You don’t have to look far for foodies, with more than 15 million restaurants operating and serving food to billions of people across the world, we all love to eat food. In the USA alone there are over 700,000 restaurant chains as of 2020. As per a study published by the National Public Radio, an average American eats 1,996 pounds of food, which is nearly a ton.
This can be further broken down to 630 pounds of dairy products such as cheese, ice cream, milk, and yogurt. Furthermore, an average American consumes 185 pounds of meat & poultry, 273 pounds of fruit, 415 pounds of vegetables, 141 pounds of sweeteners, and 85 pounds of fats. In short, an average American is eating more than 2,000 calories in a day.
With all that being wouldn’t it be a grand idea if you knew how to start a catering business in the USA? I mean the numbers speak for themselves, we love food so the demand is already there. Well look no further here is a small guide to help you get started in the right direction.
Food and especially tasty and delicious food simply doesn’t pop out of the sky. You need the effort and the apparatus to make food. Here is some equipment that will come in handy in starting a catering business:
Apart from other things concerning logistics and accounting, if you want to start a catering business then you will be required to manage a number of legal considerations. These are of fundamental importance and should be taken care of way before you initiate business operations. There are several legal requirements that you would be required to comply with. These include:
Every business needs to create awareness otherwise it will not be able to attract audiences or come to their knowledge that such a service exists in the first place. To market your catering business here are some tips:
Obviously running and setting up a catering business would require financial resources and funding. Not to mention that you would also be required to hire a staff of helpers. Your financial expenses however depend on the range and scope of your venture.
You would also be incurring expenses, pay utility bills, and manage your taxes. For a home-based catering business, you can expect to pool in as much as $10,000 to $50,000. However, this figure is a conservative one since it is for a business model that is focused on retaining low overhead costs and keeping advertising expenses to the minimum.
According to Glassdoor catering workers if you hire them can charge you a salary ranging from $9 per hour to $14 per hour. Evidently hiring an accountant, human resource specialist, or managers for that matter would cost you more.
The catering business in the US is indeed lucrative as salary for caterers in the US is in the top 25% of all careers in the food industry. You can easily expect to earn $30,000 as a startup while high-end businesses can make nearly $80,000 or more.
There are also various niches in catering for you to choose from including weddings, corporate events, private or social gatherings, and concession catering, to name a few. Whatever you choose depends on your expertise and level of understanding. Let your passion guide you to make the right choices. Bon Appetite!
Gary Roberts is a digital marketer. He loves to blog about digital marketing, designing, and business growth. A true lover of Coffee with chocolate cakes!