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Business Opportunities In Food and Beverage Industry
The fast food sector is a major contributor to the growth of the food and beverage industry. The industry showed 25,3% growth in February 2021 when compared to January 2021.
A study by Lightstone Explore found that consumers are attracted to fast foods because of convenience, which suggests that consumers are moving away from “the costly, both in time and money, implications of eating out in a restaurant.
The same study found that 90% of South African residents live within 5km of at least one fast food outlet.
Whether it’s a food truck or a big outdoor shisanyama place, informal food service businesses offer significant opportunities for entrepreneurs.
Business Opportunities In the Food and Beverage Industry + How To Start
Coffee Business - South Africa has seen a rise in the coffee culture, with big international brands like Starbucks competing locally with independent South African coffee franchises. Read more
Kota Business - There is a strong demand for Kota's in townships, CBD areas, shopping areas, and just about anywhere else where there are a lot of people looking for an affordable meal. Read more
Shisanyama Business - Shisanyama offers a profitable market opportunity. With the right business and location, you can turn a humble ‘buy and braai’ into a lucrative enterprise. Read more
Bakery Business - Bakeries are consistently one of the most appealing businesses to start. There’s always a strong demand for baked goods, and if you have a passion for baking, it can be a highly rewarding business. Read more
👇👇👇 Don't Miss: Licensing and Permits For The Food Industry 👇👇👇
New This Week (11 July 2022)
Licensing/Permits Needed In The Food Industry
Business licenses –
Any person who wishes to start a new restaurant, even if it is a take-away restaurant, will need to apply for a business license under the Businesses Act.
Health and Safety – Under The Health Act (1977), there are Regulations Governing General Hygiene Requirements for Food Premises and the Transport of Food, in terms of which any person who handles food or permits food to be handled, such as a restaurant, is required to possess a certificate of acceptability.
Liquor licensing – If you plan on selling liquor in your restaurant, then you will need a liquor license. The granting of liquor licenses is dealt with at the provincial level, which means that every province within South Africa has its specific laws governing liquor licensing. Sound and music – Further, if you plan on playing music in your restaurant, even if it is background music, then (depending on certain factors) you will need a license from The Southern African Music Rights Organisation (SAMRO) as well as a license from The South African Music Performance Rights Association (SAMPRA). These are two completely separate companies, and therefore two separate licenses.
Read the full article to find out the requirements for each of the permits + where to apply for each
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