Best Top 5 Most Profitable New  [ Food Business Ideas ] | Smart business ideas

Beverage restaurant owners and created the survey.

That's the reason why I was able to gain a lot of insight into 

which types of business

are actually making money and what is not making money.

This report is a lot of work, and it gave us a lot of insight into 

How people invest

and the type of service we're going to be offering.

Today I'm going to be sharing with you the top five most 

profitable businesses, so make

sure you guys stay until the end.

I'm going to be sharing with you guys.

We talked about the few things to look out for when creating a 

restaurant and when you're

opening up a restaurant and, within this video, we talked 

about the margins that typical food

and beverage owners make, 

and

that ranges from 5% to 10%.

That is very, very slim margins.

Today, these five businesses that I'm gong to be talking to you 

about, the five industries,

all range from 20% to 35% margins.

We're talking about 20% to 35% margins

take-home, so make 

sure you guys stay until the end.

This is something I've never done before.

 good for you.

Cover Image of  Most Profitable New  [ Food Business Ideas ] | Smart business ideas

Before we dive right in, I'm going to be talking about the 

structure of how I'm presenting it.

I'm going to be talking to you about

 The pros and the cons 

and 

Basically  why this is such a profitable idea.

You would want to really pay attention to this because before 

we dive into creating

and actually committing into your next five years of business, 

you probably would want

to know what is the most profitable.

You probably want to know which business idea to get into so 

then that way, after five years,

you're not better off not starting at all.

So many businesses are like that, but today these five 

businesses are the kings 

Are you guys ready?

All right, let's dive right in.

The number one most profitable 
food and beverage business to be in in 2021 is 

1. A bubble tea

Image of bubble tea

Shop, and the reason why it's the most profitable is because 

the cost of goods sold is relatively low.

It ranges from 10% to 15%.

It is super easy to make, and on top of that, the quality control 

is always there.

How You Start the Bubble Tea Business 

You just follow the formula.

You have all the powders, you have all the syrup and 

you're good to go.

Training people is super easy because of the fact that the 

quality control is so easy to make as well.

PROS operating a bubble tea shop

Some of the pros of operating a bubble tea shop is that it has 

high demand.

Nowadays, everyone is drinking bubble tea, and if you do not 

know what bubble tea is you definitely are missing out.

Second thing is high turnover rate, and what that means is 

that you don't need a really big space in order for you to do

 a lot of volume.

Third thing Time Saving People grab their bubble tea and 

they go.

A lot of people order takeout, and that is the reason why it is 

such an attractive business model.

On top of that, it doesn't require a lot of investment.

All the equipment that it requires is actually very, 

very affordable.

The fourth thing is that the quality control, everything is 

processed in terms of it has a process.

It doesn't require a very high skill to be able to make the 

product good because it's all in the formula.

It's all in the syrup, it's all in the powder.

That's what makes this product and this business model .

so attractive.

For us, we actually started selling bubble tea as well at 

720 Sweets two years ago because

we saw how profitable it is, and how much of a demand it has.

CON operating a bubble tea shop

Now, the con of running this business is that the 

average  ticket price for this product

is relatively low, so what that means is that you need a lot of 

volume in order for you to be super profitable.

The second con is that it is highly, highly competitive.

I'm not sure about you, if in Vancouver we have more bubble 

tea shops than 7-Eleven's,

and in any convenience stores, going down a block you're 

going to see at least five of them.

It is because it is such a profitable business idea out there.

Just to share some behind-the-scenes stories with you is that I 

actually have a lot of

friends who are in this field and that are in this business, and 

just to let you know

about the volume that they're actually doing is that a lot of 

them actually clear seven figures selling bubble tea.

Income from Selling Bubble Tea is Around

We're talking about peak times, 

more than $200,000 per  month.

That is crazy amount of volume and crazy amount of demand, 

and that's the reason why 720 Sweets

is in the forefront and our franchisees love us

 providing this as well.

I mean, if you're not in this business in today's age,

 you're definitely missing out.

The second most profitable food and beverage business out there is an

 2.Ice cream shop

Image of Ice cream

Nonetheless, just to share with you some of the pros, is 

that the cost of goods sold,

Once again, is relatively low in comparison to 

a full service restaurant.

Range of your Income from Ice cream Shop : 

We're talking about around 20% to 25% in cost of goods sold.

Now, the quality control is definitely 

one of the pro things because when you make these

things in batches, and it comes in formulas, 

basically just mix A, mix B, mix C, and out

comes a product, so it doesn't require a lot of high 

skilled labor  and talent in order

for them to create the product.

At the end of the day, who doesn't like ice cream?

