodles restaurant. May i ask if there is a training place in USA? I know there are a lot in Japan. Thanks again.
what kind of training place are you referring to? If you are brand new in the industry and want to learn the trade, i do recommend going with a franchise. on the other hand, if you are willing to learn and hustle, trying it out on your own works as well. email me and i will send you some resources applicable to you. wilson@720sweets.com
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Thanks awesome insights. What about Top most business this 2020?
I have a vid for 2020 in my channel :) but it was made early in the year (before the pandemic) so it may be slightly different. Would include online components in each.
Thanks man your advice helped me a lot I have chop and I was loosing money because I could not control my item prise
All about the numbers!! Really look at it. Best of luck
Hi Lee, what do you think about the prospect of healthy F&B business such as Fruit Smoothie and Smoothie Bowl? Is it scalable and high profit margin?
Have you done your research of the shops in your area?
This is my first video I watched about food businesses, I need to have ideas because I'm a second year food technology student. So thank you
Kian Salcedo yea you would need to know a shit ton of things to open a business and to keep it.
@@gabe1431 I had handle a small business but large space I sell shoes and slippers when I take gap year and what I learn it is what you say, business has allot challenges everyday.
Kian Salcedo that’s good man! How’s it going for you ?
@@gabe1431 I gave it back to my mom because I want to focus on my study now, because I want to be part of business, I mean hoping going abroad and apply the business. How about you?
Kian Salcedo oh ok currently I do t own a business yet. I’m getting into business management so hopefully open a store when I finish college
Hey Wilson,
Love the videos! $200,000 a month during peak seasons for Boba seems extremely high, that's roughly over 1,300 daily cups at $5 a cup. Is that feasible in your experience?
I can see that being possible. At some places they are so jam packed with customers and people ordering 4 to 6 drinks at a time.
to put into perspective - KFC New Lynn in Auckland, NZ sells 500 buckets during dinner/peak - they make over 20k gross in that time, that is per day
My boba trailer at busy festivals makes $600/hour. Sales that is.
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
Love this video, was great..
From Tanzania 🇹🇿
Thanks for the LOVE! :)
@@WilsonKLee and sending love from next door of Tanzania... Kenya 😂😂😂
Great video! Can you recommend something for me? I have a 13000 square ft lot on major highway at major intersection, lies in TIF zone and high high volume of traffic. Easy on/off highway, already zoned business. 200+ frontage road. Lot Is a bit irregular in that it is more long than deep. Besides a gas station , which others near by already building any ideas to capture high traffic
coffee, quick bites, washroom break. make it easy for those who drove for 4 hours, tired, exhausted, hungry to come and consume and refuel at yours.
Would you rent a spot for someone who has a business idea?
Thanks Wilson!
Thanks for stopping by
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
thats innovative! not sure if its feasible though.
My idea would be to have a regular standard menu but with a monthly planner where customers can sign or choose which specialty item to be made for each next month maybe ? 3
choice items and mosted item would be chosen to be the specialty item only available for that corresponding month until the upcoming month after :)
Thank u for this info
Subscribed! Also you state that certain business like the pizza shop have a high investment rate, why is that?
higher investment rate because you need the stove and rennovation and licensing and such as opposed to something like a cafe.
Thank you for sharing such a good knowledge.
thanks for tuning in! I recommend checking my updated 2021 version too!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
what do you guys think about opening a small burrito bar as my first investment? friends love my burritos, I've found a nice, cheap place to rent (its near a gym, and Im targeting fitness people, because its healthy food, with rice, vegetables etc - alot of protein and vitamins). Waiting for your opinions 🤔.
as long as burrito is a staple food item in your area, i think its not bad. you should survey the gym people and see whether they are actually looking for burritos after a gym session. my assumption is that they will want to head home or they meal prep. know your audience's needs and give them what they need/want in their current state of mind.
@@WilsonKLee thank you for your wise advice!
