💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program 🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy
The music was louder than your voice and not sure why you needed it when your content was interesting already? Thanks for taking you time posting this and interesting to know 😁
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is a mobile app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via a mobile app
My idea would be to have a regular standard menu but with a monthly planner where customers can sign or choose which specialty item to be made for each next month maybe ? 3 choice items and mosted item would be chosen to be the specialty item only available for that corresponding month until the upcoming month after :)
🤔I Wish you would lower or completely loose the background music so I can hear you better. It is just me wanted to give you undivided attention 😊 take it easy! Thank you! We love your vedios very informative!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Since the pandemic, I'd say it's the pizza shops that are the only segment of the industry that hasn't been hit and is actually benefitting from the shift. They already had delivery and takeout is common with pizza. They didn't have to pivot too much. When I work with restaurant owners, I teach them how to use systems to carve out a 15-20% profit margin. It takes discipline to follow the systems and make sure the systems are followed by management. This helps tremendously when terrible economic conditions and crises occur.
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Great video. Finally somebody approaching F&B from a business perspective, managing costs, understanding margins, volume, etc. The Bubble Tea one was new to me, but we knew the others fairly well. Pizza is so heavily saturated these days, hard to compete where we live.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Im 14 and own a ice cream truck in Montana and know you inspired me to to sell bubble tea. But I don’t know as the same business or different. I would love to hear your feedback on if I should sell it on my truck or a separate business!
wow! props to you for joining the club so young! selling BBt isn't necessary the same business as selling ice cream, but is a great add on. you will need to educate your customers and let them know you have this as well. aim to have your BBt line's revenue exceed your IC revenue. This way, you are more diverse and can even start doing catering and such. hope this helps!
Very good work! Keep up the focus and commitment to build your future without distraction from PEER group etc. God WILL bless & prosper the labour of YOUR HANDS in Jesus mighty name. Amen!
Please mention about the lease, what about the business is not doing well, how to cancel the lease, this would be useful for new learners/students. thank you.
Thanks for the suggestion! Actually filmed one recently about business lease and what to look for in lease agreements. Sadly didn't cover the scenario when the business isn't doing well or cancellations. Maybe a good follow up video with those topics!
Hahaha thanks for the kind words! Just sharing my experience, thoughts, and the interesting updates I find on the net. Basically a channel on things I wish I had available when I started years ago. If you're interested, I made an updated 2021 version of this video. You can find it on my recent videos!
what about bars/clubs they also have high demand and high turnover from what i learned in my workplace a bottle of beer cost 1 to 3 dollars and we can sell up to 9
I have worked in restaurant industry for 10 years, It's a high profit margin but it's noway near 35% compare to bbtea or ice cream . It show a high ticket sales for sure but the return is nowhere near. In addition, high rent and supply will hold your return profit ( specially during Covid time). GOOD LUCK TO ALL OF FOOD INDUSTRY BUSINESS AND WORKERS OUT THERE
Have you guys noticed that : eating out is very difficult and expensive. in an area, typically, you might find a pizzeria, you might sometimes find a restaurant in which meals are quite expensive, and that's it. Here you barely have : very few foods, and they are expensive You can eat almost nothing, Do you guys see ? This model is very inefficient Eating out is nearly impossible Something is definitely missing it is : a restaurant where food keeps changing, food changes every day Chefs also rotate A meal will be cheap You get new foods every day. After a period of time : you will have eaten thousands of foods Do you see the difference now ? This model is way better Eating out will finally become possible
@@Zo-hc2fn what are you talking about?? typically meals are cheap in singapore even in food courts u can find 3 dollar chicken rice also in singapore almost every mrt sells 2.20 chicken rice or nasi lemak. and now the japanese restaurant takagi ramen even sells cheap rice bowls and is open 24/7 idk about ur country maybe ur Eurasian but in Asian countries we have alot of places that sell affordable food
@@nattygymbro4692 I live in Europe, I went to several places during my life and I noticed that eating out is very difficult and expensive, like I said, you go to an area and you find very few foods that are expensive
Have you guys noticed that : eating out is very difficult and expensive. in an area, typically, you might find a pizzeria, you might sometimes find a restaurant in which meals are quite expensive, and that's it. Here you barely have : very few foods, and they are expensive You can eat almost nothing, Do you guys see ? This model is very inefficient Eating out is nearly impossible Something is definitely missing it is : a restaurant where food keeps changing, food changes every day Chefs also rotate A meal will be cheap You get new foods every day. After a period of time : you will have eaten thousands of foods Do you see the difference now ? This model is way better Eating out will finally become possible
what do you guys think about opening a small burrito bar as my first investment? friends love my burritos, I've found a nice, cheap place to rent (its near a gym, and Im targeting fitness people, because its healthy food, with rice, vegetables etc - alot of protein and vitamins). Waiting for your opinions 🤔.
as long as burrito is a staple food item in your area, i think its not bad. you should survey the gym people and see whether they are actually looking for burritos after a gym session. my assumption is that they will want to head home or they meal prep. know your audience's needs and give them what they need/want in their current state of mind.
