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Starting a Small Grocery Store in the Philippines

How do you start a small grocery store business in the Philippines and how much do you need?

Steps to Start Small Grocery Store

There are so many sari-sari stores, convenience stores, and neighborhood groceries in the Philippines. That could mean that this kind of business might be a good one to open. So, how do you do it?

Follow these steps:

Determine your target market

You can’t just open a business without knowing your customers. Who are your customers? What do they need? Would they willingly go to your store? How you can make them visit and come again?

By understanding your customers, you’ll know what to offer and what you can do to keep them coming back.

Plan Your Business

If possible, make a feasibility study. Learn where you should put your small grocery store so it can attract more customers.

Is it better to open the store in front of your house or should you lease some space by the road? Is there enough space for your customers to park? Can they even find your grocery store?

small grocery store

In planning your business, you should also know how much capital you have to open the store and whether you can sustain its daily operations, particularly during the first months.

A small grocery store could need around Php1-2 million while a larger one could need at least Php5-15 million. Take note that you might not get back that capital within the year or even a few years. Can you afford that?

But you can also start small and do it with less than Php1 million. Then you can just grow your business as you continue to earn profits.

Process the Necessary Permits

Make sure you have all the necessary permits set up before you open your grocery store – or the government could come knocking on your door and charge you penalties for not complying.

Be Innovative

Don’t be afraid to try something new, but make sure you studied the pros and cons of each one.

Note that you don’t have to be the cheapest shop in your area to attract customers. Notice how convenience stores like 7-Eleven and Ministop have higher prices for many commodities yet have lots of people hanging out?

You can model your store after them.

In opening a small grocery store , you might also want to add a small food kiosk so your customers can buy snacks while they shop or bring some at home.

Joy Adalia

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32 Food Franchise Businesses You Can Start Under ₱1 Million

Venus Zoleta

Venus Zoleta

food franchise in the Philippines l Moneymax

Negosyong patok ba ang hanap mo? If you have less than a million pesos, how far can it go? With the huge popularity of food carts today, you might make it big with a food franchise in the Philippines.

Why Start a Food Franchise in the Philippines?

Franchising is a sound business model. It allows aspiring entrepreneurs to leverage the strong brand recall and business operating systems of popular brands. You can achieve this at relatively lower costs than starting a business from scratch. If your end goal is to launch your own business, franchising can be your first step towards that, as it’ll teach you how to become a successful entrepreneur .

Food is one of the best businesses to franchise in the Philippines. Filipinos love to eat. You can find food carts and stalls everywhere in the Philippines: inside malls, train stations, and other public areas. Whether Filipinos are hungry or not, they like to have options wherever they are. See all these money-making opportunities?

Check out this list of potentially profitable and affordable franchise businesses in the Philippines. It’s a mix of both well-recognized and up-and-coming food and beverage brands with a starting business capital of ₱50,000 to ₱1 million. Whether you’re looking for an affordable pizza franchise in the Philippines or a more high-end coffee in-line store, you can find it on this list.

Food Franchise Under ₱50K in the Philippines

Looking for a cheap food cart franchise in the Philippines that you can get for just ₱50,000? This burger joint is open for franchising.

Burger Matsing Food Cart or Kiosk Franchise

Food Franchise in the Philippines Under ₱100K

If you don’t have ₱1 million to invest in a business, there are some options for a food franchise under 100K in the Philippines, too. Check out the small business franchise options below.

Star Frappe Food Cart Franchise

food franchise in the Philippines - star frappe

Food Franchise in the Philippines Under ₱500K

You have various options for a food cart or restaurant franchise in the Philippines. Check them out below.

Potato Corner Food Cart, Kiosk, or In-Line Store Franchise

food franchise in the Philippines - potato corner

Master Siomai Food Cart Franchise

Siomai House Food Cart Franchise

Siomai King Food Cart Franchise

Hong Kong Style Fried Noodles & Dimsum Food Cart Franchise

Read more: Profitable Business Ideas You Can Start at Home

Citrus Zone Franchise

food franchise in the Philippines - citrus zone

Fruit Magic Franchise

Fruitas Cart and Kiosk Franchise

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Minute Burger Franchise

Mister Donut Food Cart, Take-Out Booth, or Dine-In Shop

Waffle Time Food Cart Franchise

Bibingkinitan Food Cart, Kiosk, or In-line Store

food franchise in the Philippines - bibingkinitan

Mr. Liempo Franchise Store

Lydia's Lechon Kiosk Franchise

Lots’a Pizza Food Cart, Stall, Depot, or Store

food franchise in the Philippines - lots'a

Fatboys Pizza Food Cart Franchise

Mr. Softy Ice Cream Food Cart or Kiosk Franchise

Fiorgelato Kiosk or Counter 

Bente Silog Take-Out Counter or Dine-In Store

Boy Kanin Food Cart, Kiosk, Dine-In Counter, or In-Line Store

Food Franchise in the Philippines Under ₱1 Million

Got more than a million pesos in the budget for your franchise business? You have some good options from the top food and beverage brands in the Philippines.

Zagu Stall, Kiosk, or Standard Food Cart Franchise

Quickly Franchise

food franchise in the Philippines - quickly

The Shawarma Shack Food Cart Franchise

food franchise in the Philippines - shawarma shack

Khaleb Shawarma Food Cart, Kiosk, or Counter

JM's Shawarma Food Cart Franchise

Famous Belgian Waffles Food Cart, Kiosk, or Counter

Brownies Unlimited Food Cart Franchise

Nacho King Food Cart or Kiosk Franchise

Aquabest Water Refilling Station

food franchise in the Philippines - aquabest

Crystal Clear  Water Refilling Station

So Which Popular Food Item Should I Sell?

Food kiosk franchise businesses have sprouted all over the Philippines in the last decade. It’s partly due to the relatively low cost of starting a food cart business in the Philippines. If you’re kicking off with small venture capital, a food kiosk is your best bet. You have many options to choose from.

1. Potato Chips and Fries

Fried potato in all shapes and sizes is a staple food found everywhere—in malls, food courts, schools, terminals, night markets, and food fairs.

Pinoys simply love deep-fried, fresh-cut potatoes seasoned with all types of flavors. One popular franchise of this kind is Potato Corner, which now boasts over 500 branches in the country. It’s only been around since 1992, but this food stall franchise has already expanded to countries like Indonesia, the USA, Panama, Australia, Singapore, Thailand, and Hong Kong.

Siomai and siopao remain to be popular snacks for Pinoys. They’re not too expensive, plus they can count for a complete meal when partnered with sago’t gulaman . Some notable food kiosks in this department are Master Siomai, Siomai King, Hen Lin, and Pinoy Pao.

On a side note, another food item that has grown in popularity over the years, although not exactly a dimsum, is takoyaki. It’s worth a mention on this list.

3. Coffee and Tea

You can never go wrong with coffee, especially in this era that embraces it so willingly. Also, coffee and milk tea lovers are everywhere! One peek at a coffee or milk tea shop will tell you just how big the demand is for these prized beverages.

If you’re a big coffee and milk tea fan yourself, you can get a food stall franchise like Foss Coffee, Star Frappe, Chatime, and Happy Lemon.

4. Shawarma

This affordable Mediterranean snack has always been a favorite among Pinoys. Its convenient packaging makes it easy to eat. Plus, it’s a portion of relatively healthy street food. Some of the common shawarma carts you’ll find in the market are Turks and Shawarma House.

These Spanish snacks are like donuts, except they’re deep-fried, crunchy, and dusted with sugar or cinnamon. Consider franchising Churros City or Don’s Original Spanish Churros, which are two of the most common kiosks in the Philippines.

Food Franchise Business FAQs

1. what are the advantages of a food franchising business.

No business offers guaranteed success, not even franchising. Consumers’ tastes are continually changing, making the market more unpredictable by the day. 

Still, starting a food franchise business is a good idea. If you're having second thoughts about it, perhaps these advantages would change your mind.

No Need to Start from Scratch

The most obvious advantage of franchising is that you get to start in the middle. You don’t have to develop a business concept or write a business plan because you’re basically adopting one that has already been proven effective.

Well-Documented Operating System

When you buy a franchise, you purchase more than the products and services. You also pay for the knowledge and experience that the franchisor has gained over the years. In short, you’re paying to adopt a model that has been proven to work.

Better Brand Recognition

Most franchises have existing customers that patronize them. This saves you extra time and effort that you would otherwise use to come up with a marketing plan to attract a solid customer base.

2. What is the cheapest franchise to open in the Philippines?

food franchise in the Philippines - faqs

There are many options for a low-cost franchise business in the Philippines in 2022. The cheapest you can get is a food cart franchise worth ₱20,000. For this amount, you’ll get the complete set of equipment, initial products for selling, and crew uniform and training.

A food cart franchise for ₱10,000 is harder to find, though. For this amount of investment, you can actually opt to start your own small business instead of franchising.

3. How much is a water refilling station franchise in the Philippines?

Water refilling stations are a top franchise business in the Philippines. To franchise one, you’ll need to invest anywhere from ₱80,000 to ₱1,000,000. This will depend on the number, type, and size of the water-refilling equipment. However, this investment amount still doesn’t include overhead or rental expenses.

4. What is the best food franchise in the Philippines?

The answer to this may vary per individual. What may be the best food franchise for you may not be ideal for another person. It all depends on factors like location, target audience, budget, and brand familiarity.

You should know what food items are already offered in your area and what items people need or want. Also, understand who your target audiences are. If, for example, you’re trying to draw in students, you can’t franchise an expensive and high-end brand that they can’t afford.

You should also consider your budget—are you limited in what you can do, or do you have the financial freedom to choose what brand to franchise? In terms of brand familiarity, the best franchise businesses for new entrepreneurs are usually those that already have a good market presence.

5. What is the most profitable franchise in the Philippines?

There is no one answer to this. However, typically, brands that people already know about are usually those that make the most profit. This is because their good reputation has already been established, so it’s easier for people to patronize them.

Relatively new brands that offer great products at affordable costs can also shoot to the top pretty quickly, especially when they have a well-executed marketing strategy.

6. How much does a 7-Eleven franchise owner make in the Philippines?

It's hard to tell since each franchisee's earnings vary, depending on product assortment, quality, service, and other factors.

In case you're curious about the initial investment, you'll have to shell out around ₱3.5 to ₱5 million. This comes with a fully stocked, turnkey operation; bookkeeping services; operations field consultants, and area managers and district managers to help maximize store performance.

For more information, reach out to the 7-Eleven Philippines franchise team through any of these contact numbers: +63 (02) 8-726-9968, +63 (02) 705-5229, +63 (920) 950-8651, and +63 (917) 871-1686. You can also send an email to [email protected]

7. How much is a Jollibee franchise in the Philippines?

Depending on the final store size and facilities, prepare to shell out ₱35 to ₱55 million. This includes the construction of the store, kitchen equipment and facilities, furniture and fixtures, air-con system, signage, and pre-operating expenses.

8. How much is a McDonald's franchise in the Philippines?

A McDonald’s franchise cost in the Philippines is in the ₱30 million to ₱50 million range. The total investment will vary on several factors—like how big the McDonald’s restaurant will be, whether it’s located within Metro Manila or not, and the equipment specifications, to name a few.

Final Thoughts

Running a food franchise in the Philippines isn’t a walk in the park, but your investment can literally be paid off in a year or two. Some franchisees even get their return on investment (ROI) in just half a year. For more franchise business options in the Philippines, check the Philippine Franchise Association website.

No matter how affordable starting a franchise business is, you can’t spend all your savings on it. If you’re looking for a way to fund your startup food business, consider getting a personal loan or a business loan from a bank to make the cost of borrowing so much less than loans from other types of lenders.

Apply for a personal loan through Moneymax

Venus leads the blog content strategy and optimization at Moneymax as the Head of Editorial Content. She has 15+ years of experience in content marketing, corporate communications, and public relations. Venus graduated cum laude with a Journalism degree from the University of the Philippines Diliman. Before joining Moneymax, Venus had written informative guides and articles, specializing in personal finance and digital marketing. She also invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. A hardcore Hallyu Tita , she enjoys bingeing K-dramas on Netflix while bonding with her rescued cats. Follow Venus on LinkedIn.

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grocery business plan in the philippines

Grocery Store Business Plan Template

Business Plan Outline

Grocery Store Business Plan Home

Start Your Grocery Store Plan Here

You’ve come to the right place to create your grocery store business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their grocery stores.

Below are links to each section of your grocery store business plan template:

Next Section: Executive Summary >

Grocery Store Business Plan FAQs

What is a grocery business plan.

A grocery business plan is a plan to start and/or grow your grocery business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can  easily complete your grocery business plan using our Grocery Business Plan Template here .

What Are the Main Types of Grocery Businesses?

A grocery business can either be small scale or large scale. Small format groceries are usually small, family-run stores like a neighborhood store, convenience store, or health food store. Large scale groceries, on the other hand, are supermarkets that offer a wider variety of products and goods sold.

What Are the Main Sources of Revenues and Expenses for a Grocery Business?

The primary source of revenue for grocery stores is its food, beverage and alcohol sales.

The key expenses for grocery businesses are wages, rent or mortgage, cost of products sold, and utilities. Among the other expenses are insurance, equipment maintenance, and marketing. 

How Do You Get Funding for Your Grocery Business Plan?

Grocery stores are typically funded through small business loans, personal savings, credit card financing and angel investors. Inventory financing is also common for part of their funding needs.

What are the Steps To Start a Grocery Store Business?

Starting a grocery store business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Grocery Store Business Plan - The first step in starting a business is to create a detailed grocery store business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your grocery store business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your grocery store business is in compliance with local laws.

3. Register Your Grocery Store Business - Once you have chosen a legal structure, the next step is to register your grocery store business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your grocery store business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Grocery Store Equipment & Supplies - In order to start your grocery store business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your grocery store business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful grocery store business:

© 2023 PlanBuildr.com

The Thrifty Pinay

Finance | Business | Empowering Women To Learn, Earn & Be Financially-Independent

How to Start a Frozen Food Business in the Philippines

grocery business plan in the philippines

By The Thrifty Pinay

How to Start a Frozen Food Business in the Philippines:

Having flexibility, getting to call the shots, and selling what you want to sell are merely three of the numerous benefits to start your own business . But they’re certainly enough to get you thinking about what businesses are profitable in the Philippines. 

Among the list, the food industry always lands a spot among profitable pursuits because people will always eat, no matter what their financial situation is like. In addition, selling frozen food is now part of the Philippines’ top  10 business ideas as more households are now shifting to dual-income setups and less time is dedicated to preparing homecooked meals.

If you’re interested, here we’ll share valuable tips on how to start a frozen food business in the Philippines, and we’ll list some viable frozen food business ideas & opportunities as well.

How to Start a Frozen Food Business in the Philippines?

Conduct a market research.

Unfortunately, “passion” and “gut feeling” are not good reasons to start a frozen food business in the Philippines. While it can be profitable, there are many elements at play that will influence the business’ applicability to your setting.

Knowing how to conduct market research will help you get a better grasp of the venture’s appropriateness. For starters, here are some questions to give you the lay of the land:

Is there a demand for frozen food among people in the locality? What frozen food items do people buy most? Is the population mostly composed of busybodies who can’t prepare homecooked meals? 

