Start a Catering Business
Edited by Melvin Magadia, Lynn
Catering is a fast-paced and growing industry today. With events here and there, a caterer can make a huge income and turn their love for cooking into a lucrative venture. Nearly every occasion may require a caterer for their event. In the United States, it is estimated that the catering industry generates $7 billion annually. Aside from that, it also provides jobs to thousands of people nationwide.
Catering has evolved to more than just serving and preparing food for an event. They now often provide hosts as well. Catering companies vary in size. Some can cater large events such as weddings, birthdays, and more, while some caterers can only handle a small gathering. Here we will go through the different requirements for setting up this kind of business.
- 1Start-Up CostsAdvertisement
- 2The amount will depend on the size of business you will put up. You can save a great deal on start-up costs if you use your own kitchen and equipment for preparing the food. The other initial start-up fees include the tables, chairs, equipment to name just a few.Naturally when starting a business, you will need some kind of capital.Advertisement
- 3There are manpower agencies that can provide you with temporary workers on a per project basis. This will save you money on salaries and personnel training. As your business grows, you can start investing in your own equipment, facilities, and permanent manpower.Another way you can cut down on starting costs is to rent equipment or hire temporary workers.
- 4'Develop A Business Concept
- 5This will be easier for you to promote the company to your target market. The business concept should include the menu, chef, and food.Regardless of the size of your catering business, you will still need to develop a concept.