Hello Wilson how successful is a food deli business? I’m looking into starting a food and beverage business.
always a demand for food deli at the right location. volume game though.
Love this video...now i know Im on the right track. Thanks Wilson
keep at it!
I’m definitely slowly starting out a business plan to sell wood fired pizza straight from home. Raise enough capital in the meantime to open up a physical location which has a decent amount of tables for dine in.
Hello I just want to know have you started yet
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
@@Zo-hc2fn well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services and I can help you up with the Idea you have, I can help provide an app like that
Please what of corndog and chicken and waffle cone restaurant, it's been in my mind for a while and I just rounded up school...do you think it will work (might introduce bubble tea also but want to start with these two first). Eagerly Awaiting your response...
sounds delicious! for the right demographic, this will be a killer suite of menu. the trick is to find the right demo and place it there.
Lovely especially the tea business
Love the tea business!
Thank you very much...so helpful and iteresting as well
thank you!
Also you should talk about exotic profitable food business ideas for 2019 (like Mexican food, Greek food, Chinese food, Korean food, French food, etc.).
that is such an amazing idea! :) you should def tune in my next video...
@@WilsonKLee thanks man. I just thought of it a few hours ago lol!! 😂🤣🤣😂
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
The music was louder than your voice and not sure why you needed it when your content was interesting already? Thanks for taking you time posting this and interesting to know 😁
Thank you very much
Some Great information In this video. Thanks for the knowledge.
Doesn't work in all the countries of the world.
Think global.
This is amazing. Thanks. Wishing you great success.
100%. It all depends on the geolocation and target market. Appreciate you stopping by.
Thoughts on "snack" buisness? Something that you make and then put in supermarkets or gas stations i.e. beef jerky
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
Was watching this cause I wanna know the different types of restaurants/f&b offerings. I’m trying to do a business plan for my fruit shop (offers fresh fruit, parfaits, fruit salads etc) but I’m not so sure about the profitability on a larger scale. I usually do it from home and there seems to be a demand for fruits on the go. What do you think
Have you checked out my other video on writing a business plan?
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
Im 14 and own a ice cream truck in Montana and know you inspired me to to sell bubble tea. But I don’t know as the same business or different. I would love to hear your feedback on if I should sell it on my truck or a separate business!
wow! props to you for joining the club so young! selling BBt isn't necessary the same business as selling ice cream, but is a great add on. you will need to educate your customers and let them know you have this as well. aim to have your BBt line's revenue exceed your IC revenue. This way, you are more diverse and can even start doing catering and such. hope this helps!
Ok thank you very much!
Very good work!
Keep up the focus and commitment to build your future without distraction from PEER group etc.
God WILL bless & prosper the labour of YOUR HANDS in Jesus mighty name. Amen!
Wait, someone on CZcams giving actually useful content for free!? 😵
Thanks for this
Hahaha thanks for the kind words! Just sharing my experience, thoughts, and the interesting updates I find on the net. Basically a channel on things I wish I had available when I started years ago. If you're interested, I made an updated 2021 version of this video. You can find it on my recent videos!
Thanks for the vid. The bgm is louder than your voice tho. :)
Vending massage chair is very profitable and low entry costs and have the ability to scale over time. The average cost of one vending machine is $1000 to $2500, which means that two would cost you as much as $5000.
What you think of a fried wing with side sauces make it only app ordering and website ordering and curbside pickup only ?
great idea if you can locate the right demographic.
You mention bubble tea shop being low investment start-up but can you tell me what is average cost for it? the information I found is telling me its not so low investment.
P.S. can you advice if opening bubble tea shop in the city where there is literally zero boba shops a good idea? is it good or bad to have no competition?
There are a lot of different factors in can bring up or down that number you're asking for. ie. location, build-out, franchise or not, country, etc. But including operating costs it could be ~$150K CAD all-in. It could be 1/2 of that depending on where you are and all those other factors though.