Thanks for your content. Nice one. Just wanted to know if possible "Low cost mass scale meal production and supply ---is it profitable?... The place is not visible, onetime cooking and multiple serving and all the units are a grab n go... major are pre orders. If no, then why? "
Stumbled on this just made the commitment yesterday to start my business. Ive been in the industry all my life but Covid has made me look at things a bit differently. Thank you for the guidance. Solid channel you have here.
same here..i escaped the corporate life a year ago. been planning to start my own food business.. i was thinking of a burger joint but this video made me rethink what to do..thanks!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
I’m definitely slowly starting out a business plan to sell wood fired pizza straight from home. Raise enough capital in the meantime to open up a physical location which has a decent amount of tables for dine in.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
@@Zo-hc2fn well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services and I can help you up with the Idea you have, I can help provide an app like that
Hi! I'm a student here in the Philippines and I just watched your video because we have a project in a subject 'Entrepreneurship', and we'll make a business plan. Can I ask you some questions? I have come up with the idea of having a food truck because I think it's better than having a restaurant, less hassle and can go to any places. Me and my partner haven't decided yet on what food should we sell. Ice cream was our first option but I don't know what other types of food should we add to make the business always attracts the people. Should we just make the ice cream to have unique flavours and make it the only food to sell, or add other food like sandwiches, drinks etc.? By the way it's our project and it'll be a big help for me and my partner if you've given us your opinion and answer. Thank you! *sorry for my wrong grammar though
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
luckily i watched this video or your channel in generall before I open my own business in Germany. Hope to see you somehow in the future. Cheerrrrrsssss!!! 🎉🎉🎉
do you like this idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app, I also made this infographic to give more details : ibb.co/DVrFvtn
Vending massage chair is very profitable and low entry costs and have the ability to scale over time. The average cost of one vending machine is $1000 to $2500, which means that two would cost you as much as $5000.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Please what of corndog and chicken and waffle cone restaurant, it's been in my mind for a while and I just rounded up school...do you think it will work (might introduce bubble tea also but want to start with these two first). Eagerly Awaiting your response...
Great video! Can you recommend something for me? I have a 13000 square ft lot on major highway at major intersection, lies in TIF zone and high high volume of traffic. Easy on/off highway, already zoned business. 200+ frontage road. Lot Is a bit irregular in that it is more long than deep. Besides a gas station , which others near by already building any ideas to capture high traffic
@@gabe1431 I had handle a small business but large space I sell shoes and slippers when I take gap year and what I learn it is what you say, business has allot challenges everyday.
@@gabe1431 I gave it back to my mom because I want to focus on my study now, because I want to be part of business, I mean hoping going abroad and apply the business. How about you?
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
First timer! Love your simplified way of presenting in a calm,confident fun WAY! Subcribed at once!! Look forward to hearing more interesting topics. Thank you so much!!!
Also you should talk about exotic profitable food business ideas for 2019 (like Mexican food, Greek food, Chinese food, Korean food, French food, etc.).
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Hey Wilson, Love the videos! $200,000 a month during peak seasons for Boba seems extremely high, that's roughly over 1,300 daily cups at $5 a cup. Is that feasible in your experience?
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
This year will be my last year of high school. After that, I plan on opening a small food shop that will sell food packs for students of all ages. Not a restaurant, not a bakery, not a pizza shop, not a cafe. But a small shop that make them all in small quantities and sell them as packs for school meals. Like, for $X.XX u can get a small burger and a coffee, or a sandwich and a pancake. What do you think about it?
i think its great to start lean so you understand the industry more. also allows you know your customer avatar a lot more. once you have gain some confidence, you can go big. email me if you need any resources. wilson@720sweets.com
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Hi there, I just opened a new Restaurant (East Indian Restaurant) few weeks ago. Would you please help me how should I engage traffic to the restaurant. I live in Canada. Please help me out.
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is a mobile app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via a mobile app
This video is informative because you included the pros & cons and the Cost of Goods Sold (COGS). Thanks for doing excellent research for this valuable content! Kudos to that, Wilson 🙌
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Lol I watched this video out of pure curiosity, as I’ve been thinking about expanding my business. I currently sell pizza, pasta, ice cream, and bubble tea 😂😂😂 I’m also in a seasonal, tourism-based location, so honestly this video couldn’t be more spot-on!
Thanks so much for the video. I am thinking about noodles restaurant. May i ask if there is a training place in USA? I know there are a lot in Japan. Thanks again.
what kind of training place are you referring to? If you are brand new in the industry and want to learn the trade, i do recommend going with a franchise. on the other hand, if you are willing to learn and hustle, trying it out on your own works as well. email me and i will send you some resources applicable to you. wilson@720sweets.com
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is a mobile app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via a mobile app
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Wilson K Lee there is absolutely no big chain. Finnish people- or the Nordic/Scandinavian people don’t drink tea with a lot of milk. And chewing while drinking is weird for most of them. There were few independent store opened in the center/shopping mall but all closed. There’s just one truck still open in 3 summer months and 3-4 asian cafes have it on the menu and very basic.
Thanks for the info! Quick tip though, dive in a bit sooner. You talk for like 2 minutes before actually diving in. Still appreciate your effort, its good to know what is currently popular in F and B. :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Wilson K Lee yeah well , im a srilankan so living in ausi , i was planing to do some srilankan street food ( bit spyce n savor) in my food truck . What do you think about mu idea? 😊
@@vimzproduction927 Im more familiar with North American/Chinese culture. Not too familiar with sirlankan food culture. try going on IG for some insights in your demographic.
