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Open Frozen Yogurt Kiosk: A kiosk business can offer fantastic business opportunities.
Whether you rent or buy, you should start with a small cart.
And work your way up to a larger, more permanent kiosk.
Whatever you choose, ensure your location is in a high-traffic area and has adequate space.
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Shop around before deciding exactly where to locate your kiosk.
If necessary, apply for business loans at your bank or credit union.
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Open Frozen Yogurt Kiosk
Business Background:
Open Frozen Yogurt Kiosk
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Open Frozen Yogurt Kiosk
1. Develop a business plan.
The most important sections of the business plan include:
- A market analysis describing your target market, your competition.
- And any potential roadblocks to your business’ success
- How much money you expect to bring in
- How you intend to repay the loan
- How long it will take to repay the loan
Open Frozen Yogurt Kiosk
2. Provide the necessary information.
Financial institutions and loan programs need to see more than just a strong business plan.
You’ll also need to submit personal financial information — tax returns, financial statements.
And bank statements — to demonstrate that you’re financially responsible.
- Provide a statement about what kind of collateral you can offer against the loan, if necessary.
- The loan officer might also ask for legal documents and licenses demonstrating your business is legally owned and operated.
- You might also need to provide a resume to show that you have the skill necessary to run a kiosk business.
- Check with the financial institution.
- Or loan program you’re applying to for a checklist.
- To ensure you don’t omit anything from your application.
See also: 17 Tips to Create Business in Nigerian Universities Premises
Open Frozen Yogurt Kiosk
3. Get the Best quality yogurt kiosk
Yogurt kiosk are very similar like ice cream kiosk in mall.
Sometimes you can even change them in return.
In fact, you can use ice cream kiosk to sell frozen yogurt or use yogurt store to serve ice cream.
For many vendors will choose to do two business together.
No matter which products you are selling.
A unique design and high-quality kiosk is a key point to business success.
Unique kiosk is a professional mall used food kiosk manufacturer .
Open Frozen Yogurt Kiosk
4. Scout out potential locations.
Take a walk around your local downtown or shopping mall for areas that could accommodate a cart or kiosk.
Keep an eye out for empty kiosks in shopping centers.
Or unused space near sports arenas, parking lots, and public parks.
Try to envision how your kiosk or cart might look in each space.
Talk to other kiosk and cart owners to get a sense of what they’re paying each month in rent.
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Open Frozen Yogurt Kiosk
5. Figure out how much space you need.
The product you’re selling will determine not only whether you want a cart or a kiosk.
But also the size of the cart or kiosk you need.
Check other cart and kiosk businesses either online or in person to get an idea of their sizes.
Think about what style is most appropriate for your business.
- If you plan on selling food, determine whether you need refrigeration, a grill, an oven or some other feature that accommodates your product.
- When selecting a cart or kiosk, you should also consider whether you’ll need storage space.
Open Frozen Yogurt Kiosk
6. Make your business decisions.
Kiosks can accommodate almost any kind of business.
Apparel, food, and electronics — especially mobile phones — are some of the most common kiosk businesses. Whatever you choose, try to be versatile and offer variety.
- For instance, if you’re a food kiosk, don’t just offer hot dogs.
- Offer chili dogs, French fries, soda, etc.
- A phone kiosk might offer phone cases, chargers, and other paraphernalia in addition to selling phones.
- Brainstorm some innovative ideas either alone or with a friend.
- Look for opportunities that would lend themselves well to the small scale that carts and kiosks offer.
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Open Frozen Yogurt Kiosk
7. Locate a place to set up.
Most kiosks are located in malls or shopping centers.
However, cart kiosks can often set up at local fairs, farmer’s markets, or festivals.
Check with country or municipal authorities before peddling your wares in these locations.
To ensure you adhere to all the regulations and meet the requirements.
- Other locations like airports are prime real estate for kiosks.
- Contact your local airport’s business department for more information.
- The lobbies in certain office buildings might also host kiosks or carts.
- Talk to building management for details.
Open Frozen Yogurt Kiosk
8. Calculate how much money you’ll need.
Check with the mall or shopping center.
Your kiosk is located in to find out exactly how much money you’ll need.
Rates often vary depend on your location and type of business you’re running.
- If you’re just renting a small cart, you probably have the necessary startup capital, which usually hovers around #6000 per week. Rental costs might also be 15% of your monthly gross, whichever is greater.
- Cart rental fees often vary seasonally.
- Buying a cart might be a good idea if, after renting for a while, you think you don’t need to scale up to a full kiosk. Be sure to go over the kiosk carefully before buying, though, to avoid purchasing something inadequate for your needs.
