Essentials Of A Juice Bar Business Plan
Imagine a hot summer day or an extensive work out session and a glass of freshly squeezed glass of juice. Sounds like a perfect day, doesn’t it? We live in an era where ‘organic’, ‘healthy’ and farm-fresh products sell like hotcakes. Right from teenage fitness freaks to elders, everyone’s a fan of the ongoing ‘healthy food’ wave.
Fresh juice is here to stay throughout the year. Be it summers or winters, everyone is up for a glass full of juice. In summers, your juice bar will be heaven in the scorching heat, in Winters it will be an amazing source of fresh Vitamins and minerals, and for the diligent gym followers, your Juice bar will be an everyday-stop.
Starting a food business is a profitable business especially in today’s age where people are conscious about their health. Undoubtedly, investing money in starting a juice bar business can be a profitable venture. The demand for juice bars can never go downhill because of the health benefits one enjoys by drinking different fruit juices.
Nowadays, you can see juice bars in every nook and corner of the street. Thanks to our busy schedules, food habits of the people keep changing from time to time; we hardly get quality food and all the necessary nutrition.
Due to the consumption of poor quality foodstuff, we end up being unwell with different health issues and problems. This kind of health complications prompted many people to come up with juice bars that offer various fruit juices that can fight against any disease.
We need to consider many things to make our mark in this business. Even though this is a profitable business idea we still need to compete with our competitors by following profitable juice bar business plan. No doubt juice bars are an amazing business option to start with. To withstand cut-throat competition from them in the market, we need to make business strategies and juice bar business plan that will help us to stand special and most liked juice bars in the market.
Below points explain how to start this juice bar business, tips to run this business and material we need, labour, maintenance, profits and location.
Variety Of Juices
There is a wide range of juices. Apple, orange, pineapple, sweet lime, watermelon and other yummylicious fruits along with veggies (this one’s for the fitness freaks!) bitter gourd, beet, carrot, broccoli, spinach, cucumbers, pumpkin and what not!
You should be able to offer a different kind of fruit and vegetable juices because different people like different fruit juices so to meet this demand, you need to offer various fruit and vegetable juices. This is the foremost point to keep in mind before you kick off your fruit juice business plan.
Objectives And Mission
Decide the mission and the objectives for your business and include them in the juice bar business plan. Know what you should expect in the initial phase of your business. The objectives of your business juice should be the following:
- To Create a state-wide sales staff.
- Build increasing sales in nearby areas and hotspots.
- Maintain a balanced control of cost and operation during expansion.
- Mention the finances in your fruit juice business plan.
While maintaining the objectives of your business, you cannot overlook the quality. Quality is what will improve your loyal customers and improve your clientele.
Make sure your fruit juices are of the highest quality, are nutritious because these health values will attract more customers.
You can also be innovative in this process. To be innovative, you first got to have an in-depth knowledge of your business and it’s products. Also, don’t overlook the packaging of your products. This gives quality assurance and maintains your superiority in the industry. Don’t forget to add these minutes in the juice bar business plan.
Juice Bar Business Plan
Now that you know the important ingredients of a business plan, you should draft your fruit juice business plan. Make it as extensive and detailed as possible for it will act as a road map for your business. There are many first-time business owners who et chills at the thought of having to create a business plan. The common misunderstanding about a business plan is that it is required only if you are applying for a business loan. Your fruit juice business plan is primarily for you than the financial institution. Whenever you feel stuck or in doubt, you can refer to the business plan and decide the further actions of your business.
This juice bar business plan will help you understand your business. However, it’s important to draft a thorough plan. Yes, that’s a handful. Because your juice bar business plan doesn’t have to be written out as a lengthy versed book but it should be more like a translation of your goals regarding your business.
The significance of your juice bar business plan is not limited to only the process of securing a business fund from the financial institutions, but also it will guide you at every step like expansion, equipment, the costs, and help you create a planned marketing strategy.
While you are crafting a business plan, mention your goals along with numbers and figures. With this practice, you will gain a better understanding of what it will take to make this business profitable over time. You can also opt for deAsra’s business plan services which have helped hundreds of entrepreneurs craft a successful business plan.
The Legal Aspects
What’s a business without licenses, probably shoes without laces or juice without fruits! Exactly, it won’t be wrong to consider the legal licenses the soul of the business. Even if you have everything in place, that is, the equipment, funds, raw material and even customers, but if you don’t have the required legal licenses, you won’t be able to operate your business.
Your fruit juice business plan needs the support of the following legal compliances –
FSSAI Registration – FSSAI registration is mandatory for any food business and your business needs to strongly adhere to the Food Safety and Standards Authority of India. FSSAI not only monitors the process of food preparation but other factors like people who handle food at different stages before it is finally presented as the final product. The process includes manufacturing, raw materials, processing, mess, canteen packing and the distribution as well as the agencies who have authority to sell them.
GST Registration – GST Registration depends on the annual turnover of your business. Check if your business falls in the annual turnover limits and see if it requires a GST Registration.
Shop Act – Shop Act is compulsory in the unorganized sector of employment. The entrepreneur has to register his shop under the Shops and Establishment Act, depending on the state in India in which his/her business is set up. Shop Act helps in regulating the condition of work and provides guidelines for the employers and marks the rights of the employees working for the business.
Trademark Registration – You rack your brains and work really hard to create a logo and a name for your business which is unique, relatable and which would create your separate identity in this field. Thus, safeguarding this unique name with a trademark registration is equally important for your business.
In order to save your business from copycat fraud by any other competitive business, the brand name and logo should be registered under trademark. It is compulsory for the entrepreneur to get them registered with the trademark department.
Sounds like a long list and an arduous task, doesn’t it? But you will be happy to know that all of the legal licenses can be obtained online and the procedure is hassle-free. To make it simpler, deAsra can help you with the required legal documents.
Know The Required Equipment
Agreed, that your Juice business might need less of seed money but it will definitely need some equipment depending on the size of your business. If you want to run your business on wheels then you would need a cart or a van that can support all the equipment and which is also easy to roll from one place to another.
Apart from this, you would also need equipment to make the fruit juice like an excellent quality juicer that will cost you around Rs. 20,000 (more or less) and primary equipment like peelers, cutting boards, knives, spoons, strainers, saucepan, bottles cleaning and capping machine, glasses, etc. This is the basic equipment that you will definitely need to get your business started. You can opt for modified and advanced equipment as and when you decide to expand your business.
So these are the basic necessities for creating a fruit juice business plan. If you need entrepreneurial guidance, deAsra is just a call away. You can call us at +91 86699 85599.