Awww man I really thought you were going to say mexican food, burger joint, steakhouse, and fried chicken restaurants were very profitable all because of how good and delicious they are. 😥😢😭
hahahhaa totally down my alley. they are just higher in COGs and definitely need to niche down as there are so many great burgers/steaks/fried chicken out there...
don't have too much experience with bars. if you are looking at just alcohol, the margins are substantially higher of course. however, its tough to get a crowd to come for drinks on a regular basis. you need to mix in other lower margin items and such. thats why f&b love serving drinks as its what makes them more profitable.
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
How about thai food cafe? In city like LA, on every block. In my city, only 5 thai restaurants in entire city. However I have yet to find someone who doesnt like these places. Also, only one bubble tea place which has me traveling 25 min per week to get there. Bubble tea so delicious! Ps my wife and family thai.
You mention bubble tea shop being low investment start-up but can you tell me what is average cost for it? the information I found is telling me its not so low investment. P.S. can you advice if opening bubble tea shop in the city where there is literally zero boba shops a good idea? is it good or bad to have no competition?
There are a lot of different factors in can bring up or down that number you're asking for. ie. location, build-out, franchise or not, country, etc. But including operating costs it could be ~$150K CAD all-in. It could be 1/2 of that depending on where you are and all those other factors though. I wouldn't recommend opening a bubble tea shop in a place that isn't receptive to the drink. There being zero shops could be a telling story. You want to make sure there is actual demand from the market. IF there is demand and people are receptive to it, it may be a good opportunity to fill that need. But tread cautiously and rreally really do research first...
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app, I made this infographic to give more details : ibb.co/TkF9nHs
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I have a ramen and sushi restaurant. We use to just do sushi but we redid our menu and added ramen. Ramen is great easy to teach our employee therefore like sushi we don’t need a skilled chef. Our business grew double and I rather do ramen then sushi. For my next business i rather do just Ramen
that is amazing! exactly what I talk about in my Winning Menu matrix! would love to shoot an interview with you talking about your experience with this! email me! wilson@720sweets.com
CJCashMoneyIMVU We are a sushi and ramen shop we earn gross profit 780,000 last year. Our 1st year was less 660,000. Open 6 days a week and closed on holidays.
Was watching this cause I wanna know the different types of restaurants/f&b offerings. I’m trying to do a business plan for my fruit shop (offers fresh fruit, parfaits, fruit salads etc) but I’m not so sure about the profitability on a larger scale. I usually do it from home and there seems to be a demand for fruits on the go. What do you think
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Hi awesome video. I appreciate the time and effort that was put towards research. Also like how the focus of the video is about CoGS, especially as a person who is interested in this industry. How would you rate a dairy free mousse dessert bar or a dairy free dessert bar?
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate. this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I have an idea : it's a new type of restaurant : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is a mobile app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via a mobile app
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Pizza shop? Not anymore it really depends on the part of the world you live. Were I live in Pennsylvania everyone has pizza not just pizza places. Maybe you should be more specific.
pizza in general does really well because of the high margins. however, you are also very correct about the supply. this vid is about the most profitable items, which is evident with the number of places offering it. :)
@@WilsonKLee I used to deliver for a pizza delivery service in Pennsylvania seems like it was doing well until economy in 2008. Seems like marketing changed alot since the early 2000s. We used to hand out menus and get so much business but the last time we tried it was useless. They are very old school and don't understand that when they opened in 1965 business was so much different and simple.
@@davidlopez-rl4sh totally! you are def spot on about the marketing aspect. the business is still booooming like crazy, just the method of delivery is different. check out pizzaioki, a pizza chain developed by steve aioki combining food delivery services + pizza. Killing it!
Hi Wilson... I'd like to thank you and express my admiration for your brilliant and consistent interactions with questions, your prompt responses, and your great feedback. All my respect where I doff my hat.
That’s the trouble here. They’ll price themselves out of the market. Someone has a good idea, then everybody wants to do it. They should do something that compliment the trade
I have an idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is a mobile app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via a mobile app
umm, i don't know too much about bakery/pastry. I tried it before but didn't really like it, because you've got to be up at like 3am and start baking to be ready for the morning rush. very different to find help during these hours. having said that, i know of a few bakeries that are super successful as well. Coffee shop needs to come with staple food items and you need volume for the business model to work.
its great margins, given high volume. fast and easy to make, requires little to no talent. really depends on location and whether the culture sees this as a staple item. where are you located?
HI Lee, Thank you for the advise. I live in dublin ireland. neither dumpling from chinese restraunt nor frozen dumpling from asian market are good here. So i want open a healthy fresh dumpling takeaway, see how far i can go? Any suggestion?
@@leeshomecooking7265 not too familar with ireland culture. email me and i will send you some resources to do some market research. wilson@720sweets.com
do you like this idea : it's a new type of restaurants : eating-spots, in an eating-spot, food keeps changing, chefs also rotate, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the customers via an app, I also made this infographic to give more details : ibb.co/DVrFvtn
![ROSÉ (로제) - number one girl [더 시즌즈-이영지의 레인보우] | KBS 241129 방송](http://i.ytimg.com/vi/A9oByH9Ci24/mqdefault.jpg)
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0p0p0pp
First step in business:Listen and take note's.