Do they make their way to wet markets to buy fresh food items? Do they prefer frozen foods from supermarkets? Are they keener to have frozen food delivered to their doorstep?

Is having a physical store better? Will a virtual or online marketplace work? 

Are there nearby wet markets where both fresh and frozen food are sold? Are there existing frozen food sellers in the locality? If so, is there a demand for products they’re not selling?

Knowing your market will remove the fog of confusion on what business is profitable in the area and will keep you from blindly pursuing an entrepreneurial venture.

Evaluate your capital

The next step in how to start a frozen food business in the Philippines is evaluating your capital. Depending on the result of your market research, you may either need to stretch your budget or spend as little yet still earn competitively.

If you like to test the waters and start small, a ₱5000-₱10,000 budget is good enough to sell frozen food items to friends and workmates. You can store your stock in your personal fridge and bring the frozen food orders to your workplace. You may also set up a social media marketplace to sell your items.

Conversely, if you’re market research revealed that setting up a physical store is more feasible when starting a frozen food business then you will need a bigger starting budget, typically a minimum of ₱100,000 depending on how much inventory you’d like to begin with.

Here are some payables needed when setting up a frozen food store in the Philippines: 

Search for suppliers

If you don’t plan on making your own set of products, finding suppliers is the next step on how to start a frozen food business in the Philippines. Since frozen food is a big industry, looking for suppliers is not quite as hard. Depending on what products and which company you want to retail from, there are some exclusive perks you can get. 

For example, if you decide to sell CDO products , they lend a free freezer which you can use to store the food items. The same perks apply when you decide to sell ice cream, say, from Selecta .

We’ll discuss more on finding suppliers later! 

Create your own products

If you want to share an old family recipe with the world, you can always choose to create your own products like homemade longganisa , ready-to-cook lumpia , etc.

One benefit of making your product is that you control the selling price and the cost of preparing each item. Another is that you can supply to various retailers looking to sell your line of products.

Find the best location

Selling ready-to-cook frozen food is typically a popular business in cities. Unlike in provinces and villages where access to raw and fresh food products is within reach, cities are filled with busy people searching for easy-cook meals. But that’s not always the case, the point is, a good location can make the difference whether you sell frozen foods in rural or urban areas in the Philippines.

Here are some pointers on how to choose a location for your frozen food business in the Philippines:

Devise a good marketing strategy

Any business can be profitable, all it takes is good marketing. According to Indeed, marketing is important because it can help increase brand awareness, improve consumer engagement, and scale sales through promotional campaigns.

Here are some tips to market your frozen food business in the Philippines:

Create a Facebook page for your business where you can post updates or announce new products you’re selling in your business. If you have a faithful community, inviting them to a Facebook group is also a good option.

Facebook offers a marketplace category where you could upload your frozen food products and wait for buyers in your locality to reach out.

There are online groups where members buy frozen food products. Your presence there may result in a sale.

You’ll be surprised how quickly news travels especially in localities here in the Philippines. Ask workmates to inform their relatives about your business, some customers might turn up. For rural area sellers, create a buzz in your local community.

Be sure to check out our 20 Effective Ways to Promote & Market Your Business in the Philippines to gain more exposure.

What are some Frozen Food Business Ideas in the philippines?

Aside from selling pre-packaged meat products, thorough market research will reveal what business venture and what products are the most profitable to sell in your locality. But if you’re bent on selling frozen food in the Philippines, here are the top frozen food business ideas and opportunities:

Related Post : How to Compute & Price Food Products (w/ example) Philippines

Where to Find Suppliers for Frozen Food Business in the Philippines?

Finding suppliers is the hardest part of starting a business. With the online market swarming with people looking for the cheapest available price, you might end up consuming your own frozen food products when you sell a smidge above the public’s perceived acceptable markup.

Here are some suppliers you may contact if you want to start a frozen food business in the Philippines. Feel free to contact them so they may send a representative to attend to your needs:

Another way of finding suppliers in the Philippines for frozen food is by joining Facebook locator groups. There are tons of groups, sometimes with registration fees, before you can access their full list of popular and local brands that accept product retailers. Just make sure to legit check before committing to avoid being scammed.

Is A Frozen Food Business Profitable in the Philippines?

Yes, but that depends on what and where you decide to sell. 

A frozen food business in the Philippines will thrive provided there is a good amount of market research suggesting that it’s an in-demand business in your locality. If your target market is populated with frozen food sellers or the demand for frozen food is low, getting into the scene won’t be as profitable as you thought it would.

At the end of the day, frozen food is a good business in the Philippines. If you plan to try selling other frozen foods such as siomai, check out our article on How to Start a Siomai Business in the Philippines . In the right setting along with good empirical research, it can be the key to your financial freedom! For more related posts about business, check out our articles below.

Related Articles:

Recognized as one of the TOP Finance Blogs in the PH. Ameena Rey-Franc is a former Banker and BS Accountancy graduate turned Personal Finance Blogger, Public Speaker, and Content Writer. Currently an RFP delegate, she is also the Author of the book entitled "Financial Resilience: Build A Strong Financial Foundation that can Withstand a Crisis". The Thrifty Pinay's mission is to empower every Business and Career-oriented Pinay to achieve Financial Independence and Success no matter what life stage they are in.

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12 ways teens can make money from home in the philippines, make money easily: 8 earning apps in the philippines to make extra income, how to start a ramen business in the philippines.

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Home » Sample Business Plans » Wholesale & Retail

A Sample Mini Grocery Store Business Plan Template

Are you about starting a grocery store? If YES, here is a complete sample grocery store business plan template & feasibility study you can use for FREE. A grocery store is a retail outlet where different food and household products are sold on shelves and cabinets.

People love to do their shopping in a grocery store because of the convenience it gives them to shop for everything they need in a grocery store without moving from one store to another. Starting a grocery store is a very easy business and it is not so capital intensive.

Getting the right products that people want to buy and good stock keeping records are the secrets of running a grocery store. A grocery store can be run offline in the conventional retail store or online on an online e-commerce retail site.

You can also venture into mini-grocery sales. When people are looking for specialty foods or ingredients that can’t be found at the corner store or neighborhood Supermarket, they typically head to small grocers, also called mini-grocery stores.

Such retail establishments sell food and items that are uncommon and not carried by bigger stores. Opening a mini-grocery can be a lucrative business venture, especially if you live in a city with little competition. There are several things you can do to help your mini-grocery store succeed.

The information contained in this article can be beneficial to those individuals currently in the grocery business, those who are considering starting or investing in a grocery, or a community wishing to attract or retain a grocery store.

1. Industry Overview

Grocery stores, including supermarkets, account for the largest share of food store sales in the US. In 2013, grocery stores accounted for 90% of the country’s food and beverage store sales, while supermarkets accounted for 95% of the total grocery store sales.

The food retail industry is a high-volume, low-margin business, with cutthroat competition from all quarters. It includes grocery stores and supermarkets, as well as convenience stores. The staples offered at these stores make the industry non-cyclical.

In addition, grocery stores and supermarkets offer an alternative to restaurants during tough economic times, as buying groceries for home cooking is one alternative. Buying prepared foods, which are new higher-margin offerings at grocery stores, is an additional alternative to restaurants.

However, offering new higher-margin items such as gourmet foods, prepared foods, and general merchandise is making this industry more cyclical than in the past, creating pressures on revenue during the recent economic downturn.

Small chains and independent grocers still dominate this industry, but national chains, such as Kroger, are increasingly growing in dominance. Mass merchants, such as Wal-Mart, are competing with grocery stores at their “supercenters” by offering lower prices through lower cost structures.

Wal-Mart is now the world’s No. 1 seller of groceries. Warehouse clubs, such as Costco and SAM’S CLUB ( owned by Wal-Mart ), can also compete on price by selling in large bulk. Supermarkets have responded to these threats by building larger “superstores.”

Conventional supermarkets are grocery stores with over $2 million in revenue, with average square feet of 15,000. Grocery stores that have less than $2 million in annual revenue sell almost entirely packaged and perishable goods, and are mostly independently owned. Superstores are supermarkets with about 30,000 square feet, averaging $12 million in revenue.

They often have an extended selection of food and nonfood items, with specialty departments such as florists, delis, bakeries, banking, pharmacy, and video rentals. Combination stores are hybrids of superstores and drugstores under one roof, with an average of 55,000 square feet.

The supermarket and grocery stores industry is a major sector of the economy of the united states which generates a whooping sum of well over 2 billion annually from more than 42,539 outlets scattered all around the United States of America.

The industry is responsible for the employment of well over 2,624,650people. Experts project the supermarket and grocery industry to grow at a 1.4 percent annual rate. The establishment in this industry that has a dominant market share in the United States are; Albertson, Kroger and Publix Super Markets Inc.

It is a fact that an estimated two-thirds of the United States’ gross domestic product (GDP) comes from retail consumption of which the supermarket and grocery stores industry contributes greatly.  This is why the United States of America’s economy is measured with the yardstick of how well the retailing business is fairing in the U.S.

In essence, when there is an unstable economy, purchasing power drops and it impacts the retailing / grocery stores industry negatively which may result in the closure of some supermarket / grocery stores.

In recent time, the retail landscape has seen tremendous changes in the last 20 years; it has grown from the usual mom and pop outlets to a more organized and far reaching venture. The introduction of franchise and online store makes it easier for a retailer to reach out to a larger market far beyond the areas where his physical store is located.

It is interesting to note that more supermarket / grocery shops especially lager retail outlets have started to include self-serve checkout lanes in their stores. It creates shorter lines that appeal to consumers; the average customer would not want to stay longer on queue.

Over and above, the supermarket and grocery store industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in a street corner like the average mom and pop business or you can chose to start on a large scale with several outlets in key cities.

2. Executive Summary

Peak Lane Grocery Store, Inc. is a standard and registered grocery store business that will be located in one of the busiest streets in Orlando, Florida. We have been able to lease a facility that is big enough ( a 15 thousand square foot facility ) to fit into the design of the kind of grocery store that we intend launching and the facility is located in a corner piece directly opposite the largest residential estate in Orlando, Florida.

Peak Lane Grocery Store, Inc. will retail a wide range of durable goods and non – durable goods at affordable prices from different brands. We will engage in retailing general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products et al.

We are aware that there are several large and small chains of supermarket / grocery store outlets all around Orlando, which is why we spent time and resources to conduct our feasibility studies and market survey so as to offer much more than our competitors will be offering. We have self – service options for our customers, and our outlet is well secured with the various payment options.

Much more than selling the goods and products of top brands in the manufacturing and food industry, our customer care is second to none in the whole of Orlando, Florida. We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they visit our grocery store and also to become our loyal customers and ambassadors.

Peak Lane Grocery Store, Inc. will ensure that all our customers are given first class treatment whenever they visit our grocery store. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to. We will ensure that we get our customers involved in the selection of brands that will be on our racks and also when making some business decisions.

We are aware of the trend in the retail / supermarket and grocery store industry and we are not only going to operate a system where our customers would have to come to our store to make purchase or whatever they want but we will also operate an online store and our customers can order grocery online and they will get it delivered to their houses or any location they want us to deliver the goods to within Orlando.

Peak Lane Grocery Store, Inc. is a family business that is owned by Bernie Vandross and Family. Bernie Vandross has a B.Sc. in Business Administration, with well over 15 years of experience in the retailing / supermarket and grocery store industry, working for some of the leading brand in the United States. Although the business is launching out with just one outlet in Orlando – Florida, but there is a plan to open other outlets all around Florida.

3. Our Products and Services

Peak Lane Grocery Store, Inc. is in the supermarket and grocery store industry and we will ensure we go all the way to make available a wide range of goods and products from top manufacturing brands in the United States and other countries of the world.

We will have available in our store a wide range of durable goods and non – durable goods at affordable prices. Our product offerings are listed below;

4. Our Mission and Vision Statement

Our Business Structure

Peak Lane Grocery Store, Inc. do not intend to start a grocery store business like the usual mom and pop business around the street corner; our intention of starting a grocery store business is to build a standard and one stop grocery store outlet in Orlando, Florida.

Although our grocery store business might not be as big as Albertson, Kroger or Publix Super Markets Inc., but will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders ( the owners, workforce, and customers ).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

Merchandize Manager

Sales and Marketing Manager

Information Technologist

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

Admin and HR Manager

Store Manager:

Accountant / Cashier:

Client Service Executive

6. SWOT Analysis

Our intention of starting just one outlet of our grocery store in Orlando, Florida is to test run the business for a period of 2  to 5 years to know if we will invest more money, expand the business and then open other outlets all over Florida.

We are quite aware that there are several supermarket and grocery stores all over Orlando and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Peak Lane Grocery Store, Inc. employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Peak Lane Grocery Store, Inc.;

Our location, the business model we will be operating on (physical store and online store), varieties of payment options, wide range of products and our excellent customer service culture will definitely count as a strong strength for Peak Lane Grocery Store, Inc.

A major weakness that may count against us is the fact that we are a new grocery store outlet and we don’t have the financial capacity to compete with multi – billion dollars supermarket and grocery store outlets like Albertson, Kroger, Publix Super Markets Inc. and co when it comes to retailing at a rock bottom prices for all their goods.

The fact that we are going to be operating our grocery store in one of the busiest streets in Orlando, Florida provides us with unlimited opportunities to sell our groceries to a large number of people. We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our grocery outlets; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new supermarket, grocery store or retail outlet in same location where ours is located.

7. MARKET ANALYSIS

Supermarket and grocery store business has been in existence for as long as human started trading goods, but one thing is certain, the supermarket and grocery store industry is still evolving. The introduction of technology and subsequently online grocery cum retail store has indeed helped in reshaping the industry.

It is now a common phenomenon for supermarkets and grocery outlets to leverage on technology to effectively predict consumer demand patterns and to strategically position their shop to meet their needs; in essence, the use of technology help retailers to maximize supply chain efficiency. No doubt data collected from customers goes a long way to help supermarkets and grocery stores serve them better.

Another common trend in the supermarket and grocery store industry is the pricing system. Aside from having varieties of products in a store, one of the easiest ways for supermarket and grocery stores to sell the goods on their racks as fast as they can and keep re – stocking is to ensure that the prices of their goods are a bit lower than what is obtainable in elsewhere.

For example, it is common to see items with prices in this format; $3.99, $99.99 and $199.99 et al as against $4, $100 and $200. Supermarkets and grocery stores also engage in massive clearance sales and discount sales to attract customers. It is a strategy that helps them welcome new customers and also reinforce the loyalty of old customers.

8. Our Target Market

Perhaps the supermarket and grocery store industry has the widest range of customers; everybody on planet earth has one or more things that they would need in a supermarket or grocery store. It is difficult to find people around who don’t patronize supermarket and grocery stores.

In view of that, we have positioned our grocery store to service the residence of Orlando, Florida and every other location our grocery stores will be located all over Florida. We have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of groceries to the following groups of people;

Our Competitive Advantage

A close study of the supermarket and grocery store industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the stiffer competition and we are well prepared to compete favorably with other leading supermarkets and grocery stores in Orlando, Florida.

Peak Lane Grocery Store, Inc. is launching a standard grocery store that will indeed become the preferred choice of residence of Orlando, Florida. Our grocery store is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Orlando, Florida. We have enough parking space that can accommodate well over 100 cars per time.