- If you’re renting a larger kiosk, you might need a loan to cover your expenses over the first few months. Kiosk rental can be $9,000-$10,000 per month.
- If you’re buying a kiosk you might need #25,000-#30,000.
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Open Frozen Yogurt Kiosk
9. Get a loan.
Banks and credit unions are the most common sources for loans.
The specific process for securing a loan varies depending the financial institution you apply to.
However, you should always aim for a loan with a long repayment period.
A low interest rate, and a low minimum monthly payment.
- Alternately, contact the U.S. Small Business Administration (SBA) for help getting funded.
- The SBA has many loan and grant programs available online at https://www.sba.gov/loans-grants.
- Explore the possibilities that might be available to you.
Open Frozen Yogurt Kiosk
10. Get a grant.
If you don’t want a loan, you could try for a grant.
A grant is better than a loan because you don’t have to pay the money back, but they are also harder to secure.
- You probably won’t qualify for government grants.
- But you should investigate the possibility of local grants and funding for your kiosk.
- Many municipalities have economic development funds that might be able to help you get your kiosk off the ground.
Open Frozen Yogurt Kiosk
11. Start small.
Related: Top100 Moving Kiosk Business Ideas in Nigeria
Open Frozen Yogurt Kiosk
12. Hire a staff.
You could also advertise for the position in your local newspaper or community bulletin.
- Look for people with a background in the industry that you’re working in.
- For instance, if you’re setting up a hat kiosk, try to find someone who has worked in a hat store, a sporting goods store, or apparel sales.
- Choose the best candidates and interview them. If they do well at the interview, hire them.
- Think about how many workers you’ll need. You’ll probably need to hire at least four or five.
- Most kiosks only need one or two employees working at a time, and therefore have low labor costs.
Open Frozen Yogurt Kiosk
13. Get business insurance.
Open Frozen Yogurt Kiosk
14. Obtain the necessary license and registration for your kiosk start-up business.
A mall kiosk will probably help you with the necessary licensing and permits.
- If you lease or buy a portable kiosk, you may need a special vehicle license for hauling it.
- If you will be working with food, you will need an additional permit.
- Contact your state or county’s board of health for more information.
Open Frozen Yogurt Kiosk
15. Know your competition.
Read on: 20 Tips to Open Gadget Accessories Kiosk Business in Nigeria
Open Frozen Yogurt Kiosk
16. Identify your primary customers.
Then consider setting your cart up at a motorcycle rally or show.
- You might find new target audiences once you get your business up and running, or, you might realize that your target audience is not who you thought it was.
- If that’s the case, adjust your business plan to reflect this new purchasing demographic.
- Remember, if you cannot attract people who are interested in your product you will not succeed.
Open Frozen Yogurt Kiosk
17. Shop around for the best location.
Common hidden costs include:
- security fees
- a percentage of your monthly sales
- required participation in a loyalty or gift certificate program
- required participation in a community service event
18. Make good use of your space.
Maximize your use of the kiosk by investing in tablets with digital cash registers instead of clunky countertop registers. Use the saved space to display more merchandise.
- Use Square, Shopkeep, or another digital cash register app to help you process payments and check customers out.
See also: 16 Best Mall Business to Start in Akwa Ibom State
Open Frozen Yogurt Kiosk
19. Arrange your merchandise nicely.
Open Frozen Yogurt Kiosk
20. Scale up.
Then branch out and obtain more kiosks in other malls in their area, state, or region.
- Look for opportunities to grow your business by adding new locations.
- Pour profits back into your business by paying your employees a living wage and offering new products or services.
- Keep up with the latest trends in your kiosk business.
Read on: 13 Tips to Maximize Hotel Food/Beverage Revenue in Nigeria
Open Frozen Yogurt Kiosk
21. Adapt quickly.
In the dog-eat-dog world of business, being quick on your toes is crucial for staying ahead of the competition. Fortunately, small businesses tend to be better than big ones at adapting to changes, and it doesn’t get much smaller than a kiosk business. Stay abreast of new developments in technology, sales, and marketing that could make your job easier.
- Look for new ways to cut costs by finding similar or identical products at lower costs.
- Keep an eye out for new merchandise that your customers might want.
- Identify employees that show promise. Give them additional responsibilities and an increased salary. Rewarding intelligence and loyalty will make your business strong.
- When your kiosk business grows large enough, invest in some local advertising. Local papers and billboards are good venues for small business ads.
- Get a website up and running so that you can make sales even when your kiosk is closed, or your customer is not close to you geographically. Additionally, set up social media sites so people can talk about your business.