🙏🙏
Then take action! best of luck and stay safe out there!
The music was louder than your voice and not sure why you needed it when your content was interesting already? Thanks for taking you time posting this and interesting to know 😁
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via a mobile app
thats innovative! not sure if its feasible though.
My idea would be to have a regular standard menu but with a monthly planner where customers can sign or choose which specialty item to be made for each next month maybe ? 3
choice items and mosted item would be chosen to be the specialty item only available for that corresponding month until the upcoming month after :)
🤔I Wish you would lower or completely loose the background music so I can hear you better. It is just me wanted to give you undivided attention 😊 take it easy! Thank you! We love your vedios very informative!
Thanks for the tip! new vids don't have music. :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
U can use AI to remove de music
Since the pandemic, I'd say it's the pizza shops that are the only segment of the industry that hasn't been hit and is actually benefitting from the shift. They already had delivery and takeout is common with pizza. They didn't have to pivot too much. When I work with restaurant owners, I teach them how to use systems to carve out a 15-20% profit margin. It takes discipline to follow the systems and make sure the systems are followed by management. This helps tremendously when terrible economic conditions and crises occur.
spot on david!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Great video. Finally somebody approaching F&B from a business perspective, managing costs, understanding margins, volume, etc. The Bubble Tea one was new to me, but we knew the others fairly well. Pizza is so heavily saturated these days, hard to compete where we live.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
I like that you focused on CoGS. This was more informative than I thought it would be. Great research, good video.
thanks for the kind words! what other vids would you like to see?
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
i really like the way you talk about the topic. Calm voice and thorough idea are the best combo 🤓
thank youuu! :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Im 14 and own a ice cream truck in Montana and know you inspired me to to sell bubble tea. But I don’t know as the same business or different. I would love to hear your feedback on if I should sell it on my truck or a separate business!
wow! props to you for joining the club so young! selling BBt isn't necessary the same business as selling ice cream, but is a great add on. you will need to educate your customers and let them know you have this as well. aim to have your BBt line's revenue exceed your IC revenue. This way, you are more diverse and can even start doing catering and such. hope this helps!
Ok thank you very much!
Very good work!
Keep up the focus and commitment to build your future without distraction from PEER group etc.
God WILL bless & prosper the labour of YOUR HANDS in Jesus mighty name. Amen!
Please mention about the lease, what about the business is not doing well, how to cancel the lease, this would be useful for new learners/students. thank you.
Thanks for the suggestion! Actually filmed one recently about business lease and what to look for in lease agreements. Sadly didn't cover the scenario when the business isn't doing well or cancellations. Maybe a good follow up video with those topics!
@@WilsonKLee Thank you very much. This is my very first time to received a reply via utube. I now know next time where to look : )
Wait, someone on RUclips giving actually useful content for free!? 😵
Thanks for this
Hahaha thanks for the kind words! Just sharing my experience, thoughts, and the interesting updates I find on the net. Basically a channel on things I wish I had available when I started years ago. If you're interested, I made an updated 2021 version of this video. You can find it on my recent videos!
what about bars/clubs
they also have high demand and high turnover from what i learned in my workplace a bottle of beer cost 1 to 3 dollars and we can sell up to 9
incredibly high taxes. it is hard to maintain cuz drunk people always broke things. If u get to hang of it it is crazy profitable
I have worked in restaurant industry for 10 years, It's a high profit margin but it's noway near 35% compare to bbtea or ice cream . It show a high ticket sales for sure but the return is nowhere near. In addition, high rent and supply will hold your return profit ( specially during Covid time).
GOOD LUCK TO ALL OF FOOD INDUSTRY BUSINESS AND WORKERS OUT THERE
Have you guys noticed that :
eating out is very difficult and expensive.
in an area, typically,
you might find a pizzeria,
you might sometimes find a restaurant in which meals are quite expensive,
and that's it.
Here you barely have : very few foods, and they are expensive
You can eat almost nothing,
Do you guys see ?
This model is very inefficient
Eating out is nearly impossible
Something is definitely missing
it is : a restaurant where food keeps changing, food changes every day
Chefs also rotate
A meal will be cheap
You get new foods every day. After a period of time : you will have eaten thousands of foods
Do you see the difference now ?
This model is way better
Eating out will finally become possible
@@Zo-hc2fn what are you talking about?? typically meals are cheap in singapore even in food courts u can find 3 dollar chicken rice also in singapore almost every mrt sells 2.20 chicken rice or nasi lemak.
and now the japanese restaurant takagi ramen even sells cheap rice bowls and is open 24/7 idk about ur country maybe ur Eurasian but in Asian countries we have alot of places that sell affordable food
@@nattygymbro4692 I live in Europe, I went to several places during my life and I noticed that eating out is very difficult and expensive,
like I said, you go to an area and you find very few foods that are expensive
Have you guys noticed that :
eating out is very difficult and expensive.
in an area, typically,
you might find a pizzeria,
you might sometimes find a restaurant in which meals are quite expensive,
and that's it.
