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Who Is Into The Fast Food Business? How Profitable Is It? - Business - Nairaland

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Who Is Into The Fast Food Business? How Profitable Is It? by Nobody: 8:37pm On Apr 22, 2020
House,i want to know how profitable is a fast food biz. i wish to go into it.experienced peeps should share their struggles&their success stories. I await your response.
Re: Who Is Into The Fast Food Business? How Profitable Is It? by Nobody: 8:42pm On Apr 22, 2020
favoryte33:
House,i want to know how profitable is a fast food biz. i wish to go into it.experienced peeps should share their struggles&their success stories. I await your response.
indoor or outdoor fast food?
Re: Who Is Into The Fast Food Business? How Profitable Is It? by Nobody: 8:52pm On Apr 22, 2020
southniyikaye:
indoor or outdoor fast food?
outdoor i.e road side.
Re: Who Is Into The Fast Food Business? How Profitable Is It? by skedman(m): 8:59pm On Apr 22, 2020
favoryte33:
House,i want to know how profitable is a fast food biz. i wish to go into it.experienced peeps should share their struggles&their success stories. I await your response.
It is a good business and more profitable
The profit margin is 200 percent
How ?
Material
Labour
Overhead cost
Process costing
Abnormal and normal cost

One bag of rice cost 22,000
64 cups in a bag(derica)
One derica cup of rice will serve 6 people
6 portion @ 200 --1,200
1,200@64=76,800
76,800-22,000=54,000

Labour 1200per day
3 staff =3,600per day

Over head
Gas
Nepa
Water
Petrol
DStv
This is per day
It is profitable
However the only challenge is that your competitors are usually fetish you have to be ready
Attend cherebum and celestial church

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Re: Who Is Into The Fast Food Business? How Profitable Is It? by Flame77: 9:47pm On Apr 22, 2020
skedman:

It is a good business and more profitable
The profit margin is 200 percent
How ?
Material
Labour
Overhead cost
Process costing
Abnormal and normal cost

One bag of rice cost 22,000
64 cups in a bag(derica)
One derica cup of rice will serve 6 people
6 portion @ 200 --1,200
1,200@64=76,800
76,800-22,000=54,000

Labour 1200per day
3 staff =3,600per day

Over head
Gas
Nepa
Water
Petrol
DStv
This is per day
It is profitable
However the only challenge is that your competitors are usually fetish you have to be ready
Attend cherebum and celestial church
you tried. But how about cost of ingredients/ stew for the rice? Though more profit will still come in from sale of meat/fish/water. Most importantly must be ready to work round the clock and sleep less. Restaurant biz is serious biz.

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Re: Who Is Into The Fast Food Business? How Profitable Is It? by Nobody: 11:40pm On Apr 22, 2020
favoryte33:
outdoor i.e road side.
very profitable expecially when you are in a busy location
And you must always keep your food hot so what is your plan about that?

Re: Who Is Into The Fast Food Business? How Profitable Is It? by Nobody: 11:43pm On Apr 22, 2020
skedman:

It is a good business and more profitable
The profit margin is 200 percent
How ?
Material
Labour
Overhead cost
Process costing
Abnormal and normal cost

One bag of rice cost 22,000
64 cups in a bag(derica)
One derica cup of rice will serve 6 people
6 portion @ 200 --1,200
1,200@64=76,800
76,800-22,000=54,000

Labour 1200per day
3 staff =3,600per day

[b]Over head
Gas
Nepa
Water
Petrol
DStv
This is per day
It is [/b]profitable
However the only challenge is that your competitors are usually fetish you have to be ready lestial church
outdoor doesn't need all those bolded
Re: Who Is Into The Fast Food Business? How Profitable Is It? by Chemist009(m): 11:47pm On Apr 22, 2020
https:///EbrgvrAka7o5zi9IFrTaPk
Join our business WhatsApp group and the rest will be history

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