One thing is certain; we will ensure that we have a wide range of products available in our store at all times. It will be difficult for customers to visit our store and not see the product that they are looking for. One of our business goals is to make Peak Lane Grocery Store, Inc. a one stop shop. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category ( startups supermarkets and grocery stores ) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

Peak Lane Grocery Store, Inc. is in business to retail a wide range of groceries to the residence of Orlando, Florida. We are in the supermarket and grocery industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.

In essence, our source of income will be the retailing of a wide range of durable goods and non – durable goods at affordable prices. We will retail groceries such as;

10. Sales Forecast

One thing is certain when it comes to supermarkets and grocery stores, if your store is well stocked and centrally positioned, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Orlando, Florida and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the supermarket and grocery industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Orlando, Florida.

Below is the sales projection for Peak Lane Grocery Store, Inc., it is based on the location of our business and other factors as it relates to supermarkets and grocery stores start – ups in the United States;

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Before choosing a location for Peak Lane Grocery Store, Inc., we conduct a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Orlando, Florida. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the supermarket and grocery industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Orlando.

In other to continue to be in business and grow, we must continue to sell the groceries that are available in our store which is why we will go all out to empower or sales and marketing team to deliver. In summary, Peak Lane Grocery Store, Inc. will adopt the following sales and marketing approach to win customers over;

11. Publicity and Advertising Strategy

Despite the fact that our grocery store is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our grocery store. Peak Lane Grocery Store, Inc. has a long term plan of opening outlets in various locations all around Florida which is why we will deliberately build our brand to be well accepted in Orlando before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Peak Lane Grocery Store, Inc.;

12. Our Pricing Strategy

Pricing is one of the key factors that gives leverage to supermarkets and grocery stores, it is normal for consumers to go to places (retail outlets) where they can groceries at cheaper price which is why big player in the supermarket and grocery industry like Albertson, Kroger and Publix Super Markets Inc. will attract loads of consumers. Products in their store are tagged with the cheapest price you can get anywhere in the United States.

We know we don’t have the capacity to compete with Albertson, Kroger and Publix Super Markets Inc., but we will ensure that the prices of all the products that are available in our store are competitive with what is obtainable amongst supermarkets and grocery stores within our level.

At Peak Lane Grocery Store, Inc., Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a grocery store business; it might differ in other countries due to the value of their money. This is the key areas where we will spend our start – up capital;

We would need an estimate of $500,000 to successfully set up our grocery store in Orlando, Florida. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funding / Startup Capital for Peak Lane Grocery Store, Inc.

Peak Lane Grocery Store, Inc. is a private business that is solely owned and financed by Bernie Vandross and family. They do not intend to welcome any external business partners, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If any of these factors is missing from a business (company), then it won’t be too long before the business close shop.

Peak Lane Grocery Store, Inc. will ensure that all the factors listed above are reinforced on a regular basis and also we will engage in continuous capacity building of our workforce. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more.

We will make sure that the right foundation, structures and processes are put in place to ensure that staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner. We have the plans of

Check List / Milestone

More on Wholesale & Retail

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How to start a food cart business in the Philippines? This business concept is very hot in the Philippines currently. When we look at the stock market, the economy, and small businesses, we can see that many industries have started to grow, including the food industry, which is excellent news for the Philippines.

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Table of Contents

How To Start A Food Cart Business In The Philippines

At the very least, business owners will need a business license and a hospitality permit (more on this later). In addition, most lenders and investors will ask about your business plan before taking out a loan or investing in your food truck business.     

Once you have a business plan in place, your financial forecasts will help you obtain an idea and estimate the amount you will need to get your food trucks off the ground.     

Should You Start A Food Cart Business In The Philippines Or A Franchise

Franchising terms when starting a food cart business in the Philippines: Most people start a food cart business via franchising . An initial startup ranges from as low as 15,000 pesos up to 200,000 pesos depending on the food cart type. But one question remains, What about the terms of service?

Some companies will have monthly fees, while other food cart businesses in the Philippines will have a royalty fee. Some even will have a term that means they will receive a small percentage on each item sold.

Terms when starting your own food cart business in the Philippines : On the other hand, if you start your own food cart business, then the terms are more towards the suppliers. Suppliers could include the location (i.e., landlord) or suppliers of products.

As an example, let us say that we are looking to start a burger food cart business . You have found a supplier for your meat. Do they have a minimum order which is a term that’s important to know before you start the business?

What Is Your Goal When Starting A Food Truck Business In The Philippines

Indeed, you can make a lot of money from a franchised food cart business that is franchised, and there are many benefits to this. Still, there are also limitations to franchising, which need some careful consideration.  

How Much Does It Cost To Start A Food Cart Business In The Philippines?

The other option that is available to you is to start your own food cart business. Starting your own food cart business would initially be the most expensive route if you were to start your own food cart business. But when looking at this business model long-term, it could be the most profitable and the most money-saving model compared to franchising.

What Are The Business Requirements For Starting A Food Cart Business In The Philippines?

After six months, a new ice-cream restaurant and 7/11 opens in the same location you are in. This example shows us a potential threat to your business. This is, of course, an example for this article, but it is recommended to spend some time looking over your strengths, weaknesses, opportunities, and threats.

What Are The Legal Requirements For A Food Cart Business In The Philippines?

How to be different when starting a food truck business in the philippines.

A USP is something that keeps customers coming back. Remember the 80/20 law that we have spoken about before. The law states that 80% of your profits will come from 20% of your customers. So, in other words, when we are setting up a food cart business in the Philippines, we want customers to return and make more orders. Therefore, it’s essential to have a U.S.P.

What Is The Current Food Cart Market In The Philippines

When we look at the current market, what trends are you starting to see? For instance, a few years ago, milk tea first became popular across Asia, China, the Philippines, Thailand, Taiwan, and many other countries. Do you feel the current market is saturated with this business idea, or do you still feel a market gap?

Even filipinowealth.com has seen countless blogs set up in recent times that have copied certain parts of our article and added it to their website as their own. The problem that this causes is there is no originality, and there is nothing unique. Filipino Wealth

This may sustain a business for a little bit of time. But, ultimately, businesses that copy other businesses will fail, so never be afraid to be different and be a leader in your industry.

How To Start A Franchising Food Cart Business ?

How to start a solo food cart business .

Once you have done this, the rest of the business is something many people enjoy doing. You can start building your plans, finding a location, buying your machinery, and of course, the actual food cart itself.

Tips For Starting A Food Cart Business In The Philippines?

Right Network: Are you able to network with different companies or people? Perhaps you can agree with a company to offer its workers 20% off all drinks on Saturday and Sunday.

Right Plan : At the start of any business, a plan or a strategy will be needed. Unfortunately, some businesses are ‘winged,’ which means they start without any plan. This is not recommended for a food cart business in the Philippines.

Food Truck Business Philippines: Summary & TakeAway

Is a food cart business a good idea? If you can find the right market, customer, and product, then yes, a food cart business in the Philippines can be very profitable.

However, this will always catch up to you, so it is best to obtain the correct permits before opening a business.

For example, an established food cart business always has its own U.S.P., Idea customer, suppliers, etc. This will help your business run smoother in the early days.

Food Cart Truck Tips

Warnings starting food business, future reading & references.

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Grocery Store Business Plan Template

Grocery store business plan.

If you want to start a grocery store or supermarket business expand your current one, you need a business plan.

Over the past 20+ years, we have helped over 8,000 entrepreneurs and business owners create business plans to start and grow their grocery stores and supermarkets.

Below are links to each section of your grocery store business plan template:

Next Section: Executive Summary >

Grocery Store Business Plan FAQs

What is the easiest way to complete my grocery store business plan.

Growthink's Ultimate Grocery Store Business Plan Template allows you to quickly and easily complete business plan for your grocery business.

Where Can I Download a Grocery Store Business Plan PDF?

You can download our business plan PDF template for grocery stores here . This is a business plan template you can use in PDF format.

What Is a Grocery Store Business Plan?

A business plan provides a snapshot of your grocery store as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research about the grocery store industry to support your plans.

Why Do You Need a Business Plan?

If you’re looking to start a grocery store or grow your existing grocery store you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your grocery store in order to improve your chances of success. Your grocery store business plan is a living document that should be updated annually as your business grows and changes.

What Are the Sources of Funding for a Grocery Store?

Grocery Stores are usually funded through small business loans, personal savings, credit card financing and/or angel investors.

GROCERY STORE BUSINESS PLAN OUTLINE

Other Helpful Business Plan Articles & Templates

Use This Simple Business Plan Template

How To Find Business Idea: An Ultimate Guide to the Best Business Ideas in the Philippines

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At a Glance: Top 10 Pandemic- and Recession-Proof Business Ideas in the Philippines

pandemic proof business ideas in the philippines

1. Online Therapy or Counseling

2. one-on-one academic tutorial, 3. mentoring or coaching for a specific field, 4. art selling.

People buy art for its emotional value. It is also a long-term investment for collectors who see art as an expensive commodity https://www.forbes.com/sites/amandalauren/2020/08/30/how-artists-are-pivoting-and-the-business-of-art-is-changing-during-the-pandemic/?sh=77482b7b3bc7 '> 4 . And although the global art market suffered a 22% https://www.cnnphilippines.com/life/culture/arts/2021/5/21/buying-art-through-viber.html '> 5 loss in 2020, emerging digital artists continue to earn thousands of dollars in virtual auctions https://edition.cnn.com/style/article/nft-digital-art-boom/index.html '> 6 .

5. Live Game Streaming

6. mobile coffee shop, 7. writing services, 8. video editing for vloggers or businesses.

Overview : Editing is arranging and putting together video footage or several shots to produce the final video product.

9. Product Rebranding/White Labeling/Private Labelling

Capital : As low as ₱1,000.

10. Accounting Services for Freelancers and Small Business Owners (Bookkeeping and Tax Filing)

Overview : Accountants help individuals and businesses keep track of their finances as well as assist in tax filing .

Quick Links: Business Ideas in the Philippines for Every Budget

1. business ideas with ₱4,000 capital and below, 2. business ideas with ₱20,000 capital and below.

Street food business | carinderia /canteen/eatery business | home-based baking business | homemade ice cream business | meat processing business | siomai stand | vulcanizing shop | tailoring/alteration services | pet grooming services | pet care services | sari-sari store | online selling | vlogging | Piso Wi-Fi | indoor plant business | mushroom business | hair and makeup services

3. Business Ideas With ₱50,000 Capital and Above

4. business ideas with ₱100,000 capital and above, best business ideas in the philippines: the ultimate list, a. food business ideas, 1. rice business (bigasan).

Why it’s a profitable business: Filipino meals aren’t complete without rice. There’ll always be buyers regardless of price movements. Rice dealers earn good profit in high-traffic locations (public markets and talipapa ) with good storage areas.

2. Kakanin Business

In fact, a kakanin business helped a mother fund her children’s college education https://news.abs-cbn.com/business/04/11/15/kakanin-business-helps-woman-send-kids-college '> 13 .

3. Street Food Business

4. water refilling station.

Ideal for: People with little entrepreneurial experience who want to minimize the risk.

5. Bakery (Panaderya)

6. pizza business.

Why it’s a profitable business: Pizzerias offer customers convenience, which is why Filipinos often order pizza for parties, family and barkada gatherings, and corporate meetings.

7. Food Catering Business

READ: How to Start a Catering Business in the Philippines

8. Food Cart

9. canteen/eatery business (carinderia), 10. baking business, 11. ice cream busines, 12. chicken rotisserie (lechon manok) business, 13. lugawan/gotohan business.

Ideal for: New entrepreneurs who are willing to work long hours to maximize profits.

14. Meat Processing Business

15. meat shop/meat retailing business.

Capital: ₱ 120,000 (own shop) to ₱ 3.5 million (franchise).

16. Palamig/Samalamig Business

17. tapsilog business.

Why it’s a profitable business: Tapsilog is the Filipino breakfast favorite. With its affordable price, this meal is so easy to sell. A tapsilog business offers great potential for growth https://news.abs-cbn.com/business/03/01/14/meet-pinay-who-started-tapsilog-craze '> 20 , as in the case of the famous Tapsi ni Vivian .

18. Siomai Stand

19. healthy meal delivery service/diet delivery program.

Capital: ₱ 3,000 to ₱ 5,000 daily.

20. Samgyup-to-go

B. consulting business ideas, 1. financial planner/advisor, 2. digital marketing/social media consultant, 3. coaching services, 4. personal fitness trainer, 5. image consultant.

Why it’s a profitable business: Image consultants usually work with high-paying clients such as politicians, celebrities, and business tycoons. It requires minimal investment, too.

6. Nutrition Consultant

7. career consultant.

Ideal for : Filipinos with HR and recruitment experience, especially for helping people land jobs abroad or online.

C. Personal Services

1. personal shopper.

Capital: Around ₱ 50,000 (for a smartphone or digital camera, laptop, and website)

2. Dance Instructor/Choreographer

3. guitar teacher.

Why it’s a profitable business: There’s a market for guitar lessons in the Philippines. Parents enroll their children in music lessons, especially during summer. Guitar teachers charge from ₱8,000 to ₱ 15,000 per 12 lessons (one hour each).

4. Yoga Instructor

5. car wash business, 6. vulcanizing shop, 7. laundry shop, 8. personal concierge and errand services, 9. auto repair shop, 10. cellphone repair shop, 11. shoe repair shop, 12. delivery/courier services, 13. tailoring/alteration services, 14. computer repair services, d. pet business, 1. pet grooming services, 2. online pet supplies shop, 3. pet care services, e. retail business, 1. cctv installation, 2. garage sale business, 3. cellphone load retail business/e-loading station, 4. local produce retailer, 5. online clothing store, 6. ukay-ukay store/thrift clothing shop, 7. sari-sari store, 8. convenience store/mini-grocery store, 9. collectibles business, f. home-based online business, 1. digital marketing services, 2. virtual assistant business, 3. blogging, 4. medical transcription services, 5. software/mobile app development, 6. online selling, 7. vlogging, 8. dropshipping, 9. online english teaching business, 10. online courses, g. rental business, 1. piso wi-fi, 2. pisonet business, 3. videoke machine rental, 4. airbnb rental, 5. drone rental, 6. formal wear rental, 7. costume rental, 8. storage rental, h. events business, 1. photo booth rental, 2. event live streaming, i. agribusiness, 1. indoor plant business, 2. mushroom business, 3. chocolate-making, 4. medicinal plant farming, j. summer business ideas, 1. swimming school/swimming instructor, 2. halo-halo stall, 3. ice candy business, 4. fruit shake business, k. recycling business ideas, 1. junk shop, 2. selling used books and magazines, 3. selling recycled crafts, l. printing business ideas, 1. t-shirt printing, 2. tarpaulin printing, 3. photocopy business, 4. digital and offset printing services, 5. custom stickers, m. health and beauty business ideas, 1. beauty salon/barber shop, 2. hair and makeup services, 3. spa/massage therapy business, 4. soap making business, 5. gym/fitness center business, n. tourism business ideas, 1. tour guide services, 2. adventure tourism business, 3. travel agency, o. transport business ideas, 1. car rental business, 2. bicycle rental shop, 3. moving company/ lipat-bahay service, 4. logistics/trucking/hauling services, 5. modern jeepney franchise, 6. tnvs/ride-hailing services, p. home repair and improvement business ideas, 1. interior design business, 2. liquid detergent business, 3. residential/commercial cleaning services, 4. pest control services, 5. furniture upholstery business, 6. landscaping business, 7. plumbing/electrician/handyman services, q. real estate business ideas, 1. real estate broker/agent, how to find the best small business ideas in the philippines with high profit: 4 steps, 1. look for ideas within yourself, a. tap into your expertise, b. turn your hobby into an enterprise, c. put your technical knowledge/skills to good use, d. fix something that bothers you, e. choose an industry that interests you, 2. look for ideas around you, a. fulfill unmet needs, b. find a gap in the supply-demand chain, c. create alternatives for imported goods, d. explore untapped local resources, e. be on the lookout for the latest technology, 3. get inspiration from profitable small business ideas in the philippines, 4. test your business idea, a. choose one idea to test, b. find out the main benefit that customers can get from your business idea, c. talk to people who want this benefit, d. create the simplest version of your product/service and sell it, e. use the feedback to improve and build your business idea, frequently asked questions, 1. what are the best online business ideas for stay-at-home parents, 2. how do i register a business in the philippines, 3. what are the steps in starting a business in the philippines, 4. what are the best small business ideas for students, 40 thoughts on “ how to find business idea: an ultimate guide to the best business ideas in the philippines ”, leave a reply cancel reply, read more business-related guides:.