Here you barely have : very few foods, and they are expensive
You can eat almost nothing,
Do you guys see ?
This model is very inefficient
Eating out is nearly impossible
Something is definitely missing
it is : a restaurant where food keeps changing, food changes every day
Chefs also rotate
A meal will be cheap
You get new foods every day. After a period of time : you will have eaten thousands of foods
Do you see the difference now ?
This model is way better
Eating out will finally become possible
what do you guys think about opening a small burrito bar as my first investment? friends love my burritos, I've found a nice, cheap place to rent (its near a gym, and Im targeting fitness people, because its healthy food, with rice, vegetables etc - alot of protein and vitamins). Waiting for your opinions 🤔.
as long as burrito is a staple food item in your area, i think its not bad. you should survey the gym people and see whether they are actually looking for burritos after a gym session. my assumption is that they will want to head home or they meal prep. know your audience's needs and give them what they need/want in their current state of mind.
@@WilsonKLee thank you for your wise advice!
Thanks for your content. Nice one. Just wanted to know if possible "Low cost mass scale meal production and supply ---is it profitable?... The place is not visible, onetime cooking and multiple serving and all the units are a grab n go... major are pre orders. If no, then why? "
could be profitable due to buying ingredients in bulk and having the economy of scale.
Stumbled on this just made the commitment yesterday to start my business. Ive been in the industry all my life but Covid has made me look at things a bit differently. Thank you for the guidance. Solid channel you have here.
Fantastic! our free masterclass coming up on november! make sure to sign up!
same here..i escaped the corporate life a year ago. been planning to start my own food business.. i was thinking of a burger joint but this video made me rethink what to do..thanks!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
I’m definitely slowly starting out a business plan to sell wood fired pizza straight from home. Raise enough capital in the meantime to open up a physical location which has a decent amount of tables for dine in.
Hello I just want to know have you started yet
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
@@Zo-hc2fn well one of the most effective ways to engage,and boost your sales is creating website and an app to brand your business and am an expert I can help you with this services and I can help you up with the Idea you have, I can help provide an app like that
What does the owl have to do with anything?? 😂😂😂
Hi! I'm a student here in the Philippines and I just watched your video because we have a project in a subject 'Entrepreneurship', and we'll make a business plan. Can I ask you some questions? I have come up with the idea of having a food truck because I think it's better than having a restaurant, less hassle and can go to any places. Me and my partner haven't decided yet on what food should we sell. Ice cream was our first option but I don't know what other types of food should we add to make the business always attracts the people. Should we just make the ice cream to have unique flavours and make it the only food to sell, or add other food like sandwiches, drinks etc.? By the way it's our project and it'll be a big help for me and my partner if you've given us your opinion and answer. Thank you! *sorry for my wrong grammar though
hey mida! best to email me your questions :) wilson@720sweets.com
Hi
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
luckily i watched this video or your channel in generall before I open my own business in Germany. Hope to see you somehow in the future. Cheerrrrrsssss!!! 🎉🎉🎉
Glad this was helpful Athena!
do you like this idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the customers via an app,
I also made this infographic to give more details : ibb.co/DVrFvtn
Love these videos keep them coming !!! My brain is growing every day !! 🎉🎉
Thanks! :)
Ur brain is still growing?? Better consult an doctor....or else u will end up alien👽 , carrying ton brain
Ganeshgouda Patil I didn't mean it literally 🙄🙄🙄🙄🙄
Never stop making videos bro! Thank you
More to come Sergio!
Vending massage chair is very profitable and low entry costs and have the ability to scale over time. The average cost of one vending machine is $1000 to $2500, which means that two would cost you as much as $5000.
Thoughts on "snack" buisness? Something that you make and then put in supermarkets or gas stations i.e. beef jerky
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Please what of corndog and chicken and waffle cone restaurant, it's been in my mind for a while and I just rounded up school...do you think it will work (might introduce bubble tea also but want to start with these two first). Eagerly Awaiting your response...
sounds delicious! for the right demographic, this will be a killer suite of menu. the trick is to find the right demo and place it there.
Great video! Can you recommend something for me? I have a 13000 square ft lot on major highway at major intersection, lies in TIF zone and high high volume of traffic. Easy on/off highway, already zoned business. 200+ frontage road. Lot Is a bit irregular in that it is more long than deep. Besides a gas station , which others near by already building any ideas to capture high traffic
coffee, quick bites, washroom break. make it easy for those who drove for 4 hours, tired, exhausted, hungry to come and consume and refuel at yours.
Would you rent a spot for someone who has a business idea?
This is my first video I watched about food businesses, I need to have ideas because I'm a second year food technology student. So thank you
Kian Salcedo yea you would need to know a shit ton of things to open a business and to keep it.
@@gabe1431 I had handle a small business but large space I sell shoes and slippers when I take gap year and what I learn it is what you say, business has allot challenges everyday.
Kian Salcedo that’s good man! How’s it going for you ?
@@gabe1431 I gave it back to my mom because I want to focus on my study now, because I want to be part of business, I mean hoping going abroad and apply the business. How about you?
Kian Salcedo oh ok currently I do t own a business yet. I’m getting into business management so hopefully open a store when I finish college
Great material! Could you do a video on how much the mainstream restaurants and food chains make?
What do you consider as a mainstream restaurant?