Come on, you tell me one person that doesn't like ice cream,

 I  will give you free ice cream.

Everyone loves ice cream and, at the end of the day during 

the summertime, it is amazing that the amount is crazy during 

the summertime.

The cons of running an ice cream shop 

 The fact that the equipment is a little

bit higher in cost 

and 

also the seasonality of the problem 

and 

also the low ticket cost

of the ticket item, so that means you need a lot of volume in 

order for you to be able

to able to make the big margins 

that I've been talking about.

was able to do quite decently well is because, knowing the fat 

that seasonality is a problem,

we introduced bubble tea, and we introduced taiyaki as well, 

because we want to make sure

that we uplift that average ticket cost.

People don't only come in for dessert.

They can also can come in for a light lunch or a light dinner.

We have these taiyaki sandwiches, which is a croissant made 

sandwiches that people love,

and that helped us increase our average ticket cost, as well, 

and on top of that, it also

tackled the seasonality problem.

If you are in any of these lines of business, and if you think 

that these are all the cons,

these are just creative ways of how you can actually come up 

on top of the cons, so there

The third most profitable food and beverage business idea in 

2021 is having a ramen joint.

3.Ramen joint

Image of Ramen Joint

When it comes to profitability because 

the cost of goods sold is only 15% to 20% and, on top of that,

 The pro of Ramen Joint business is that people

 love Ramen.

Tell me one person that doesn't love Ramen.

Everyone loves Ramen, okay, and on top of that the average 

ticket cost is definitely

A lot higher when it comes to per person spending, 

so that is a really high must, and on top

of that it requires a medium skilled labor.

It doesn't require a full-on chef to create this product 

but, nonetheless, a lot of the

things actually are preset.

You actually follow a formula in order for you to create the 

product, which is the reason

why it is such an attractive model when it comes down to it.

On top of that, super, super high turnover.

Haven't you been to a Ramen shop where they're like, if your 

whole party is not here, you

cannot go in, you cannot eat?

I've definitely been to a lot of these ramen shops.

It's part of the culture because they want you to grab and go, 

grab and go, so they can have that turnover.

I have friend who is in the ramen joint business.

Revenue from Ramen joint Business

His place is only a thousand square feet and he makes more 

than $2 million dollars in revenue.

It is mind blowing.

It is crazy how much volume that they do because of how 

much  high turnover, just completely crazy.

Now, on the flip side, the investment is definitely a lot higher 

when it comes down to it.

They have a lot more competition as well.

The fourth type of super profitable 

food and beverage ideas in 20201 is having 

4. A pasta joint

Image of Pasta Joint 

Pasta place is super profitable as well.

I've interviewed more than hundreds of

 food and beverage owners.

Pasta is always on the top in terms of profitability 

because of how a staple this item is.

Just like Ramen, people love pasta, 

and the cost of goods sold 

is incredibly low because they're just mixing flour and water.

It's just crazy. Typically speaking, we are talking about around 

15% to 20% cost of goods sold, high demand,

average ticket cost is definitely a lot higher than bubble tea 

and  also ice cream as well,

so this is something that is definitely a pro.

Now, the con side is that the investment to open a pasta joint is definitely a lot higher

when it comes down to it, because you need to have a full-on kitchen and, on top of that,

you need to have a higher skilled labor to open up a pasta place.

The final, fifth, most profitable business idea in 2021 is

 having 

5. pizza shop

Image of Pizza 

You know, this has always been something that is super 

profitable because you're basically

mixing dough and water as well.

You're talking about maybe 10% to 15% in cost of goods sold.

Now, depending on what type of pizza joint you serve, 

some people might have arugula

and have different types of really upscale meat so, for those 

joints, their cost of goods

sold are definitely higher, but for a lot of your neighborhood 

pizza places, their margins are insane.

Grab and go, high turnover.

Who doesn't like pizza?

Come on.

Everything that I mentioned, people love,

 which is the reason 

why it makes them have

so much demand and high margins, okay?

So, when it comes to pizza, the skill required to make pizza is 

definitely a lot lower than a full-on restaurant as well.

On the con side, the investment for having a pizza shop 

is  definitely a lot higher as

well.

So there you go.

Best top five most profitable

 food and beverage businesses in 2021

I know I've focused a lot on the cost of goods sold but because 

of the fact that when it

comes to running a food and beverage business, the margins is 

really determined by the cost

of goods sold, by your labor, and by your rent.

So if you can control any of these to a minimal, that's where 

upside comes from, which is the

reason why these five different business ideas is so incredibly 

profitable in 2021.

If you guys are looking for more resources and insight into 

how the food and beverage