Starting a food business in the Philippines

Key takeaways:.

Table of Contents

Filipino food is such an integral part of our day to day life. For beginners, it satisfies our hunger, keeps us on the go, and can be used to forge societal connections. More than that, Filipino food speaks largely about who we are as people and as a nation.

These are some of the main reasons why Filipino food businesses are profitable. In fact, with the advent of social media, more people are now thinking about starting their own food ventures.

But how do you start a food business from home? First, you can build your own brand, or you can acquire a food business franchise from different brands in the Philippines.

If you’re not yet ready big, there are lots of Pinoy small businesses ideas like food on the go and street food stalls. But of course, first you need to have a business plan, a capital, and your target market example for your food.

Food service industry in the Philippines

grocery business plan in the philippines

If you set up shop in a location with high foot traffic (e.g. schools, offices, marketplaces), you can take advantage by scaling up and offering more food items or other services. Or you can skip the physical store and sell your products exclusively on Facebook and Instagram. The possibilities are endless!

While the food service industry is filled with quick-service restaurants, delivery and food on-the-go services are on the rise due to the ease and speed of ordering online through apps and social media. Customers are also more willing to pay for and try new cuisines and dishes.

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How to open a food business in the Philippines

Opening a food business in the Philippines still requires a lot of thinking and preparation. Sometimes, it’s not as simple as setting up a small table in front of your house and calling it a day. You have to think about your capital, strategy, logistics, manpower, operating hours, and licenses and fees.

How much capital is needed to put up the business? What food items are you going to offer? What kind of street food business will your customers like? Where is your location? Is it going to be a food cart, or are you going all out for a full-scale restaurant?

We’ll show you tips on starting a food business, from a small stall to a restaurant or franchise.

Decide on your theme or concept

There are lots of Pinoy food business ideas out there. Do you want to sell street or pica-pica foods, a cozy cafe, or healthy food for lunch? Choosing a theme can help you gauge the amount of capital that you will need and the logistics and manpower that will support your business.

If you’re having a hard time finalizing your concept, observe your surroundings and your potential customer base. Are you located near a school? A palengke or city center? Are there large or small businesses around? Are there food businesses near your location, and if so, what types of food are they selling?

Franchise or independent?

Independent food businesses and food franchises both have their own pros and cons. Going independent allows you to set your own pace and do everything in terms of operations, logistics and growing your brand. It allows you to start even with little capital, without worrying about franchise costs.

With a food franchise, you can take advantage of strong and established brands like Siomai House, Potato Corner, Jollibee or McDonald’s. These franchises will help you with operations, logistics and manpower so you don’t have to do everything yourself.

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Gather your capital

The most important factor in a food business is capital. Without capital, you won’t have the money to choose a location, pay fees, invest in logistics and manpower and fund day-to-day operations.

Before starting your business, make sure that you have enough capital that will fund your business until it becomes profitable. Save a portion of your monthly income, invite potential investors, or take a loan from the bank.

But how much capital is needed to put up the business? This will depend on what kind of food business you want, and how big. First, you need to make a business plan. List down all of the related expenses, from logistics to marketing. Have spare money that you can use to steer your business through tough times.

Pick a strategic location

Your food business must be located somewhere with high foot traffic that can bring you stable profits. Remember: you can offer the best-tasting food or the most Instagrammable facade, but if you’re located in the middle of nowhere, no one will come.

These locations include schools, town or city centers, business districts, tourist attractions, marketplaces, terminals, and roadsides. These are your target market examples for your food offerings. Make sure that your items are catered based on where you are located and who your customers are.

Choose a reliable supplier

Having fresh and high-quality ingredients is important for a food business. That’s why you need to pick and invest in a supplier that will help you source these items.

Having a good relationship with the right supplier/s can help you save on costs through bulk items and discounts, while ensuring that you get the best ingredients possible.

You can build a good rapport with your supplier by honoring your contract, paying your dues on time and not overpromising on your negotiations.

Invest in equipment and manpower

If you’re planning to open a small food business from your home, you can start with your own stove, refrigerator, pans, pots and other cooking equipment.

As your business grows and you earn more profit, you can buy new equipment that will help you prepare and deliver food more efficiently. Buy a stove with more burners, a bigger fridge, food processor if applicable, more containers and utensils, etc.

If you’re just starting out, maybe you can run your business on your own. But it helps if you have a person or two who can assist you with some aspects of your business. If you’re the one who’s doing the cooking, you can hire one person for delivery, for the finances, etc.

Make sure that you invest in the right equipment supplier and the right manpower for your food business. Do background checks and don’t rely on word of mouth only.

Set your prices

Setting prices for your food business can be tricky. Setting your prices too high can turn off potential customers. Low prices will not help you turn any profit.

You can find the sweet spot in terms of prices by computing the daily costs of business and surveying other food stalls and stores in your area. You must also observe your target market and observe how much they are willing to spend on food.

Sort out your permits

Before starting operations, make sure that your food business has secured all of the necessary permits. These include business permit, mayor’s permit, sanitary permit, DTI business name certificate, and BIR registration.

Generate buzz about your business!

Once you’ve got everything ready, time to spread the word about your food business! Invite your family and friends, have an eye-catching signage, promote your business on social media, and do a countdown until your big launch!

Before your big opening, you also can do a soft opening where you invite people to try out dishes first.

On or before the big day, you can advertise launch discounts, buy one take one deals, group deals, promo codes, and free gifts in order to keep the buzz going.

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Food business ideas with small capital

Now that you know how to open a food business, here are some Pinoy food business ideas that you can start with only a small capital! These can be street food businesses or a commercial stall of your own.

Here are some profitable businesses on Filipino merienda and recipes!

grocery business plan in the philippines

Even with lots of competitors around, your milk tea business can stand out by offering new or uncommon flavors, having outside seating, and additional items like pica-pica food. Let your imagination run wild with milk tea tagline ideas that will make your customers curious about your business!

Pica-pica food

Pica-pica foods like lumpia, barbecue, hotdogs on stick, fried chicken pops, fish balls, and siomai are popular among Filipinos because these can be eaten as merienda or part of a rice meal.

Pica-pica food stalls are everywhere and affordable, making them in demand especially in schools and offices where people like quick and cheap meals.

Porksilog and chicken silog

Other popular food items for busy and budget-savvy Filipinos are porksilog and chicken silog. Even with as little as Php 50, you can buy a silog meal that is perfect for breakfast, lunch or dinner.

To have a successful silog business, offer other silog meals aside from porksilog and chicken silog. Popular variants include:

To entice more customers, consider selling a “value meal” consisting of a silog meal and a drink at an affordable price. The drink can either be a cup of hot coffee or a glass of fruit juice or soft drink. You can add Php 5 to Php 10 on top of the a la carte silog meal.

It would also help if you have a free drinking water station, as well as condiments (soy sauce, vinegar, mayonnaise, ketchup) and small candies and cigarettes.

French fries

French fries is a must-have street food in the Philippines. It is a sought-after snack especially among kids. You can sell plain ol’ french fries or you can spice it up by adding flavors (cheese, BBQ, ranch) or condiments (ketchup, mayonnaise, mustard).

The good thing about selling french fries is that you can start your own stall or franchise a brand like Potato Corner. With starting your own stall, you get to choose the french fry servings, find your own supplier, experiment on flavors, and expand your business as you like.

When you franchise a Potato Corner stall, you get to leverage its strong brand to offer french fries that are high quality yet affordable.

Sari-sari store

Sari-sari stores offer basic goods like candies, cigarettes, snacks, canned goods, noodles, soft drinks, toiletries and even ice water. They are very convenient and lucrative, especially in neighborhoods, palengkes, schools and roadsides.

You don’t need lots of capital to start a sari-sari store especially if you’re just going to build one in front of your house. If your store is located in a high-traffic area, you can see profits in no time.

Ihaw stands are popular among sellers and buyers alike because of their low cost and value for money. Ingredients are easy to source as well. You just need to prepare the meat, skewers, lots of charcoal, your own grill, the sauces and marinade.

To have a successful ihaw stand, make sure you have all the common variants (pork meat, chicken feet, betamax, isaw, hotdog on sticks) and the sauces (sweet, spicy, vinegar). Store them properly in your refrigerator to avoid spoilage. Also, always make sure that your grill is cleaned regularly and your sauces stored properly as well.

Drinks stand

Another in-demand stall for people on the go is a drink stand. You just need to have drinking water, soft drinks, fruit juices, hot coffee, and even buko juice in bottles stored in a cooler.

This type of stand is most commonly seen near public transportation terminals, train stations, offices, malls and on sidewalks where there is a high volume of foot traffic.

Coffee shop

Just like milk tea shops, coffee shops are popular hangout spots in the Philippines. In a coffee shop, people can enjoy their hot or iced coffee and catch up with friends, do some work on their laptops, or just enjoy the ambiance. Coffee shops can have both indoor and outdoor sitting.

Make sure that you have high-quality coffee beans and the appropriate equipment. The main coffee variants that can be sourced within the Philippines are arabica, robusta, liberica and excelsa.

Aside from coffee, you can offer tea, juice drinks, delicacies, snacks and even full meals. A free high-speed Wifi will attract students and remote employees looking for a quiet place to work.

If you are located near a tourist destination, offer lots of outdoor seating and parking spots. Coffee shops with a view deck overlooking the city or a nature spot are also popular.

Kanto fried or grilled chicken stand

Filipinos love chicken, especially if fried or grilled. Grilled chicken is a must-have particularly during parties and special occasions while fried chicken is an easy to-go viand and snack. You can start your own cooked chicken at home or you can franchise brands such as Andoks and Sr. Pedro.

Shawarma stand

Shawarmas are quick and easy snacks and can even be offered as part of a rice meal. Just like fried chicken stands, you can build your own shawarma brand or opt for a franchise.

Bread is a must-have for every Filipino household, that’s why bakeries prove to be profitable businesses. A morning meal is not complete without pandesal or loaf bread. Ensaymada, cheese bread, and ube bread are perfect afternoon snacks partnered with coffee or juice.

If you have enough space in your home, you can buy your own oven for quick batches. If you’re located in a palengke, you can expand your own bakery to include more types of bread and cakes, or opt for a franchise.

Carinderias are vital sources of quick and budget-friendly homemade meals. Perhaps the most important contribution of a carinderia in Filipino society is that it reminds us that our cuisine is diverse and plentiful and can be just as delicious as international cuisines.

Make sure that your location has high foot traffic that has high demand for budget-friendly carinderia meals. Have a reliable supplier or go to the palengke during the early morning hours to get the freshest ingredients possible.

It’s okay if you want to start with your own stove, refrigerator and cooking equipment at first, but as business grows, it greatly helps to acquire more equipment to keep up with demand.

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Homemade food business ideas in the Philippines

Are you thinking of starting your own carinderia, restaurant, or even just an online homemade food business in the Philippines? Here are some home-made meal and merienda recipe ideas if you want to venture in this business!

When it comes to Filipino food and taste, nothing beats a good old rice meal! Rice is such a staple food that you can offer breakfast, lunch and dinner rice meals at affordable prices! You can keep it simple with classics like silog, adobo, sinigang, and caldereta or introduce dishes from different Philippine cuisines. You can even expand into a catering business for schools and offices.

Baked goods

grocery business plan in the philippines

Another way to market your baked goods is by setting up a booth in bazaars and open food markets. You can offer free tastes, buy one take one deals, discounts, or packages to sell and promote your products.

Filipinos are becoming health-conscious and are now more watchful of their eating habits. To help people achieve their fitness goals, cook and sell meal plans according to various diets such as high-protein, low-calorie, low-carb, keto, even vegan and pescetarian. Promote healthy food for lunch and dinner in the Philippines!

Pasta and pancit

Just like rice and bread, pasta and pansit can fulfill Filipinos’ love for carbohydrates. Pasta and pansit are musts for parties, fiestas and other celebrations, so you can offer pasta and pancit dishes in large quantities or a la carte style.

International cuisines

Satisfy Filipinos’ longing for travel through dishes from international cuisines! You don’t need to spend lots of money for plane and accommodation just to try your favorite Asian, Arabic, European, or Latin American food.

Make people feel like they have traveled to other countries through adopting popular international cuisines and adding some local flair to it!

Filipinos are notorious for their sweet tooth. Fill your customer’s sweet cravings with homemade cakes, cookies, leche flan, mango float, and other delicacies!

Food business loan in the Philippines

There are many ideas to choose from if you’re planning to start a food business. But whether it’s just going to be a small stall in front of your home, a full-scale restaurant, or an online shop, you’re going to need lots of money as capital and to support day-to-day operations.

Aspiring businesspeople are urged to save up money for capital. But we understand that sometimes saving is not enough, that’s why people resort to loans to fund their food businesses. And with Digido, you can get quick cash loans up to Php 25,000 that you can use as capital!

It’s easy to apply for a business loan through Digido. Simply download the app on your smartphone, sign up for an account, fill out the application form with your personal and employment details, input the amount that you need, then press apply!

No need for lots of paperwork and long lines to the bank! You can get credit at a minimum of Php 1,000, with a maximum of Php 25,000 for repeat borrowers! With a Php 25,000 loan, you can now start your small food business in the Philippines such as:

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There are lots of food business ideas in the Philippines. It is now easy to turn your homemade food or merienda ideas into a lucrative venture. You just need to have enough capital to start and survive.

Wondering how to start a food business from home? Prepare your business plan, have your capital ready, secure your logistics, hire manpower, and market your business. But if you don’t have enough capital yet, you can get a food business loan from Digido.

grocery business plan in the philippines

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9 Tips To Starting A Rice Retailing (Bigasan) Business In 2021

How much capital is required to start a rice business in the philippines.

You’ll need a capital starting at ₱50,000 for retailers and ₱250,000 for franchises, this is for people who want to sell a common product that has an existing market.

How Do I Start A Rice Retailing Business?

1. get the national food authority (nfa) license.

The law mandates every rice business in the Philippines needs approval from the NFA, whether it’s commercial or NFA rice.