@@WilsonKLee maybe a few chains like mcdonalds, Ihop, and panera bread.
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
Glad I found this, very useful and informative
what do you think about a breakfast place?
First timer!
Love your simplified way of presenting in a calm,confident fun WAY! Subcribed at once!!
Look forward to hearing more interesting topics.
Thank you so much!!!
Thanks for the support! :) let me know if there are any specific topics you'd like me to cover! 😀
Thank you very much for the IDEAS
new sub here
that was great and very informative! maybe you could make a 2021 version? we could see what changed in those two years
Yes i have a 2021 version on my channel :)
Also you should talk about exotic profitable food business ideas for 2019 (like Mexican food, Greek food, Chinese food, Korean food, French food, etc.).
that is such an amazing idea! :) you should def tune in my next video...
@@WilsonKLee thanks man. I just thought of it a few hours ago lol!! 😂🤣🤣😂
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
what do u think a out food carts? insights please. tnx!
toughy during this environment. unless you use it as a multichannel purpose distribution
Hi Lee, what do you think about the prospect of healthy F&B business such as Fruit Smoothie and Smoothie Bowl? Is it scalable and high profit margin?
Have you done your research of the shops in your area?
Hey Wilson,
Love the videos! $200,000 a month during peak seasons for Boba seems extremely high, that's roughly over 1,300 daily cups at $5 a cup. Is that feasible in your experience?
I can see that being possible. At some places they are so jam packed with customers and people ordering 4 to 6 drinks at a time.
to put into perspective - KFC New Lynn in Auckland, NZ sells 500 buckets during dinner/peak - they make over 20k gross in that time, that is per day
My boba trailer at busy festivals makes $600/hour. Sales that is.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
This year will be my last year of high school. After that, I plan on opening a small food shop that will sell food packs for students of all ages. Not a restaurant, not a bakery, not a pizza shop, not a cafe. But a small shop that make them all in small quantities and sell them as packs for school meals. Like, for $X.XX u can get a small burger and a coffee, or a sandwich and a pancake. What do you think about it?
i think its great to start lean so you understand the industry more. also allows you know your customer avatar a lot more. once you have gain some confidence, you can go big. email me if you need any resources. wilson@720sweets.com
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Hello Wilson how successful is a food deli business? I’m looking into starting a food and beverage business.
always a demand for food deli at the right location. volume game though.
Very informative video.thanks for sharing
Glad it was helpful!
Would Bubble Tea and a Salad Shop be a good combo for a start up idea?
Yes you can really start with that and of your are in need of website design and development I am an expert writing to you
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Hi there,
I just opened a new Restaurant (East Indian Restaurant) few weeks ago. Would you please help me how should I engage traffic to the restaurant. I live in Canada. Please help me out.
sure thing. email me wilson@720sweets.com
Wilson K Lee I use different email. I sent an email on 4321..... please help me
I just sent an email please help me
Hey man, great video!
Can you make a video explaining how to choose a perfect location?
Love from India ❤
Great suggestion!
already have it on my channel! :)
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via a mobile app
This video is informative because you included the pros & cons and the Cost of Goods Sold (COGS). Thanks for doing excellent research for this valuable content! Kudos to that, Wilson 🙌
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
@@Zo-hc2fn That sounds like a cool concept
@@cateringcoachal thanks, you are free and welcome to use it
Thanks for the info, Wilson.
Thanks for the tip it is so helpful
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Lol I watched this video out of pure curiosity, as I’ve been thinking about expanding my business. I currently sell pizza, pasta, ice cream, and bubble tea 😂😂😂
I’m also in a seasonal, tourism-based location, so honestly this video couldn’t be more spot-on!
thats awesome!!!! :)
Thanks so much for the video. I am thinking about noodles restaurant. May i ask if there is a training place in USA? I know there are a lot in Japan. Thanks again.
what kind of training place are you referring to? If you are brand new in the industry and want to learn the trade, i do recommend going with a franchise. on the other hand, if you are willing to learn and hustle, trying it out on your own works as well. email me and i will send you some resources applicable to you. wilson@720sweets.com
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via a mobile app
What f&b business works in Vancouver now in pandemic time?
chicken wings
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Video starts 2:23
I live in Australia where I’ve never heard of bubble tea do you think it would work in a small town? I’m talking only like 10,000 people
ummm i would go with something that has higher demand. you want to ride a wave, much easier to get to shore.
I live in the capital of Finland and every bubble tea shop has opened all went bankrupt...
@@ngocphuongnguyen187 interesting! I don't know the market over there. Were they all the big chains? What's the awareness of bubble tea over there?
Wilson K Lee there is absolutely no big chain. Finnish people- or the Nordic/Scandinavian people don’t drink tea with a lot of milk. And chewing while drinking is weird for most of them. There were few independent store opened in the center/shopping mall but all closed. There’s just one truck still open in 3 summer months and 3-4 asian cafes have it on the menu and very basic.
Bubble tea is good only in Asian community.
Thanks for the info! Quick tip though, dive in a bit sooner. You talk for like 2 minutes before actually diving in. Still appreciate your effort, its good to know what is currently popular in F and B. :)
+Alison Ellerbeck thanks so much for taking the time for the feedback! Appreciate it and will def work on that for the next ones!