I wouldn't recommend opening a bubble tea shop in a place that isn't receptive to the drink. There being zero shops could be a telling story. You want to make sure there is actual demand from the market. IF there is demand and people are receptive to it, it may be a good opportunity to fill that need. But tread cautiously and rreally really do research first...
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way 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 made this infographic to give more details : ibb.co/TkF9nHs
Very nice, great ideas, Thanks
Thanks for watching!
good content, nice work
Much appreciated Otto!
Need some extra ideas
Just found your video & channel, very informative, liked & subscribed.
Just found your video & channel, very informative, liked & subscribed.
thanks!
Hi! I'm a student here in the Philippines and I just watched your video because we have a project in a subject 'Entrepreneurship', and we'll make a business plan. Can I ask you some questions? I have come up with the idea of having a food truck because I think it's better than having a restaurant, less hassle and can go to any places. Me and my partner haven't decided yet on what food should we sell. Ice cream was our first option but I don't know what other types of food should we add to make the business always attracts the people. Should we just make the ice cream to have unique flavours and make it the only food to sell, or add other food like sandwiches, drinks etc.? By the way it's our project and it'll be a big help for me and my partner if you've given us your opinion and answer. Thank you! *sorry for my wrong grammar though
hey mida! best to email me your questions :) wilson@720sweets.com
Hi
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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
What would be some of the criteria’s someone should look for to start a bubble tea shop?
Take a look at my updated 2021 video on this :)
Thanks for the video!!
I got a question...any idea how to move a tuk tuk on a highway? On a platform or??
Pls any advice
No idea - not my line of work
thanks man really informative
glad you found it helpful.
what do u think a out food carts? insights please. tnx!
toughy during this environment. unless you use it as a multichannel purpose distribution
Please mention about the lease, what about the business is not doing well, how to cancel the lease, this would be useful for new learners/students. thank you.
Thanks for the suggestion! Actually filmed one recently about business lease and what to look for in lease agreements. Sadly didn't cover the scenario when the business isn't doing well or cancellations. Maybe a good follow up video with those topics!
@@WilsonKLee Thank you very much. This is my very first time to received a reply via utube. I now know next time where to look : )
Im costantly learning & I appreciate it
Glad to help!!
I have an idea :
it's a new type of restaurant : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile 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 a mobile app
Pasta and Pizza is in One menu i think but in the Philippines is INASAL is the final number as the most food ideas this generation ☺️
yup! depending on your location, the food selection would be a bit different. cultural difference plays a big part.
Maybe for bisaya people only
Hi, is this report and research base on vancouver?
There are no bubble tea shops in my downtown area. Thank you!
Good explanation ✨
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Seems like a west coast list to me. Thanks
yea actually thats quite accurate. how does east coast look like?
@@WilsonKLee I couldnt tell you.
Definitely west coast, I'm in the south, down here 1 through 5 is going to be fish, bbq, bbq, fish, chicken and pop. 😁✔
Very, very interesting...
I think so too!
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 way 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.
Thanks 👍
thank you!
what do you think about a breakfast place?
HEY WILSON MY PASTA HAS , EGG, OLIVE OIL AND SEA SALT AS WELL.! HIGH END PASTA !
I have a ramen and sushi restaurant. We use to just do sushi but we redid our menu and added ramen. Ramen is great easy to teach our employee therefore like sushi we don’t need a skilled chef. Our business grew double and I rather do ramen then sushi. For my next business i rather do just Ramen
that is amazing! exactly what I talk about in my Winning Menu matrix! would love to shoot an interview with you talking about your experience with this! email me! wilson@720sweets.com
Wilson K Lee I would love to talk to you. I will email you soon.
Wat is this business
CJCashMoneyIMVU We are a sushi and ramen shop we earn gross profit 780,000 last year. Our 1st year was less 660,000. Open 6 days a week and closed on holidays.