You’ll need a license for the main store if you’re going to open numerous outlets. All the other outlets will be considered as branches.

Head to the NFA office that has jurisdiction in the location of the rice business.

You can get an application form from the licensing offer (LO). Submit the form and pay the application fee of ₱100.

2. Register Your Business

Businesses need to be registered with the Department of Trade and Industry (DTI) for sole proprietors and the Securities and Exchange Commissions (SEC) for those operating with partners or a corporation.

3. Buy Proper Equipment

Part of NFA licensing requires that you have the following:

The NFA inspector will issue (once approved) a notice of inspection , which you’ll need to bring along with the proof of compliance with deficiencies (if any) and official receipt to the NFA office to receive your license.

4. Pick A Good Location

In this case, a great example would be palengkes (wet markets) and groceries where people always buy rice.

5. Invest In Proper Storage For Rice

Rice spoils quickly, and its quality will deteriorate within three months. Using the “first-in, first-out” (FIFO) method makes sure every sack of rice doesn’t go beyond its shelf life and is of high quality.

6. Be Friends With Your Suppliers

For people living near Bulacan, Primavera Rice Mills in Guiguinto is the most recommended rice supplier for big fast-food chains and restaurants in Metro Manila.

Make a list of the available rice suppliers in your area and make friends with them. With a good relationship with suppliers, you’re likely to receive discounts in the long run.

Franchisees, however, might not benefit from this since franchisors usually have their own rice mills. This limits the franchisee’s control over rice distribution.

7. Provide Good Customer Service

Offering a wide selection will make it easier for customers to do with your business with the options that you give them.

Look into making deals with both large and small businesses, from hotels to carenderias.

Giving your customers even a small discount can be a big boost to your bigasan business as they’ll likely be loyal and even refer you to their friends.

8. Set Aside Budget For Rice Supply

There are some rice suppliers that require retailers to have a minimum order of rice. Otherwise, they won’t supply rice.

9. Separate And Cover Rice From Other Goods During Transportation

Because of sun exposure during transportation, rice can lose moisture and reduce in size, up to 3%. Properly covering them can prevent bukbok from hiding in the grains, especially when trucks pass by other rice fields.

You’re Ready To Start Your Bigasan Business!

By following these bigasan business tips, you’re more likely to succeed and even build your own rice empire.

If you need help or more information, refer to the contact information for relevant authorities in the rice industry.

Business Licensing Authorities

Department of Trade & Industry Address: Trade & Industry Building, 361 Senator Gil J. Puyat Avenue, Makati City, Metro Manila, Philippines 1200 Website: www.dti.gov.ph Email: [email protected] Facebook: www.facebook.com/DTI.Philippines Twitter: @DTIPhilippines Instagram: @DTI.Philippines Trunk Line: (632) 7791 3100 | (632) 7751 0384

National Food Authority Philippines Address: National Food Authority, Visayas Warehouse, Visayas Avenue, Brgy. Vasra, Quezon City, Metro Manila 1128 Philippines Website: www.nfa.gov.ph Facebook: www.facebook.com/nfapublicaffairs Instagram / Twitter: @bigas_nfa Mobile no.: 0906 436 3133

Security and Exchange Commission (Licensing Unit) Address: G/F Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, 1307 Website: www.sec.gov.ph Email: [email protected] Trunk Line No: 8818-0921

4 thoughts on “9 Tips To Starting A Rice Retailing (Bigasan) Business In 2021”

Nice.. thank u for ur help starting my own business.

No problem, I wish you good luck!

I have a friend who would like to get into the rice business, he lives and works in quizon city , he works as a security guard right now, i would supply the capital for his business. How would he go about the best way to insure success. Thank you

It’s very big help useful thank you so much for this guide God bless and more power.

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9 Business Ideas Worth ₱100,000 Or Less

Having your own business is the sure way to financial freedom. When you are your own boss, that’s when you totally enjoy financial independence and be able to do whatever you want without the restriction of an eight-hour job. It only takes creativity to know how to make money. If you have an entrepreneurial spirit, gather your courage now and to start your own business. Start with a small business and work hard to grow it. Here are some business ideas that can bring you good profit that requires less than ₱100,000 for the capital:

Business Idea 1: Street Food Business Business Idea 2: Gotohan and Mamihan Business Idea 3: Videoke Rentals Business Idea 4: Farming Business Idea 5: Cellphone Repair Business Idea 6: Carwash shop Business Idea 7: Clothing store Business Idea 8: Photography Business Idea 9: Grocery store

Business Idea 1: Street Food Business

Estimated start-up capital: ₱5,000 – ₱10,000.

For a very low capital, you can have your own business plan with a street food stall. Street foods are considered as a good source of income because Pinoys sure loves street foods. You can go for the usual kikiam, fishball, squid ball, chicken ball, or go for more varieties like barbecue, calamares, and tokneneng. You can earn as much as ₱500 in a day especially if you get a really good place where there are plenty of people. Best locations are around schools or the market.

streetfood

Business Idea 2: Gotohan and Mamihan

Estimated start-up capital: ₱5,000 – ₱15,000.

If you have a talent for cooking and you live in a place where people work early, you can set up a Gotohan and Mamihan and start earning as a business idea. You have to pick up a place though, renovate it to accommodate customers, and think about what other products you’re going to offer. You should also decide whether your gotohan will be open 24-7 or for a set time only. You should also consider if you’re going to hire other people or you’re going to make it by yourself.

Business Idea 3: Videoke Rentals

Estimated start-up capital: ₱25,000.

Another business that you can pull off is to rent out videoke machinesfor special occasions. Videoke rental services are in a boom especially during birthdays and other celebrations. You will need a smart business strategy to promote this business though. Some of the cost-effective ways to promote your business are through Facebook, tarpaulins, banners, or simply do the word-of-the-mouth advertisement. Videoke machines are usually more affordable at Raon, Manila and you can buy five machines to start up your business.

Business Idea 4: Farming

Estimated start-up capital: ₱25,000 for each hectare.

Farming is one of the promising business ideas you can consider. If you know a place where you can buy land—say a hectare—you can invest in vegetable farming. Unlike common belief, there is plenty of money involved in farming especially if you use advanced methods of vegetable growing. By having a lot, you can also seize additional business opportunities such as raising hogs, poultries, and goats. Take note that meat is always in demand especially in the local markets.

Business Idea 5: Cellphone Repair

Estimate start-up capital: ₱50,000.

Nowadays, smartphones are more fragile than before. Hence, these are prone to breaking or not working properly as they should. Starting up a cellphone repair shop will be a good idea. You can also sell cellphone accessories and other gadgets as another business strategy for your business. Just make sure that you do quality work and excellent work ethics to gain customers’ trust.

Business Idea 6: Carwash shop

Estimated start-up capital: ₱50,000 and above.

One of the profitable business ideas you can consider is starting up a carwash shop. If you make good on the business, you can easily earn as much as ₱25,000 a month or more depending on the services you provide. Of course, providing excellent service is the first key to gaining your customers’ trust. You can also add selling car accessories to maximize your profit earnings. Make a strategic business plan to thrive in the market and implement the plan effectively and you can possibly go far with this business.

car wash

Business Idea 7: Clothing store

If you’re really good at fashion, you can sell affordable clothes and other apparel with good quality. Nowadays, you can set up an online store and advertise on social media so you can reach more people. It is smart to start this as an online business whereas you don’t need to pay for a place and just use your house. Once your business is known and you’ve acquired loyal customers, you can then decide to put up a physical store where your customers can visit and shop. This way, your business can already sustain the cost of rentals and other operational expenses such as electricity and staff.

Business Idea 8: Photography

Estimated start-up capital: ₱100,000.

If you have some very good photography skills, you can invest in a good set of cameras and photography equipment and start your own photography business. This is one of the business ideas that are well embraced nowadays by skilled photographers with an entrepreneurial spirit. Although the competition is high, you can definitely thrive if you will deliver unique photography concepts, high-quality outputs offered in good packages, and reasonable cost for the services you’ll offer. Additionally, you can also start up a sideline business with your photography skills by setting up your portfolio online and have people buy your pictures.

female staff

Business Idea 9: Grocery store

Another small business that has good potential for earnings is a grocery store. Buying products for this kind of business is cheaper and you can have an assortment of products available. You can set up a local grocery store in your place or invest more for a larger one. The best place for a grocery store is the public market or those with high human traffic. It is also a good business strategy to bring the grocery store close in a community that still travels to shop for their commodities. Consumers prefer convenience; hence, these people will make a good target customer.

You can further improve these business ideas to make your business more unique. Take courage to start your small business now after careful planning. Don’t delay realizing your dream of being an entrepreneur any further. Now is the best time!

If you’re considering of getting a personal loan for your business capital, GoBear Philippines allows you to compare personal loans to help you find the most suitable offer fitted for your need.

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How to Start a Small Food Business in the Philippines

how-to-start-small-food-business-philippines

For ten years I was in the food business. From 1998 to 2008, my family and I operated a chain of hamburger stores that were franchised from the United States. Like many Filipinos, I wanted to start a small food business in the Philippines. Seeing the long queues and over-worked cash registers made the food business seem like a “can’t miss” opportunity.

But those ten years represented some of the hardest struggles of my life. Running a restaurant is not easy. When I hear people say managing a successful restaurant is all about serving good food and extending good service, I just shake my head. They don’t know the half of it.

In the United States, the failure rate of restaurants has been measured at three out of every five or 60%. Many reality shows on television feature failing, near-death restaurants resurrected by popular chefs such as Gordon Ramsey (“Kitchen Nightmares”) and Robert Irvine (“Restaurant Impossible”). While these shows do not necessarily reflect the state of the restaurant industry, they do show how difficult and unforgiving the business can be.

There are so many variables in the restaurant profitability equation. Good food and good service only cover the revenue side. Meanwhile, food cost, rent, wastage, pilferage, and salaries cover part of the expense side. We haven’t even touched on the behavioral side of the restaurant business. This includes personnel attitudes and behavioral patterns, customer relationships and the entire value chain: suppliers, vendors, landlords and contracted service providers.

Despite these challenges, more and more restaurants and food concepts are opening in the Philippines. Go to a mall, drive to the business district or even when you pass the last corner before you turn into your street; chances are you will come across new restaurants opening up.

So I decided to find out why. In my research I sought to find out the answers to these questions:

My methodologies included the following:

The results of my research formed my opinions on this piece. I just want to make it clear that I cannot identify the restaurants sampled in this article because this is not an advertorial. I can only go as far as describe the food and the concept.

The answers are dispersed throughout the different stages required to start a small food business in the Philippines.

First, let us define what we mean by “small.”

A small business in the Philippines is characterized as having low capitalization, low gross annual sales, and small manpower complement. So for the purpose of this article, let us forget the large-scale foreign and local fast food franchises where the required capitalization will exceed Php20 Million.

The food concepts I visited include:

I estimate the costs of setting up these restaurants range from Php50,000 to Php2 Million. Costs include capitalization expenses, initial inventory and working capital for three to six months.

Some of these were small businesses that grew to become local franchises and the rest are local concepts that for now have no plans to franchise.

With these in mind, here is how you can start a small food business in the Philippines:

1. Define Your Concept

Product differentiation is critical in today’s highly competitive food retail market. You need a concept that will give your customer greater value.

I’ve noticed that many new concepts are focusing on customizing their products according to what the customer wants.

People think this is a great way to make the customer feel like he’s in charge and he is. But the intrinsic value of customization is that it is a great way for the restaurateur to improve his profit margin.

Everything starts out with the basic ingredients: burger patty and the bun or a pizza crust. Then you choose the toppings on your product: bacon, egg, cheese, pepperoni, mushrooms, BBQ sauce, chili; it’s all fun, and you are in control of what you want. But these toppings carry a healthy profit margin with them!

Customization is a smart concept for a restaurant because you give the customer flexible pricing options and at the same time protect your profit margin.

2. Develop and Test Your Product

Before you decide to push through with your food business, you have to develop and test your product first.

Always have the main product in your concept. If you are planning to start a Mexican-themed restaurant, perhaps create a signature burrito and store made corn chips.

Identify your Buyer Persona and create a few beta test groups. Come up with at least three versions and have these tasted by the beta test groups. Collate the surveys and interview the beta test groups on their experience with the different versions.

You must be prepared to have an extended beta-testing period because you want to fine-tune the quality of your product. The final version will determine your food cost.

3. Develop Your Service System

One of our worst customer experiences was with a restaurant that had been open for two weeks. It would have been understandable if this was their first restaurant, but it was their third!

You’d think that the restaurant owner would have figured out his system by now. Unfortunately, he hadn’t, and their Facebook page is inundated with several scathing comments on the quality of their service. Hardly anything was mentioned on the quality of their food because everyone was venting on their poor service.

Your system must guarantee quick service without compromising the quality of your food. You make your customer happy, and you increase the turnover rate of your business. High turnover means higher sales!

Developing an effective service system comes down to a number of factors:

4. Conduct a Project Study

Once you have your product and system finalized, commission a project study. This must include the following:

5. Build a Business Plan

The project study will be the basis for your Business Plan. This is a necessary document which will be the blueprint or reference point for your restaurant.

Additionally, the Business Plan will be the reference point if you are trying to secure funding for your business. Banks, investors, incubators and accelerators and potential partners would want to know everything about your business.

For them, yours will be an investment, and they will want a substantial return on their money.

6. Register Your Business

When you have secured enough funding, it would be time to register your business.

You can register your business online. If you plan to set up a corporation go to the Securities and Exchange Commission or SEC website . If it is a single proprietorship or partnership, register your business at the Department of Trade and Industry or DTI website .

As a registered business, you can avail of better credit terms with suppliers and leasing arrangements with landlords.

7. Identify Your Location

It used to be that the success of a restaurant would depend greatly on location. But that may no longer be the case today.

One of the best burgers I’ve tried was not located in a high-traffic area. In fact, if you were not looking you would probably miss it. It took us 45 minutes to find the place. But it was worth it. The burger was so good!

Why did we try the place? I read about it on Facebook. Social Media is “Word-Of-Mouth” in the virtual world. When I visited their Facebook page, all of the comments were encouraging. Even the Google search results yielded positive reviews.

Be that as it may, having a good location with a high volume of foot traffic, plenty of parking options will always be a plus for your business.

Here’s my two cents worth of advice: Forget the malls! These are over-rated locations. Yes, they do bring in the volume, but they also bring in the competition. Ever notice the high number of empty restaurants inside the mall?

Another thing is some malls calculate rent as “34% of gross sales or the fixed rate, whichever is higher.”

Do the math: If your food cost is 50% and labor cost is 10% how much money would you have left if rent is pegged at 34%?

8. Develop Your Brand

One of the biggest mistakes by food retailers is not developing their brand at the start. I should know because this was one of my biggest mistakes when I started out.

Our product had so many selling points, but we could not settle on one that would define the main item. We also had a supporting dish that encroached on the role of the main item. In the end, the branding strategy was a convoluted mess.

Back then, we had to rely on traditional marketing strategies which were expensive, unsustainable and difficult to measure. The ROI on traditional marketing is very low.

Today with online marketing tools, strategies can be updated, improved and revised because performance can be measured in real time. Online marketing strategies are also more affordable which result in higher ROI.

