New Business Ideas In Malaysia – As an evergreen industry, food business would be the first choice for most people when starting a business because food is a necessary daily expense. Therefore, there would be plenty of business opportunities to explore. Moreover, the threshold to start a food business is also lower compared to other businesses.
Recently, we see that Malaysia has experienced a wave of entrepreneurship, especially in the food business. Numerous chain restaurants, bubble tea shops as well as food trucks, pasar malam stalls, online food delivery and so on have sprung up like mushrooms after the rain.
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There are many food business ideas to start in Malaysia and each option has its own advantages and disadvantages, how should you choose as a food entrepreneur?
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From our experience, cost would be a huge consideration. That’s why we’ve sorted the costs of each option to help you make a decision. At the end of this article, we will also recommend a way to start your own food business in Malaysia at a very low cost.
If you were to tell anyone that you were starting a food business, I bet the first response you would receive would be, “Do you want to open a restaurant?”
It will then be followed by the classic duo: “It is so expensive to open a restaurant. Do you have that much money?”
Everyone claims that the initial investment in opening restaurants (or cafes) is very high. But just how high is it? Let’s figure it out together.
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Moreover, it does not include the cost of ingredients, liquid fund and expenses on some bits and pieces.
If you decide to open a restaurant, you have to consider whether you can afford it. You will also consider the source of funds. You can fund yourself or collaborate with others to raise the fund. Other options are borrowing from your family or borrowing from the bank. If you borrow, you should keep in mind that parts of your profit will go towards repaying the loan.
Many famous food brands in Malaysia are actually franchise chains. Examples range from well-known fast food restaurants to local coffee shops to the recent craze of bubble tea shops.
First, the head office will arrange all the details of the upstream supply chain for you, including the ingredients.
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Second, the popularity of the brand guarantees customer traffic to some extent. As long as your store is not in a place too far, you will not have to worry about customer source.
Ultimately, you will lose your most important thing by joining a franchise, which is your talent, passion and rights to cook and make good food. The price you pay to join a franchise is to strictly adhere to the procedures and regulations of the head office.
In terms of costs, the most popular bubble tea shop as an example, the start-up fund will need to include the cost of opening a restaurant as mentioned above and a franchise fee. From the official websites of some bubble tea brands, you need to prepare a capital of RM300, 000 to RM1, 000, 000 for your start-up costs. This would be extremely high if you are just starting out.
In some crowded places with parking lots, you will see many beautifully designed food trucks selling different types of delicacies. Salted crispy chicken, pasta, pizza, drinks, cakes and so on. Most of the food truck owners are young people in their 20s or 30s. Why do young people especially like to start a food truck business? The answer is simple: it’s cheap! Compared to traditional restaurants and franchises, food truck startup costs are very low.
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A reminder for you guys: You will still need to register your business if you have a food truck. Although you do not have a shop in a fixed location, you still have a business, so it is necessary to register with SSM.
If you want your food truck business to go up a notch, you need to do marketing. In this era of attention economy, you have to fight for the eyes of your potential customers. Social media is the most common marketing strategy among mobile food truck companies in Malaysia. You can choose to DIY or hire a social media marketing specialist to manage your account for you. The market price for social media marketing management is around RM3000 per month.
With this, the cost of operating a food truck, excluding ingredients, petrol, insurance and others, is a staggering RM11, 000!
Is there really no way to start a small home-based food business in Malaysia that doesn’t involve huge investments? Fortunately, the answer is: Yes!
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Here’s how to start a food business from home at a cost lower than the price of an iPhone.
Among all the food business ideas in Malaysia, the best way to venture into the food business is by joining Food Beauty. The main mission of Food Beauty is to help ambitious, talented and determined food entrepreneurs like you to realize your dreams. Just send us your best food and we’ll take care of the rest.
It seems like we are looking for a chef, but it is not! We are looking for business partners. We would like to establish a long-term and mutually beneficial strategic partnership with you. You are your own boss, you own your own food business, and we are here to help you develop your business.
At Food Beauty you don’t have to pay rent, hire employees or sell yourself. We will help you sell your home-cooked food in Sungei Wang Plaza and through our own online channels. You just have to deliver your food to us before business hours every day. Our professionally trained staff will repack for you and ensure your customers are satisfied and happy.
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This is a great opportunity for new food entrepreneurs. Firstly, because the start-up costs are very low, you can have a business without pressure and debt burden. Second, many entrepreneurs, especially solopreneurs, will find themselves wearing several hats in the early stages of their business. You will be torn between spending more time making better food or putting more effort into marketing.
By joining Food Beauty, you will no longer have these problems. You will have a steady flow of customers while developing new menus. You can also adjust your menu according to customer feedback without wasting a lot of ingredients.
In addition, since Food Beauty has already taken the marketing chores off your shoulder, you now have more time to learn other business knowledge. For example, you will learn how to manage profits and losses, how to manage inventory, how to manage time and a whole bunch of knowledge and experience that bosses need to master.
By now I am sure you are very interested in Food Beauty. You can turn your passion into income by selling your best food with Food Beauty. How amazing is that?
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Contact us for more details. Just fill out your information in the form below and we will get back to you as soon as possible. Looking forward to hearing from you!
*Disclaimer: Food business ideas in Malaysia and the related data are for reference purpose only. We have tried our best to provide the most accurate information. In the event of discrepancy between the figures presented here and the actual figure obtained, the actual figure shall prevail.
4 Food Business Ideas in Malaysia and how much do they cost? As an evergreen industry, food company … Livin is a Marketing Adventurer in One Search Pro, a Globetrotter by nature. He considers himself an ordinary person “Livin” with extraordinary dreams. Memes, comedies and new marketing ideas fascinate him all the time. In the world of average, he is a wild! He loves his six packs so much that he tries to protect them with a layer of fat at all costs.
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Starting your own business is one of the most fulfilling and exciting things you can do for yourself.
That’s why our experts put their heads together and came up with 25 business ideas from the best business in Malaysia that will boost your finances and make you feel safe and confident.
Starting your own business will be one of the most exciting yet important things you can do for yourself.
And we have some good news about it too – statistics show that 45% of consumers said they were more likely to shop at a small business. [1]
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Either way, you need to understand from the start that things won’t always be rosy and fluffy for your business.
When things are difficult, you will have your passion and dedication that will keep you going. And choosing a niche that you are good at and you enjoy working on is a good start!
So let’s see a complete list of SMEs in Malaysia, their niches, and what type of business in Malaysia is the right fit for you!
Sometimes you can’t come up with an original small business idea, no matter how hard you try. And that’s good. But here’s a crazy solution – instead of coming up with the next, great idea, you can help other companies be stronger and
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