What would be some of the criteria’s someone should look for to start a bubble tea shop?
Take a look at my updated 2021 video on this :)
Subscribed! Also you state that certain business like the pizza shop have a high investment rate, why is that?
higher investment rate because you need the stove and rennovation and licensing and such as opposed to something like a cafe.
Thanks for the video!!
I got a question...any idea how to move a tuk tuk on a highway? On a platform or??
Pls any advice
No idea - not my line of work
I ran a test trial with ice cream and decided to go all in the ice cream business and it seems 40-45% of the price of each item will be profit :)
45% even after rent, taxes, labor?
@@kevincollins2850 cloud kitchen
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Well.said wilson...thanks for sharing these ideas...
Thanks for watching!
Hi Wilson, Thanks for this video. A quick question what are the margins in a coffee business please?
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
What do you think about best food vusiness for food truck ? 👍👍
something quick and simple to make. items like tacos are great because that are easy to eat with the hands and quick turnover. :)
Wilson K Lee yeah well , im a srilankan so living in ausi , i was planing to do some srilankan street food ( bit spyce n savor) in my food truck . What do you think about mu idea? 😊
@@vimzproduction927 Im more familiar with North American/Chinese culture. Not too familiar with sirlankan food culture. try going on IG for some insights in your demographic.
Thanks for the vid. The bgm is louder than your voice tho. :)
Thanks for the great video!!! i never own any f&b startup but very interested to do so. How you rate an ice dessert shop(korean bingsu) business?
bingsu business is amazing in terms of margins and production as its requires low level skill.
Awww man I really thought you were going to say mexican food, burger joint, steakhouse, and fried chicken restaurants were very profitable all because of how good and delicious they are. 😥😢😭
hahahhaa totally down my alley. they are just higher in COGs and definitely need to niche down as there are so many great burgers/steaks/fried chicken out there...
Bro taco's has got to be in!! and I run a pizza joint 🤙
Watching from Namibia
SA here 🇿🇦
From 🇳🇦 too
What about cocktails and bars? It's F&B and does more margin than 20-30%
don't have too much experience with bars. if you are looking at just alcohol, the margins are substantially higher of course. however, its tough to get a crowd to come for drinks on a regular basis. you need to mix in other lower margin items and such. thats why f&b love serving drinks as its what makes them more profitable.
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Hi, is this report and research base on vancouver?
Pasta and Pizza is in One menu i think but in the Philippines is INASAL is the final number as the most food ideas this generation ☺️
yup! depending on your location, the food selection would be a bit different. cultural difference plays a big part.
Maybe for bisaya people only
There are no bubble tea shops in my downtown area. Thank you!
Good explanation ✨
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
How about thai food cafe? In city like LA, on every block. In my city, only 5 thai restaurants in entire city. However I have yet to find someone who doesnt like these places. Also, only one bubble tea place which has me traveling 25 min per week to get there. Bubble tea so delicious!
Ps my wife and family thai.
If there is interest & demand in your city, then definitely a good option to consider. You could always add bubble tea to it as well.
You mention bubble tea shop being low investment start-up but can you tell me what is average cost for it? the information I found is telling me its not so low investment.
P.S. can you advice if opening bubble tea shop in the city where there is literally zero boba shops a good idea? is it good or bad to have no competition?
There are a lot of different factors in can bring up or down that number you're asking for. ie. location, build-out, franchise or not, country, etc. But including operating costs it could be ~$150K CAD all-in. It could be 1/2 of that depending on where you are and all those other factors though.
I wouldn't recommend opening a bubble tea shop in a place that isn't receptive to the drink. There being zero shops could be a telling story. You want to make sure there is actual demand from the market. IF there is demand and people are receptive to it, it may be a good opportunity to fill that need. But tread cautiously and rreally really do research first...
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app,
I made this infographic to give more details : ibb.co/TkF9nHs
a good informative video.thanks mate.by the way,any tips for foos business starts-up which focus on brand expansion?
Can you share more info?
Can you make a video about restaurant vs food trucks which one is better please thanks
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
9 bubble tea shops within 2 blocks of me.
I have a ramen and sushi restaurant. We use to just do sushi but we redid our menu and added ramen. Ramen is great easy to teach our employee therefore like sushi we don’t need a skilled chef. Our business grew double and I rather do ramen then sushi. For my next business i rather do just Ramen
that is amazing! exactly what I talk about in my Winning Menu matrix! would love to shoot an interview with you talking about your experience with this! email me! wilson@720sweets.com
Wilson K Lee I would love to talk to you. I will email you soon.
Wat is this business
CJCashMoneyIMVU We are a sushi and ramen shop we earn gross profit 780,000 last year. Our 1st year was less 660,000. Open 6 days a week and closed on holidays.
What you think of a fried wing with side sauces make it only app ordering and website ordering and curbside pickup only ?
great idea if you can locate the right demographic.
Was watching this cause I wanna know the different types of restaurants/f&b offerings. I’m trying to do a business plan for my fruit shop (offers fresh fruit, parfaits, fruit salads etc) but I’m not so sure about the profitability on a larger scale. I usually do it from home and there seems to be a demand for fruits on the go. What do you think
Have you checked out my other video on writing a business plan?
