Setting up a breakfast business in Ghana is quite a stunning business idea. However, just like any other business idea, it requires hard work. It is also profitable considering the fact that most people find it hard to prepare breakfasts due to lack of time so serving them is really something you can make good money out of. The business can be big or small depending on how you like it, and we will be taking you through how you can actually start one.
What One Needs To Start The Breakfast Business in Ghana
Most people prefer to go with smaller breakfast businesses in our Ghanaian setting, thus selling porridges and beverages on tabletops. These businesses do not require any business registration as all you need is just a tax ticket issued to you every morning for a meager fee. For someone who wants to make the venture big, you must first register the company and obtain the local authorities’ required permits. Also, you must invest some good money into equipment as well as the setup of the space.
How Much Does It Cost To Start The Business
For smaller businesses, one can start with about GHC 200. However, the amount will change for the bigger ventures as you will have to pump not less than GHC 2000.
How Profitable Is the Breakfast Business in Ghana
This is a very profitable business. Most people prefer to have breakfasts outside than prepare them at home due to the lack of time on their side.
Best Areas (Places) To Start The Business
This venture has no specific best place to start. It can be started anywhere, especially the smaller ventures. For the big ventures, since the target is to serve a greater number of people, it will be good to go to the bigger cities.
How to make the Business Successful
Serving good and healthy meals is a plus.
Also, for bigger brands, resorting to adverts also helps, and having a well-defined menu with a distinct price structure adds credibility.
Challenges In The Breakfast Business in Ghana
The challenge is getting the setup and also having competent people to work with.
Benefits of Setting up the Business
As usual, making profits is a major benefit. On a lighter note, you will be cutting down the unemployment rate in the country by employing people to work in your venture.