Convert your love of cooking into a highly rewarding delicacy shop business idea. The food industry is one of the biggest and highest earning business. Now start your journey towards an outstanding delicacy shop business.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
Love cooking? Often cook for parties and applauded for great taste? Then you might be missing a great business opportunity. At delicacy shop, you will be selling different prepared foods including sandwiches, cooked meat, salads, pastries, fries, soft drinks, coffee, tea, milk, chicken tuna etc.
You can add other products to your menu according to your region. Delicacy shop receives most of its customers during lunch time. However, you can also offer breakfast to earn more profit. Try to be unique and creative with your food products. High quality at the minimum price will help you to cope with the competition.
The marketing strategy will play an important role in the progress of your business. Advertise in local newspaper and radio. Print flyers with a description of different food products and their prices, and distribute them in colleges, universities, and offices. At the start of business, you will have to offer a few discounts to attract customers and test your food products. You can also offer home delivery services.
Management and communication skills will also play an important role as you will be managing your staff. Maintain high standards of food quality and cleanliness. Seating arrangement should be enough and properly designed. Your staff should be properly trained to engage with customers. Customer satisfaction is everything, talk nicely and always serve food on time.
Most of your clients with be students, passengers, and office workers. However, at weekends families will also visit. Exceptional customer service and high-quality products make this business successful.
Shop: A properly designed shop at the famous eating point. Location nearby office district, industrial malls, and educational institutions are also a good choice.
In-home: Start cooking in your home kitchen and offer delivery services in your area. Suitable as home business or part-time idea during COVID-19 pandemic.
- Food court: Establish your business in food courts mainly in parks, shopping malls, train stations, airports, etc.
- Social media: Use social media channels promote your business through YouTube videos marketing and Facebook posts.
The startup cost for a delicacy shop business idea is high. However, the profit potential is high as a delicacy shop is often marked up 100 % or more. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A business which offers a variety of food options and possibilities. You can also offer to drive-through service.
- Enables you to unleash your cooking passion.
- Low production costs and high customer demands.
- Print and social media marketing approaches result in high market potential.
- High startup investment but business can generate.