How Much Does it Cost to Open a Pizza Shop?
The opening of a pizza shop in today’s economy has a great amount of profit to make. Consumption on product of pizzas are on the high edge and increasingly every day. This has caused many entrepreneurs and investors to have a wide eye in getting in to the pizza making industry and ripping in some huge profit.
But before you can talk of profit from making and selling pizza, you did be asking yourself the question how much does it cost to open a pizza shop? There are so many underling factors in answering such a question. However, below are a few factors to consider help you answer the question how much does it cost to start a pizza business:
- Location: A very first factor to consider is your location, where are you going to establish that pizza making business, which area are you targeting are questions to answer to help locate you in a great place to harvest some good profit. A location near the business district would have your business near hungry customers from other business, companies and the many individuals just walking around parks and recreational places.
Your shop should be in target of people who are busy to cook something to eat and hence turn to come have breakfast, lunch and dinner at your shop. On the other side, a location far from the business district or main town will somehow go in effect to worry you on patronage and in long run profit. So, it is advisable to make research on where people tend to stop and rest or near business and estate housing when thinking of opening a pizza shop.
- Menu: The next factor to consider is what menu you did be making, once your pizza shop is open. Menu is important here because that is what you did be serving your customers and the main thing that will be providing profit. Of course, pizza will be on the menu, however will it be only the serving of pizza’s or you did be adding some pasta, some favorite milk shakes or maybe some good fried chicken all to be added with the pizza or served separately. Making them a combo meal, such as a 16” pizza coupled with some hot fries and spicy fried chicken will not only get you visiting customers every day but also sky rocketing profit in the making.
- Pricing: Now that you know of what your menu is going to be, next factor to think of is how will I be pricing my products. Product pricing will also come once you have the cost of the basic ingredients used in making a pizza. Ingredients like flour, yeast, water, sauce, cheese and toppings are great factors to consider on answering the question how much does it cost to open a pizzeria. You should also think of labor cost when pricing your pizzas, as labor will be the one to hold the everyday operations of your shop. Barker, barrister and waiters are all to be put on account before totally pricing your pizza and other products.
- Advertising: There are indeed a great amount of companies established and establishing that you need to fight for in terms of customers in the industry of pizza making. You would have to come up with a plan in advertising through flyers, promotions, local radio and the many social media outlets on the web now, so as to get the attention of potential customers in knowing that you are now open and serving some delicious pizzas. Advertising will draw more and more customers to your shop, which will in turn increase your profit. So, to start a pizza shop, know how you will be advertising so you will know your overall cost.
So, in order to answer the question, how much does it cost to open a pizza shop, will depend on the factors stated above and a lot of researching in the food industry. That said it will also highly depend on the initial capital you have and are willing to invest and also ready for some losses.