It is much easier to develop a small food business brand today through online marketing. All you need is an interactive e-commerce website, Twitter and e-mail marketing for market acquisition, Facebook, Pinterest and Instagram for posting content and regular blogging activity.

Hire a social media manager or digital marketer to put these all together so you can generate leads for your business.

9. Qualify Your Suppliers

The key to having a profitable business is having a great tasting product that offers value and quality for the customer and an attractive profit margin for you as the proprietor.

In the burger restaurant, we visited a quarter pound burger costs only 50 pesos. Compare this with the regular fast food burger which costs three times but does not taste anywhere as good as this burger.

The restaurant’s concept is to grill your burger upon order. I noticed the burgers were not made uniformly which told me these were formed inside the store. In fast food restaurants, the patties are delivered blast frozen from a meat refinery.

A kilo of ground beef costs at the supermarket is around 188 Pesos per kilo. Thus, for a quarter pounder, the cost of the patty would be 26 Pesos. I’m assuming the proprietor buys local ground beef directly from a manufacturer at 20% less the regular price. Adjusted, the food cost of his patty should be at 21 Pesos or 42%.

In the fast food business, food costs can exceed 50%. This is why for fast food the name of the game is volume. They have to sell more to recoup lower profit margins.

Fast food margins are very low because everything is refined, packaged or imported. For example, their French fries are imported either from Portland, Oregon or Australia.

But did you know you can make better French fries from store bought raw potatoes?  All you need is a high-starch variety like Russet potatoes. Cut them Julienne style and soak them in water overnight to get rid of excess starch. The following day they are ready for frying.

And the cost? At least 50% cheaper than the imported fries!

Find a supplier who can assure you of consistently good quality ingredients at lower than retail prices. As a contingency plan, look for at least two suppliers. The competition will keep them honest, and you are assured of a second supplier if the other one runs out of stock.

10. Hire Right-Fit People

This is the Waterloo of several restaurants we tried. Service is consistently horrible.

The service crews are not prepared or trained properly. They do not know the menu, have no personality and appear lost most of the time.

The restaurant managers are not proactive. Most of them are just standing around like a coat hanger. They are not supervising the floor or attending to customers.

Some of the off-duty services were interacting with the front line crew which only served to distract the cashiers from doing their jobs. In one restaurant which served grilled chicken, the manager and the service crew was sleeping on some of the tables!

Meanwhile, in a Dimsum kiosk we visited, the attending crew was busy gossiping among one another even though a line had formed in front of them.

The food business isn’t just about the quality of your food. You must invest in the right people to manage your business. Qualify them accordingly and give them all the training they need. These are the people who are willing to work long, hard hours in the restaurant and give their best every single day.

Even though my restaurant did not succeed, I was blessed with having worked with some of the best people as service crew and managers. It did not matter if the store had only one customer or 1,000. They always gave their best.

In fact, when I moved from the food business to BPO, I brought them with me!

11. Do a Dry Run

Do not open your doors to official business unless you are 100% certain the serving system and the crew can handle a high volume of orders.

Conduct a 1-2 week dry run to iron out the kinks of your service and to give your people more practice. Start out the dry run during off-peak hours such as 2:00 pm to 6:00 pm.

As the crew becomes more confident, move the dry run to busier hours. Try dinner hours or 6:00 pm to 8:00 pm which is shorter and less busy compared to lunch time.

Promote the dry run in social media and give incentives so people will go out of their way to try your food. A good campaign would be: “We are on DRY RUN. Only 100 burgers will be served from 2:00 pm to 5:00 pm. First come, first serve only. Once the door closes, try again tomorrow!”

Another one would be: “We are on DRY RUN. First, 50 customers will be given 50% discount on their burgers!”

12. Official Day 1 of Business!

When the surveys and figures show that the restaurant is ready for official business, schedule the day when your small food business will finally open to the public.

When I was planning the launch of our restaurant, we focused a significant portion of our limited resources on developing nice looking menus and menu boards.

Trust me when I say hardly anyone will care about how your menu will look like. In every menu, the diner will primarily focus on one thing: Price.

Save your money and keep your menu designs simple. Some of the restaurants we visited only used the blackboard or print outs.

Start your Small Food Business in the Philippines

Lastly and most importantly, if you plan to start a small food business in the Philippines be prepared to embrace the grind! The food business is very tough. There will be long hours, and you have to manage many variables to make your business profitable.

As a parting thought, I believe you no longer need to own a franchise to succeed in the food business. The selling points for franchising were that you were buying a “tried and true system” and a “recognized brand”.

For these, you have to fork over a franchise fee of anywhere from 250 Thousand Pesos to 20 Million Pesos plus monthly royalties of 7% to 12% of gross income. Again, do the math. Now you have to capitalize the franchise fee! I’m sure there will be nicer things to look at than your income statement.

I enjoyed and had the best experiences with the “hole-in-the-wall” establishments. The food was great, and the service was good, and the overall value was excellent. My worst experiences were with the mall-based establishments and franchises. Service was bad; most of the time food was out of stock. And the quality was between fair to good.

If you invest time and resources, you can fine tune an efficient service workflow. As far as the branding argument is concerned, social media and other online marketing tools have rendered this myth. If you consistently offer great food with great service, the online community will build your brand.

If you plan your business well and commit to building it, your concept may grow to become a very lucrative and rewarding enterprise.

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Food retail industry in the Philippines - statistics & facts

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Food market revenue change in the Philippines 2014-2026, by type

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Retail sales share FMCG goods Philippines 2021, by channel

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E-commerce sales of food and beverages in the Philippines from 2016 to 2021 (in million U.S. dollars)

Food segment

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Retail sales value of packaged foods in the Philippines for 2017 to 2021 (in billion U.S. dollars)

Value of savory snack market Philippines 2019-2026

Value of the savory snacks market in the Philippines from 2019 to 2020, with forecasts until 2026 (in million U.S. dollars)

Major packaged food brands Philippines 2021, by index score

Leading packaged food brands in the Philippines as of July 2021, by index score

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Beverage segment

Revenue of alcoholic drinks market in the Philippines 2021, by type

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Sales channels of non-alcoholic drinks market in the Philippines from 2017 to 2025

Beverage brand preference in the Philippines 2021, by penetration rate

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Total sales of supermarkets Philippines 2016-2021

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Total sales of hypermarkets Philippines 2016-2021

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Traditional food and beverage retail total sales value Philippines 2016-2021

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Convenience stores total sales Philippines 2016-2021

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Major supermarkets Philippines 2021, by retail sales

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Major convenience stores Philippines 2021, by retail sales

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Online food delivery

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grocery business plan in the philippines

How to Start an Online Grocery Delivery Business Philippines

How to start an online grocery delivery business? Online grocery shopping is catching up with consumers rapidly. According to Orian Research, the global online grocery market would grow at a CAGR of 23.7% in the period of 2020 until 2025. 

One more research suggests that the grocery ecommerce business is expected to reach $250 Billion in the next five years.

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Everyone needs to eat, but not everyone likes to shop. In a world where the time crunch is constantly crunching harder, plenty of people happily pay to have someone else get their groceries. 

Like when starting any business, you’ll need to do market research, advertise and research local business licensing laws. But if you have a reliable vehicle and the time to drive, the service can be a money maker.

Things to Consider Before Starting an Online Grocery Business

grocery business plan in the philippines

How to start a profitable grocery shopping business.pdf? To get successful in starting and operating an online grocery business, you need to focus on the following factors:

Out of all these factors, entrepreneurs or business owners often waste so much time and resources in choosing the suitable grocery business model.

Read also: Realistic Objectives of Online Businesses in the Philippines

Different Business Models Of Online Grocery Industry

grocery business plan in the philippines

Grocery home delivery business plan? Going out to local stores everyday to buy groceries can be challenging. People are caught up in their busy schedules and rarely find time to visit stores and buy food. Given the fact that everybody has mobile phones with them all the time, the emergence of online grocery ordering and delivery businesses was obvious.

Online delivery businesses are thriving across the globe. Be it grocery on demand, food on demand or other services, the on demand economy is just booming.

Instacart: Hyperlocal Grocery Business Model

How to start a grocery delivery business? Instacart is another prominent name in the arena of grocery delivery service providers. Its unique selling point is rapid delivery. Being a hyperlocal grocery delivery platform, Instacart connects customers with personal shoppers who are responsible for door-step grocery order delivery. It works on a 3 tier customer strategy, where buyers purchase grocery orders online via the application of Instacart. 

Business Model of Instacart at Glance (Buying and Dispensing)

Grocery Retail Partners: Grocery vendors who have a contract with Instacart to list and sell their grocery items through the platform.

Instacart Shoppers: Instacart shoppers shop for groceries as per buyers’ requirements and then deliver it to them.

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Fresh Direct: Inventory Business Model

The main USP of Fresh Direct is to deliver fresh groceries to its consumers. By using the Fresh Direct app, customers can order groceries with the click of a button. The order is later delivered to the customer’s doorstep by a refrigerated truck. Apart from customers, grocery suppliers, and Fresh Direct buyers, are the key partners of Fresh Direct.

Business Model of Fresh Direct at Glance (Buying, Warehousing and Dispensing)

Grocery Suppliers: By partnering with FreshDirect, grocery suppliers supply their produce like meat, seafood and poultry. Suppliers are also listed on the application of FreshDirect to showcase products to the relevant buyers.

FreshDirect Buyers: Buyers of FreshDirect, check and purchase fresh grocery supplies from suppliers. The stock purchased is taken to the warehouse of FreshDirect. All grocery items are stored in a temperature-controlled environment at the warehouse.

A refrigerated truck later delivers the order to the consumer. As FreshDirect follows just-in-time practice, the order is prepared only after being placed by a customer.

Peapod: Multi-Vendor Grocery Business Model

Peapod is one of the oldest grocery delivery services in the US. Following a hybrid approach, Peapod acts as a service provider like Instacart and an online supermarket. It offers fresh produce, meat, alcohol, refrigerated foods, meal kits, and more.

Though Peapod primarily fulfils orders through its warehouses, recently, it has partnered with grocery stores to provide delivery services. The company has ‘warerooms’ that are attached to the grocery stores where employees prepare and fill customer orders.

Operating as a multi-vendor marketplace , Peapod facilitates shipping and payments.

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Walmart: Omnichannel Business Model

With the integration of physical and digital storefronts, Walmart provides consumers with channel engagement as per preference. It operates as an omnichannel business model . Customers are seamlessly served via the website, mobile application and in store interactions.

Its essential resources include brick and mortar stores, eCommerce stores, distribution and storage centres, mobile apps and human resources.

The key activity of Walmart is to buy and deliver goods. The company controls the costs involved. In addition, it invests in inventory control, customer service and distribution management. The company comprises three major categories:

Further, these categories consist of many formats: Hypermarkets, Supercenters, Supermarkets, eCommerce, warehouse clubs and more.

Revenue Channels in Online Grocery Marketplace Business

grocery business plan in the philippines

Is online grocery business profitable? Commission on Each Transaction: Admin can charge a commission on every transaction from the seller.

Vendor Subscription: A vendor has to pay a fixed amount of money to the admin in order to list, access, and sell on a grocery eCommerce platform. A vendor can choose the required subscription plan from a number of available options and can also upgrade or downgrade the plan according to his or her requirements.

Commission on Delivery: On every transaction, the admin can charge a fixed delivery fee from both buyer and delivery boy.

Secondary Revenue Streams:

Read also: Why is Online Business in the Philippines Good in a Pandemic?

Key Features for Online Grocery Marketplace

grocery business plan in the philippines

How to start a personal grocery shopper business? Visiting supermarkets to buy grocery and other related items would be more difficult for a person. If you have decided to provide an ease of shopping and want to open or have opened an online grocery supermarket store, you must have some of the features for your online store.

Moreover, you must adopt a business model to become successful in this industry that will provide your customers with the ease and convenience of shopping. So, here the key features for online grocery marketplace:

How to Start an Online Grocery Business in 2022?

Online grocery marketing strategy? To launch an online grocery business in 2022, two methods can be followed:

Build from Scratch

grocery business plan in the philippines

To build a grocery eCommerce marketplace from scratch you will need a dedicated development team of your own or will have to hire a leading website development company. Both the cases require hours for research, development, testing and deployment. The process adds up to the time, making it expensive.

Using Ready-made Grocery eCommerce Platforms

grocery business plan in the philippines

On the other hand, a ready-made grocery eCommerce platform is convenient and less expensive compared to the development from scratch. Ready made grocery eCommerce platforms come with pre-integrated features and APIs, there is a one-time payment, and the time required for setups is less.

Growcer is one such readymade grocery ecommerce platform that can launch your online grocery business in a short time frame.

It also offers exemplary features and functionalities and offers a lifetime licence. Equipped with ready made buyer and grocery delivery apps, Growcer is a perfect platform to launch a grocery business online without any hassle quickly.

Do You Want to Manage Multiple Marketplace Just by Single Person?

Of course you can! You can handle multiple stores from all marketplace just by single dashboard. Cut your Business’s cost, and Boost your Efficiency at the same time.

Grocery consumption is the basic human need, and people are increasingly relying on online shopping. So, the online grocery business idea fits perfectly in the current dynamics, despite the above mentioned challenges.

The important thing for entrepreneurs planning to enter this sector is to be aware of these challenges and know how to tackle them by leveraging the right technology, trends and tactics.

How to Manage Online Sales with Ginee?

grocery business plan in the philippines

Use Ginee Philippines   to reduce the management burden when selling right away. Ginee is an online sales management software that applies the Omnichannel model to help sellers easily sell multi-channel products more conveniently and smoothly. When using Ginee, you will get:

Sign up for a free 7-day trial today so you don’t miss out on great features at Ginee. 

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Business Plan: Mini Fast Food Restaurant

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"Pinoy"fast food restaurant believe in its unique delivery of service as its policy is "Customer is king". We are here also so that the travelers could experience the different delicious types of Filipino Cuisine. Its traditional as well as western outlook gives you the feeling as if you are the member of its family. Though we are new but the love and taste in our foods will be abundant.

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How to Write a Food Truck Business Plan

woman operating a food truck with desserts

The street food industry experienced 7.5% growth, on average, for each year between 2015 and 2020 , with an overall valuation of more than a billion dollars in the US alone. It's time to find out how to start a business  that makes mouths water! The first step is writing that business plan!

For those with aspirations of culinary greatness, a food truck is the perfect setting to develop new recipes while building a fan base, or even an online business, without the expense and risk of opening a brick-and-mortar restaurant. There is even a street food chef in Singapore with a Michelin star, proving that you don’t need a giant kitchen and 50 sous chefs to build a reputation for quality, innovation, and deliciousness.

With the increasing popularity of food trucks, it’s essential to prep your operation before you start prepping your mise en place. A solid food truck business plan puts you at the front of the grid when the race begins.

Writing your food truck business plan

Starting a street food business is subject to the same challenges and pitfalls as any other startup operation. But there are special considerations for food trucks to address before you open the window to start slinging sandwiches (or tacos, or barbeque, or …)

You may want to open up our handy business plan template so you can take notes, or jot down your brilliant ideas as they come to you. We also talked to seasoned food truck operators Natalie Basile and Mikey Wheeler-Johnson of Eats Amoré Mobile Italian Cuisine , who share their knowledge and experience throughout this guide.

eats amore team in field

From the executive summary to the financial details, we’ll show you how to build a food truck business plan for savory success.

