Owning a successful pizza shop in the posh environs of New York can make you a money making machine – literally. Opening a pizza shop of your own can be an excellent financial investment, particularly if you’ve prepared properly. It may take a lot of time and effort to get it right, but a pizza parlor with a steady flow of customers will always bring in cash. You can make a nice profit, or even take it to the next level and have franchise sales – that’s completely up to you and the marketing of your shop.
The first thing you’ll need is a carefully thought out business plan, including POS system, menu, advertising, heating and cooling units, ovens, pizza tools, tables, countertops, fixtures, lighting, and supplies. Since a pizza shop usually serves many different types of foods, you may need additional ovens for baking cakes, biscuits, and grilled pizzas. You’ll also need a refrigerator and freezer to keep frozen toppings fresh and easy to grab.
You can either start from scratch or buy a franchise. Buying a franchise is often more affordable than starting from scratch, especially since franchises are controlled by a company that pays royalties to the pizza shop owners. With a franchise, you’re purchasing the right to use the company’s trademarks, equipment, and kitchen style. Franchise outlets have a significantly greater number of customers, since they are widely available in any part of the world. The profits will, however, be limited to those sales from your own actual pizza shops.
Another option for startup funding is to obtain small business loans. The Small Business Administration is a source for funding that many new business owners use when starting their own business. There are, however, some loan requirements that you must fulfill. Most importantly, your pizza shop must be at least 2 years old. Your business plan should be submitted to the SBA as part of the startup funding process.
Prep tables and ovens are also part of your pizza shop startup package. Ovens must be placed on the premises, which may require construction permits and insurance. A pizza shop may need additional equipment such as pizza ovens and pizza delivery carts. If you are starting with a limited budget, you may need to cut down on costs in other areas to make ends meet. You will also have to determine which of your prep tables and ovens will be purchased.
As your business begins to gain momentum, your pizzeria will need to increase its floor space to accommodate growing numbers of customers. In order to do this, you’ll need to purchase a table and counter space for the pizzeria. Folding carts and other equipment can quickly improve your bottom line. Once customers have stopped ordering off of the pizza delivery truck, you can consider adding deli food to your menu. This will allow you to expand your pizza menu, while also offering added value to your customers.
Other items you can add quickly to your pizza shop menu are bread sinks, pizza pans, and cutlery. A pizza business requires a large variety of utensils to prepare a variety of toppings, and your employees will appreciate having a nice looking dishwasher nearby. Many franchise companies offer these tools and much more to assist your pizzeria in quickly establishing itself in the local market.
Running a pizza shop requires careful planning and execution. You should conduct thorough research into the demographics in your local area. You should determine the best types of advertising methods that will attract new customers and retain existing ones. The service style of your pizzeria will play a vital role in how successful your business will be.