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
Starts 2:20
yuppp :)
Hi awesome video. I appreciate the time and effort that was put towards research. Also like how the focus of the video is about CoGS, especially as a person who is interested in this industry. How would you rate a dairy free mousse dessert bar or a dairy free dessert bar?
Depends on the demand in your area. Are people looking for dairy free desserts? Who else is selling that? What's their traffic like?
What you think about Thai Restaurant
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate.
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app
You are awesome bro You have given the shape to my thought thank you so much for making a great and wonderful video
Thank you! let me know how else i can help! :)
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. Thank you my friend 💯
Thanks man your advice helped me a lot I have chop and I was loosing money because I could not control my item prise
All about the numbers!! Really look at it. Best of luck
Some Great information In this video. Thanks for the knowledge.
+M.A.K anytime! Glad you liked it.
I have an idea :
it's a new type of restaurant : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via a mobile app
Thank you very Informative. So this data is ore-covid, do we have anything about the F&B industry in canada post covid?
2021 version coming up soon!
Thank you for sharing such a good knowledge.
thanks for tuning in! I recommend checking my updated 2021 version too!
Hello, do you want to earn a consistent income by trading binary? Am a full time beirut binary trader, I do manage account for individuals and generate daily profit, I can help manage your live trading account to make a formidable profit. Please let me know if you are interested. 💯
Tamale shop what do you think???
no clue.
Where does this apply to? I live in Spain and i don't think your list applies here
I opened a restaurant that includes three section wings and fries and vegan section and pizza section .
nice!
Pizza shop? Not anymore it really depends on the part of the world you live. Were I live in Pennsylvania everyone has pizza not just pizza places. Maybe you should be more specific.
pizza in general does really well because of the high margins. however, you are also very correct about the supply. this vid is about the most profitable items, which is evident with the number of places offering it. :)
@@WilsonKLee I used to deliver for a pizza delivery service in Pennsylvania seems like it was doing well until economy in 2008. Seems like marketing changed alot since the early 2000s. We used to hand out menus and get so much business but the last time we tried it was useless. They are very old school and don't understand that when they opened in 1965 business was so much different and simple.
@@davidlopez-rl4sh totally! you are def spot on about the marketing aspect. the business is still booooming like crazy, just the method of delivery is different. check out pizzaioki, a pizza chain developed by steve aioki combining food delivery services + pizza. Killing it!
Love you content Wilson so inspiring! Keep up man:) running Sushi i Norway (Mr. Fish) myself
2.15 when he gets to point
Thanks! Best of luck!
Hi Wilson... I'd like to thank you and express my admiration for your brilliant and consistent interactions with questions, your prompt responses, and your great feedback. All my respect where I doff my hat.
ahhh thanks brother. it does take commitment and a certain amount of character.. :)
That’s the trouble here. They’ll price themselves out of the market. Someone has a good idea, then everybody wants to do it. They should do something that compliment the trade
100%
HEY WILSON MY PASTA HAS , EGG, OLIVE OIL AND SEA SALT AS WELL.! HIGH END PASTA !
Seems like a west coast list to me. Thanks
yea actually thats quite accurate. how does east coast look like?
@@WilsonKLee I couldnt tell you.
Definitely west coast, I'm in the south, down here 1 through 5 is going to be fish, bbq, bbq, fish, chicken and pop. 😁✔
Love you content Wilson so inspiring! Keep up man:) running Sushi i Norway (Mr. Fish) myself
keep it up! Mr Fish! let me know if you have any questions! :)
Where in Norway is your shop?
Tuan Rifkhan Samat Torshov? Oslo?
Wilson K Lee thanks you! :D would love the icE cream collab if possible one day. The WestJet condition is kinda the same
I have an idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is a mobile app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via a mobile app
Hey there... What about pastry/bakery/coffee shops??? Are these business profitable?
umm, i don't know too much about bakery/pastry. I tried it before but didn't really like it, because you've got to be up at like 3am and start baking to be ready for the morning rush. very different to find help during these hours. having said that, i know of a few bakeries that are super successful as well. Coffee shop needs to come with staple food items and you need volume for the business model to work.
This channel is awesome !
YOU are awesome! 😄
Took long introducing the idea I nearly tuned out... but it was a good presentation
trying to find the sweet spot :)
HI LEE, how about dumpling takeaway or restraunt business? I am planing to open one.
its great margins, given high volume. fast and easy to make, requires little to no talent. really depends on location and whether the culture sees this as a staple item. where are you located?
HI Lee, Thank you for the advise. I live in dublin ireland. neither dumpling from chinese restraunt nor frozen dumpling from asian market are good here. So i want open a healthy fresh dumpling takeaway, see how far i can go? Any suggestion?
@@leeshomecooking7265 not too familar with ireland culture. email me and i will send you some resources to do some market research. wilson@720sweets.com
@@WilsonKLee can i get it too, lee? haikalputrarizal@gmail.com if u mind tq before
This is amazing. Thanks. Wishing you great success.
Thanks! Wishing you the same :)
do you like this idea :
it's a new type of restaurants : eating-spots,
in an eating-spot, food keeps changing, chefs also rotate,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the customers via an app,
I also made this infographic to give more details : ibb.co/DVrFvtn