Executive summary

Even though this is the first section in your business plan, it’s the last section you should write. Your executive summary captures all the highlights from the rest of your business plan, so get those sorted out first.

When it’s time to write this section, think about your audience. If you’re writing a business plan for yourself as a way to stay organized, motivated, and focused on your goals, this summary can be quick and dirty.

Don’t worry too much about style or flair—instead stick to the most important elements of your business plan. You might even use bullet points to create a checklist of the major tasks that you’ll need to complete before you can start dishing out Korean fried chicken.

If your business plan is meant to secure a loan from a bank, your executive summary will need to focus on profit, reliability, and the fact that you know what you’re doing —so your food truck feels like a safe bet.

While it’s important to mention what makes your food service model unique, spend plenty of time showing that you also understand the realities of running a small business.

Company overview

This section is your opportunity to explain what is going to make your vehicular vittles different and more successful than every other food truck on the road.

As part of this section you’ll need to tell your audience what makes you capable of running a profitable food business. Do you have professional cooking experience? Have you managed a commercial pantry before? Do you have an existing reputation for creating delectable meals? Banks might invest in you based on the strength of your idea, but experience will improve your chances.

At Eats Amoré, even though neither Mikey nor Natalie has professional cooking experience, they do have a proud family history of producing delicious food. “Natalie learned to cook from her grandmother, who’s from Naples, Italy. And then her mom is an organic farmer, so she learned traditional recipes with fresh ingredients, which is the backbone of Italian cooking.”

In addition to your own position in your food truck business, this section is the place where you’ll outline the types of employees you have or will need to hire. Food trucks are small, so chances are you won’t need a lot of staff out on the road, but you could consider hiring prep staff, cleaners, etc.

The company overview is also the best place to set some goals. As a short-term goal, most food truck owners (and restaurateurs for that matter) aim to pay off the bulk of their startup costs (licensing fees, insurance, supplies, food, website, branding, etc.) within the first year, though this will depend heavily on your anticipated margins.

Other short-term goals may include building a social media following, finding predictable parking spots to encourage repeat traffic, or securing a spot at a big event.

Your largest capital investment is, of course, the truck itself. Although food trucks cost a lot less to set up compared to brick-and-mortar locations, they can still set you back between $50,000 and $175,000 , depending on what kind of food you’ll make and the equipment required to do it. Paying off your food truck is likely to be your major long-term goal.

Market analysis

A huge factor in setting your business up for success is understanding the market where you will operate.

Restrictions

Since food trucks are mobile, you’ll enjoy some flexibility compared to a restaurant, but many cities still restrict where, when, and how you can serve your customers as part of the license that allows you to operate (which costs an average of $1,800 ).

If your ideal customers live and work in an area or at a time when you can’t sell to them, you could be in for some difficulty. For example, if you were to open a food truck in Vancouver, you would find that restrictions include:

In some cases, you may find that food trucks have not yet been considered in city regulations, and you may have to blaze a trail for your business, like Mikey and Natalie did. “We had very limited locations that we could pick from. The zoning in Kamloops was absolutely terrible. We were not looked very favorably upon. So after many council meetings and lots of emails with counselors and going back and forth, we finally got the city to give us a pilot project location in the downtown core.”

Every city has different restrictions that affect food truck owners, so be sure to consult the city hall website in your area. And start early—licensing can take time, especially in locations with high demand.

Local conditions

Beyond the restrictions imposed by municipalities, each city is subject to conditions that could help or hinder your business. If you’re planning an ice cream truck for Edmonton, you might only have the warm, sunny weather you need for four months of the year, severely limiting profits. Conversely, the same ice cream truck in San Diego, with 266 days of sunshine on average, might be a sensation with lines around the block.

You should also take into account population in your city, demographics, foot traffic in your preferred neighborhoods, and the number of events that host food trucks, in order to establish an estimate of how many days per year you are likely able to operate.

Competition

Lastly, consider competition. Are there already a lot of food trucks in your city or in the area where you would prefer to park? Is there a robust restaurant scene driven by owners who don’t want food trucks diverting their customers ? Too much competition and you might have trouble finding customers or a place to park. Too little and you may find that there is a reason no one is running a food truck.

Products and services

This section is your opportunity to outline your creative food vision, so keep in mind that there are some limitations and considerations when it comes to the meals coming out of your truck.

Go out and study the existing food truck scene in your area to get an idea of what might work. “We made a point to go to Vancouver to talk to as many owners as we could. What are your hardships? What’s going on? But then we also went to Seattle and Portland and a lot of those trucks gave us a lot of advice,” says Natalie.

Alternate revenue

This section is a good place to consider additional revenue streams such as online sales of things like bottled sauces, spice packs, baked goods, etc. Selling online can be a lifesaver during quiet winter months, when festivals aren’t happening, or even during a global pandemic.

Eats Amoré has found that online sales and catering bookings via its Shopify website are becoming increasingly important to its bottom line. “It’s to the point where we have to turn it on and turn it off because it’s so busy,” says Mikey.

We came up with this idea called the Ravioli Club, which is essentially a membership that you buy from our online store, and you get three mystery deliveries of ravioli delivered to your house every two weeks.

delivery from food truck

Mikey wasn’t always an ecommerce expert: “I was very green in learning how to do all the online sales, and I’m still learning a lot,” he says.

"And even with the small increments of learning that I’ve done, sales are going up exponentially. Not only has it boosted our sales, but it decreased the amount of time that I have to spend doing back and forth work with people. Because once you have all your information laid out on the website, you get a lot less tire kickers and you get a lot more people that call you and want to hire you [for catering]."

Customer segmentation

This area of your food truck business plan is where you’ll outline your ideal customer. Where do they live? How old are they? What kind of foods do they like? How much disposable income do they have? You’ll need to do some serious demographic research to fill in this section, since every city and neighborhood is different. Then use it to inform your menu and pricing.

If you plan to set up outside rock concerts and baseball parks, caviar and foie gras could be hard to sell, while home-cooked barbeque might not do well on the street in front of your local opera house. Ask questions to determine what your potential customers want.

Marketing plan

You can make as much delicious food as you want, but if no one knows about it, you’re going to have a hard time making a profit. Your marketing plan is essential to the success of your business and this section is where you’ll outline it for yourself or your loan officer.

Branding and communications

Start by detailing where you’ll park and what your truck will look like , since these are the two biggest factors in attracting walk-by customers. Next, show how you’ll raise the profile of your business beyond passersby using traditional marketing techniques and, especially, social media.

Sugar + Spoon in Seattle has done an amazing job of coordinating the look and feel of its food, trucks, website, and excellent Instagram account to reinforce its brand recognition wherever customers may encounter it.

If you intend to park in different locations on different days, having dedicated followers on Instagram, Twitter, and/or Facebook is a great way to let people know where they can find you. Social media is also the perfect place to update your followers on new menu items. Remember to take great photos of your food for maximum impact.

Your marketing plan should also account for what makes your offerings different from everyone else on the road. In the Products and Services section, we discussed how your menu should fill a niche, whether it is the type of cuisine, quality, or cost. In this section, you’ll need to provide details on how you plan to communicate those differentiators to your customers.

women carrying basket of local ingredients

For example, Eats Amoré publicly refers to its cuisine using the acronym S.S.O.L (seasonal, sustainable, organic, local), which sets it apart from other food trucks that may be serving Italian dishes without the care, ingredients, or legacy that go into everything Mikey and Natalie cook.

Natalie finds that “people are so liberal with mac and cheese. … There’s other trucks that put mac and cheese on a hot dog or they put mac and cheese on a grilled cheese.” Not particularly authentic.

Mikey agrees: “I think there’s so much room in the culinary world for creativity that if you are not being creative and you’re just trying to mimic someone else, customers will see that. Would you want some Italian food from the Italian truck or the one that kind of looks like a burger or hot dog truck?”

Online ordering

Speaking of technology, this is a good time to explore the possibility of having your customers interact with you via smartphones and computers.

You may want to offer online ordering with delivery or pickup, which can be accomplished using third-party services like DoorDash , Skip the Dishes , Uber Eats , or any number of apps preferred in different markets around the world—be sure to find out which app most restaurants and delivery services use in your area.

Not having to wait in line could be a boon for hungry, busy office workers and increase the amount of business you’re able to do in a day.

A less obvious facet of your marketing plan is your start date. If you plan on opening right when the good weather hits, you’re likely to be too busy to spend a lot of time building a brand identity and online presence, though your cash flow will probably be in good shape.

Conversely, opening during a slower time of year may result in fewer sales but will allow you to get organized and accustomed to the pace of running a food truck. If you live somewhere with proper winter weather, you may want to consider taking some time off through the darker months.

“A huge mistake that we had in our first year’s business plan was that we were going to work through the winter,” says Mikey. “But what I forgot was that the people in Kamloops are very fair weathered. They’re used to nice weather. So a little bit of cold and they’re like, No, we're out of here. It wasn't until last winter that we actually did become a year-round business when we opened our Shopify account."

Logistics and operations plan

This section is where you’ll need to dig into the nitty-gritty, day-to-day operations of your food truck.

Supply chain

You need ingredients in order to sell food. But where will you get them ? Let’s look at your options.

Restaurant wholesalers

Example: Sysco

Pros: Reliable and cost effective.

Cons: Large volume-packaged products could be hard to store on your truck.

Wholesale clubs

Example: Costco

Pros: Convenience—shop whenever you want.

Cons: Prices may be higher than restaurant wholesalers.

Grocery stores

Example: Trader Joe’s, local greengrocers, specialty markets

Pros: The greatest variety of ingredients, including local, organic, and specialty items. Smaller package sizes.

Cons: High prices.

Many food truck operators use a combination of suppliers to achieve their goals, so look at what is available in your area that fits into your menu and budget. Also consider your menu: if you have a fixed set of meal offerings, will you be able to reliably get the same ingredients throughout the year? If your menu rotates frequently, will you have time to source new ingredients on a regular basis?

Mikey has found that the sources of their organic and local ingredients are part of the appeal of their truck.

It is a slightly more expensive route to go because locally grown food is better. But our menu changes all the time. It’s seasonally rotating. And I think that creates a bit of a supply and demand thing too, where if you want that [ingredient] and it’s in season, get it now because it won’t be here in two weeks.

Your truck is your facility. So think carefully about what kind of vehicle you decide to buy.

Mikey says, “We got this HandyDART bus for a steal, and we spent the beginning of 2013 turning it into a food truck. We learned so much. It’s a fiberglass vehicle, which wasn’t ideal compared to a big stainless truck. But we made it work.” Retrofitting a vehicle that isn’t perfect may be an option considering your budget and skill set, or you may want to purchase a vehicle that was purpose-built to be a food truck.

But your facility requirements may be substantially more than just putting four wheels on the road. This is the place to outline the physical equipment and maintenance requirements for your business, such as:

Many cities also dictate that some aspects of food preparation, such as chopping vegetables, making soups, baking bread, or preparing other ingredients, be done in an off-site commissary kitchen outside of sales hours, rather than in the food truck or in your home. This is to ensure food safety, and you’ll need to factor the cost and logistics into your plan.

It’s also a good idea to determine if you can store additional ingredients at your commissary kitchen location.

roast meat in a food truck

Production capacity

How long does it take to make an item from your menu, on average? This is a major consideration that could limit how many customers you can serve in a day. And unlike brick-and-mortar restaurants that can bring on more staff during busy periods, a food truck is likely limited to just a few people, no matter how many hungry folks are waiting.

How do you intend to cope with changes in pace and demand over the course of a day, week, month, or year? Mikey notes, “I go home and do dishes for two hours. It's far more labor intensive than people realize.” So don’t forget to factor in how much work you can realistically do yourself.

If you plan on offering products for sale online, you’ll need to sort out a plan to ship them to customers. Fortunately, shipping can be accomplished quite easily at reasonable prices .

Financial plan

Like most businesses, yours will likely live or die on the strength of your financial plan. You have to know how much money is coming in , how much is going out, and how those numbers are likely to change in the future. So be sure to dig deep into your prospective balance sheet to truly understand how profits and costs will affect your operation.

Profit margin

Fortunately for you, startup costs on a food truck are a lot less than a brick-and-mortar restaurant, so your break-even point could come a lot sooner. That said, your profits could be limited by the food truck model.

Many municipalities don’t allow food trucks to serve alcohol; traditional restaurants tend to assume a 30% profit from alcohol sales, which you probably won’t be able to access. Instead, food trucks can expect to average about 8% profit , which means they are a volume business. You’ll need to work fast to serve a lot of customers in order to earn a profit.

In addition, certain cuisines, like burgers, have a perceived upper price limit in the minds of consumers. Regardless of how much it costs to make, it could be tough to get people to shell out $25 for a food truck hamburger, depending on where you set up shop—menu pricing is critical to your financial plan.

You’ll also need to outline your cash flow scenario . Since food trucks can’t store a lot of inventory (ingredients and supplies), you’ll need to sell and restock more frequently than a brick-and-mortar restaurant.

Additional costs

This section is also the place to factor in other costs, such as licensing, maintenance, and staff wages, if you have employees. And if you don’t plan on hiring help, remember that you probably can’t work 16 hours a day, seven days a week, which will limit your profits too.

Now write that business plan

Now that you’ve had a chance to think about how your food truck dreams will shape your food truck business plan, it’s time to actually sit down and write it.

Need a little push in the right direction? Check out some examples , then start filling in your template once you’re inspired.

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5 Ways to Stretch Your SNAP Food Benefits

Tiffany Curtis

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

The Supplemental Nutrition Assistance Program allows families and individuals in need to supplement their grocery budget with funds received via electronic benefits transfer. 

Early in the pandemic, the U.S. Department of Agriculture provided extra emergency allotments for SNAP recipients. However, some states have already phased out those additional payments and they will end nationwide this month. In addition, for people receiving both SNAP and Social Security, January’s cost of living increase in Social Security payments may have reduced their food benefits by raising their income. 

Vince Hall, chief government relations officer for the hunger-relief organization Feeding America, said in an email that ending the extra assistance cuts nearly $3 billion per month in food purchasing power from the economy.

And the populations that often rely on SNAP food benefits, like seniors, people with disabilities and families with children, will have an even harder time covering the cost of their groceries. 

Between sticker shock at the grocery store due to rising prices and those recent changes to SNAP benefits, it’s important for households who rely on SNAP to get the most out of their budget.

grocery business plan in the philippines

5 ways to stretch your SNAP benefits 

Here are some ways to make the most of your food budget during hard times .

1. Buy staple foods in bulk

Stocking up on basic food staples can help you maximize your monthly SNAP food benefits. In addition, many pantry essentials can serve as a base for cost-effective and satiating meals.

“Staple foods like rice, beans and pasta can be affordable and filling, making them a good way to make the most of your SNAP benefits,” certified financial planner Gabriel Lalonde said by email. “Look for deals on these items and consider buying in bulk to save even more money.”

2. Shop at farmers markets

You may be able to double the value of your SNAP food benefits by shopping at your local farmers market through a program called Double Up Food Bucks. Check the program’s website to see if your state is among the more than 25 participating. Double Up Food Bucks lets SNAP recipients purchase more fresh fruit and vegetables by matching the value of their benefits at participating markets and grocery stores.

You may also find that your money goes further at nearby farmers markets .

“Farmers markets can be a great way to stretch your SNAP benefits, as you can often find fresh, local produce at lower prices than you would at a grocery store,” Lalonde said. “Buying in-season produce can also be more affordable and nutritious than buying out-of-season produce that may have been shipped long distances.”

3. Use coupons and discounts

Try cutting some of your grocery costs by taking advantage of coupons. Even if you only save a small amount, it helps.

“Be on the lookout for coupons and discounts, which are often available at many grocery stores, “ Andrew Lokenauth, founder of BeFluentinFinance.com, said by email. “Special deals or loyalty programs can reduce the cost of your groceries. You can even look for coupons online or in your local newspaper.”

The USDA’s MyPlate App offers a tool called Shop Simple that may also help you save. “The Shop Simple with MyPlate tool helps people find savings in their area and discover new ways to prepare budget-friendly foods,” Jairea McClamb, a USDA spokesperson, said in an email.

4. Find out if you qualify for additional assistance programs

If you qualify for SNAP benefits, you may also be able to use additional assistance programs . For example, seniors who meet SNAP requirements can also participate in the Senior Farmers Market Nutrition Program , which allows seniors to receive discounts on local produce, honey and herbs.

The USDA also offers seniors a monthly food box full of nutritious foods through the Commodity Supplemental Food Program.

Even if you aren’t a senior, if you are low-income, you may still qualify for local or federal additional programs that help with food and other essentials, so it’s worth it to do some research. The USDA offers 16 nutrition assistance programs .

McClamb also pointed out The Hunger Hotline, which links people with emergency food providers in their community, as well as government assistance programs and social services. Call 866-3-HUNGRY (866-348-6479).

5. Plan your meals

You can help your SNAP dollars stretch a little more by planning your meals, especially if you focus on including staple foods. 

“By planning your meals ahead of time, you can efficiently allocate your SNAP benefits,” Lokenauth said. “Making a grocery list and buying in bulk can save you money while minimizing food waste and making the most of your ingredients.”

Want meal inspiration using SNAP-eligible foods? The USDA has several recipes on its website that offer meal ideas, including seasonal ones. There’s also a cookbook called “Good and Cheap” by author Leanne Brown, featuring low-cost meals geared toward people receiving SNAP benefits. You can download the cookbook for free online, in either English or Spanish.

“Cooking with seasonal produce is another way to save money while preparing nutritious and budget-friendly meals,” Lokenauth notes.

Resources for other essentials

If you are struggling to cover food costs or other essentials, here are some additional things that might help:

Try calling 211 or searching for resources at 211.org , which can help you connect to assistance programs for food, mental health and more.

Search for local food banks and meal programs in your area. Feeding America helps you find food banks near you that also offer assistance with applying for national food programs.

Use this quick-help tool if you need help paying your bills .

Meteorologist’s Facebook post on grocery dividers sparks wild debate

A Facebook post on grocery dividers by meteorologist Ryan Vaughan from KAIT, a Gray Television...

JONESBORO, Ark. (Gray News) – The divider is divisive. That checks out.

A Facebook post by meteorologist Ryan Vaughan from KAIT , a Gray Television station in Jonesboro, Arkansas, has gone viral, with 20,000-plus reactions and 12,000 comments.

The topic? How to use the dividing bar in the grocery checkout line.

“This started as a goofy conversation between my wife and I at the grocery store,” Vaughan said Friday. “I like to put the divider longways so that my groceries don’t go right up against the people in front of me paying.

“It was a boring weather day, so I posted my opinion on Facebook, and everyone went crazy.”

The chief meteorologist unleashed a high-pressure system of many others’ thoughts and opinions.

“I’m at the store tonight and noticed some of you don’t know how to use the divider,” Vaughan wrote in the post Saturday. “You need to put it long ways to trip the sensor and keep a distance. Some of y’all use it as a privacy fence.”

He added two photos, one with it placed longways and marked “right,” the other horizontally and marked “wrong.” Vaughan added a pair of laughing emojis.

While many commenters were along for the ride, other seemingly serious folks were quite critical.

“I have no clue who you are but you apparently think you’re someone important enough to re-educate people on the way you handle such a menial topic. By the way your right is absolutely wrong,” one wrote.

Some brought COVID, social distancing, politics and the overall quality of meteorology into the discussion.

Others offered alternatives, like standing it on its end or using multiple dividers to make shapes. One guy brings his own.

“I take a 24″ 4x4 with me when I shop and use that, parallel to the belt. Never have a problem, do get some looks though,” he said.

Vaughan has kept the party going for several days with his responses, including a tease on how you may be doing the drive-thru wrong - to be continued?

“It doesn’t take much to fire up the world,” he added in the comments.

Copyright 2023 Gray Media Group, Inc. All rights reserved.

grocery business plan in the philippines

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Kentucky grocery store workers split $50K lottery win from scratch-off they bought during break

Valu market cashiers from louisville, kentucky, played a lottery scratch-off together after purchasing it from their employer.

Jackpot CEO Akshay Khanna reveals how the startup plans to disrupt the $100 billion lottery market on 'The Claman Countdown.'

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A pair of colleagues from Kentucky are splitting a $50,000 prize after winning a scratch-off game together.

Tyesha Trice and Dylan Mitchell, two cashiers who work at a Valu Market grocery store on Bardstown Road in Louisville, purchased Kentucky Lottery scratch-off tickets from their employer during their break, the lottery board shared in a press release issued on Tuesday, Feb. 28.

The duo reportedly won $100 from a $30 ticket and followed through with a $50 500X ticket.

LOTTERY WINS OF 2022: A LOOK BACK AT PEOPLE 'HITTING THE JACKPOT'

"We were excited about the first win," Trice and Mitchell said, in a joint statement. "We even did a little fist bump."

Tyesha Trice and Dylan Mitchell

Tyesha Trice and Dylan Mitchell, two grocery store cashiers who work in Louisville, Kentucky, have split a $50,000 prize they won from a Kentucky Lottery Scratch-Off. (Kentucky Lottery / Fox News)

With their second ticket, Trice and Mitchell first scratched off a $500 winning.

The pair's subsequent scratches totaled $50,000, according to the Kentucky Lottery.

NORTH CAROLINA WOMAN WINS LOTTERY AND GIVES BIRTH ON SAME DAY: 'I'M SO THANKFUL'

Trice told the Kentucky Lottery that she felt like she was "going to pass out" after they scratched off their second spot.

"We were just messing around and decided to play," she said, in a statement.

The Kentucky Lottery hasn’t disclosed the exact date when Trice and Mitchell collected their prize, but the lottery board noted it happened on Mitchell’s birthday.

FLORIDA WOMAN REPORTEDLY LOSES BIG BUCKS AFTER ALLEGED LOTTERY SCAMMER PROMISES HER $90K  

Their giant novelty check says "one lucky day" in the date section, according to a photo released by the Kentucky Lottery.

Trice and Mitchell’s $50,000 win was split between them, and they both received $17,875, after taxes .

The Valu Market location Trice and Mitchell work at will reportedly receive $500 from the Kentucky Lottery for selling the winning ticket.

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American money exchanged by hand

Lottery prizes are usually awarded in a lump sum or an annuity payment. (iStock / iStock)

Mitchell told the Kentucky Lottery he plans to use his winnings to purchase a car and find a new place to live.

"I’ll never forget it," Mitchell said, in a statement. "Definitely a birthday to remember."

Trice told the Kentucky Lottery that she plans to use her winnings to cover rent and savings.

CLICK HERE TO READ MORE ON FOX BUSINESS

Proceeds from the Kentucky Lottery have gone to in-state education grants and scholarship programs. The lottery board reports it has donated more than $4.4 billion to cover educational costs for Kentuckians since 1999.

grocery business plan in the philippines

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COMMENTS

  1. Starting a Small Grocery Store in the Philippines

    In planning your business, you should also know how much capital you have to open the store and whether you can sustain its daily operations, particularly during the first months. A small grocery store could need around Php1-2 million while a larger one could need at least Php5-15 million.

  2. How To Set Up A Grocery Store Philippines

    How To Set Up A Grocery Store In The Philippines? Step 1: Plan Your Business After researching the grocery store industry in the Philippines, you need to create a clear plan. This is highly important to be successful in any business. It can guide you on the specific needs of your grocery.

  3. 32 Best Small Business Ideas in the Philippines for 2023

    Small Business Ideas in the Philippines You Can Start Under 20k Fruit and Vegetable Business Start-up cost: ₱ 5,000 to ₱15,000 Items to invest in: Fruits and vegetables for selling, packaging, weighing scale, business phone If you're looking for small capital business ideas in the Philippines, try selling fruits and vegetables.

  4. List of Food Franchise Businesses in the Philippines 2022

    There are many options for a low-cost franchise business in the Philippines in 2022. The cheapest you can get is a food cart franchise worth ₱20,000. For this amount, you'll get the complete set of equipment, initial products for selling, and crew uniform and training. A food cart franchise for ₱10,000 is harder to find, though.

  5. Grocery Store Business Plan Template (2023)

    Below are links to each section of your grocery store business plan template: 1. Executive Summary 2. Company Overview 3. Industry Analysis 4. Customer Analysis 5. Competitive Analysis 6. Marketing Plan 7. Operations Plan 8. Management Team 9. Financial Plan Next Section: Executive Summary > Grocery Store Business Plan FAQs

  6. How to Start a Frozen Food Business in the Philippines

    Here are some tips to market your frozen food business in the Philippines: Create a dedicated social media page Create a Facebook page for your business where you can post updates or announce new products you're selling in your business. If you have a faithful community, inviting them to a Facebook group is also a good option.

  7. Mini Grocery Store Business Plan [Sample Template for 2022]

    Grocery stores that have less than $2 million in annual revenue sell almost entirely packaged and perishable goods, and are mostly independently owned. Superstores are supermarkets with about 30,000 square feet, averaging $12 million in revenue.

  8. 21 Low-Cost Food Business Ideas in the Philippines

    This is one low-cost food business idea you can do since you'll only need a cart, gas, your pan, fish balls, and sauces to get started. And of course a curbside another vendor hasn't already claimed! Cotton Candy Kiosk Cotton candy is popular with kids in the Philippines.

  9. How To Start A Food Cart Business Philippines

    On average, a franchising food cart business in the Philippines requires a total investment cost of 40-60K pesos and at least 100,000 pesos to open your own food cart business in the Philippines. The total cost needed depends on your sub-niche and the area What Are The Business Requirements For Starting A Food Cart Business In The Philippines?

  10. Grocery Store Business Plan

    Below are links to each section of your grocery store business plan template: 1. Executive Summary 2. Company Overview 3. Industry Analysis 4. Customer Analysis 5. Competitive Analysis 6. Marketing Plan 7. Operations Plan 8. Management Team 9. Financial Plan 10. Appendix Next Section: Executive Summary > Grocery Store Business Plan FAQs

  11. Selling Like Hotcakes: 13 Profitable Food Business Ideas for 2021

    If you're looking to get in to the food industry, here are 13 ideas for products and services you can use to get started: 1. Food truck Food trucks have become an especially popular way to get into the food business. Right now, growth in food trucks is outpacing that of traditional restaurants, and it's not hard to see why.

  12. Best Business Ideas in the Philippines 2022 [Pandemic-Proof]

    Why it's a profitable business: Bread is a Pinoy breakfast and merienda favorite. This lucrative business yields a net profit of ₱700 to ₱2,500+ per sack of flour or ₱2,000 to ₱6,000 daily. A former bus inspector, for instance, earned ₱500,000 in a year (or roughly ₱40,000 monthly) from his pan de sal stores14.

  13. How To Start a Food Business in the Philippines

    No need for lots of paperwork and long lines to the bank! You can get credit at a minimum of Php 1,000, with a maximum of Php 25,000 for repeat borrowers! With a Php 25,000 loan, you can now start your small food business in the Philippines such as: Mini sari-sari store. Ihaw and BBQ stall.

  14. 9 Tips To Starting A Rice Retailing (Bigasan) Business In 2021

    Pick A Good Location. The ideal location should be a place with the right target market in the rice business and has a lot of foot and vehicle traffic. In this case, a great example would be palengkes (wet markets) and groceries where people always buy rice. 5. Invest In Proper Storage For Rice.

  15. 9 Business Ideas Worth ₱100,000 Or Less

    Here are some business ideas that can bring you good profit that requires less than ₱100,000 for the capital: Business Idea 1: Street Food Business. Business Idea 2: Gotohan and Mamihan. Business Idea 3: Videoke Rentals. Business Idea 4: Farming. Business Idea 5: Cellphone Repair. Business Idea 6: Carwash shop. Business Idea 7: Clothing store.

  16. 20 Small Food Business Ideas with Small Capital in the Philippines

    Hamburgers are one of the best small food business ideas! 2. Fried Chicken and Rice. Fried Chicken is a close second to hamburgers as the most popular food item in the Philippines. It is another viable small food business idea. As a business, it also presents an opportunity to make a good profit.

  17. How to Start a Small Food Business in the Philippines

    Financial Study. This will make or break your plan to start a small food business in the Philippines. The financial study will determine how much capital you will need to set up and maintain your business for at least six months. 5. Build a Business Plan. The project study will be the basis for your Business Plan.

  18. Food retail industry in the Philippines

    Premium Statistic Traditional food and beverage retail total sales value Philippines 2016-2021 Premium Statistic Convenience stores total sales Philippines 2016-2021

  19. How to Start an Online Grocery Delivery Business Philippines

    To get successful in starting and operating an online grocery business, you need to focus on the following factors: Selecting and enhancing (if required) grocery business model. Creating a roadmap to transform the business model into an agile, efficient and a precise operating model. Determining the target market. Segregating the delivery regions.

  20. Business Plan: Mini Fast Food Restaurant

    Business Plan: Mini Fast Food Restaurant Address: [Terminal 1 Phone no.: [ [email protected] [ +63 2 877 7888 ] l.com ] & 3 Andrews Ave, [www.SooPinoyFoods.c Pasay, 1300 Metro om ] Manila, fBusiness Summary "Pinoy"fast food restaurant believe in its unique delivery of service as its policy is "Customer is king".

  21. How to Write a Food Truck Business Plan

    The street food industry experienced 7.5% growth, on average, for each year between 2015 and 2020, with an overall valuation of more than a billion dollars in the US alone.It's time to find out how to start a business that makes mouths water! The first step is writing that business plan! For those with aspirations of culinary greatness, a food truck is the perfect setting to develop new ...

  22. 5 Ways to Stretch Your SNAP Food Benefits

    Call 866-3-HUNGRY (866-348-6479). 5. Plan your meals. You can help your SNAP dollars stretch a little more by planning your meals, especially if you focus on including staple foods. "By planning ...

  23. Meteorologist's Facebook post on grocery dividers sparks wild debate

    A Facebook post on grocery dividers by meteorologist Ryan Vaughan from KAIT, a Gray Television station in Jonesboro, Arkansas, has gone viral, with 20,000-plus reactions and 12,000 comments.

  24. Kentucky grocery store workers split $50K lottery win from scratch-off

    A pair of grocery store workers from Louisville, Kentucky, split a $50,000 scratch-off lottery prize that they won during a work break, according to the Kentucky Lottery. Fox Business Personal Finance