Do you want to start a profitable corn roasting business of your own? And looking for advice and basic guidance? Here in this post, we put every detail for starting a profitable corn-roasting venture with a small investment.
Corn roasting is a profitable and lucrative low-cost venture. And any individual can start this business on a full-time or part-time basis. However, the business demands proper planning, the right equipment, and good promotion. Roasted corn is ready-to-eat food. Additionally, you can offer various creative foods to your consumers. It is a popular snack item throughout the world.
What is a Corn Roasting Business?
A corn roasting business involves the preparation and sale of roasted corn as a delectable and popular snack. This venture typically centers around the art of roasting fresh corn on the cob and offering it to customers with a variety of seasonings and toppings. The enticing aroma of roasted corn, coupled with the savory and smoky flavors, makes it a sought-after treat at fairs, festivals, markets, and other events.
Is Corn Roasting Business Profitable?
According to industry reports, the global roasted corn market has shown steady growth in recent years, As per a report from IMARC Group, the market is expected to reach US$ 4.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.86% during 2024-2032.
However, the profitability of a corn-roasting business can be influenced by various factors, including market demand, location, operational efficiency, and the ability to attract and retain customers.
12 Steps to Start Corn Roasting Business
1. Understand Your Market
Before you fire up the roaster, conduct thorough market research. Identify your target audience, assess competitors, and understand local regulations related to food businesses. Determine whether there’s demand for roasted corn in your chosen location.
2. Create a Business Plan
It is important to craft a business plan prior. First of all, decide the size of your business. Because every other thing depends on this factor. Determine your business objective and mission statement. Determine your target demographic and how you will reach them. In addition, create a detailed financial plan including rent, machine purchase, staffing, operational cost, and marketing expenses. A well-thought-out plan will serve as your roadmap and help attract potential investors or lenders.
If you want to start your own profitable corn roasting business successfully, we recommend you to read the book ‘How to Start a Corn Roaster Business. This book provides a complete detailed guide that shows you step-by-step how to make money selling roasted corn.
3. Legal Compliances
As you are dealing with the food item, it demands to license. Check your state law. And of course, register your business. Generally, you will need to check the food processing and health department for licensing. Additionally, consult with the local small business consultant about the tax liabilities of your business.
4. Name your Corn Roasting Company
Choose a catchy and memorable ‘Name’ for your corn business. An attractive name not only helps contribute to the overall brand personality but also takes a useful role in fetching extra customers. Check our detailed guide on the steps to follow to name a business.
5. Arrange Funds
According to the plan, you need to arrange finance. You can borrow cash from friends and relatives. in addition, you can apply to a bank for a loan. Angel investment is also a very good option for this type of business. However, you can also accept equity capital investment by having business partners.
Related: How To Raise Small Business Capital From Investors
6. Select Location
You will need to secure a good retail location. A location that attracts your target consumers. This is one of the important considerations of this business. You can go to the shop-in-shop model. Otherwise, you can start with a small kiosk. Corn roasting businesses are commonly set up at outdoor events, fairs, carnivals, farmers’ markets, and other high-traffic locations.
7. Buy Corn Roasting Equipment
Procure the essential equipment for running your corn roasting business. Depending on the menu and size of your business, you will need to procure the roasting machine and other equipment.
A roasting machine is an important thing in this business. Because a good and effective roasting machine can only deliver quality products.
Check your nearest market and buy a corn roasting machine or you can buy it online from Amazon.
8. Create a Menu Card
Select the menu carefully. You can offer only roasted corn. Additionally, you can offer other delicious snacks with roasted corn. However, it will enhance your profitability. Because value-added food items generally fetch more profit than one single product.
9. Procure Raw Materials
You will need to ensure a consistent supply of fresh corn in your store. And you can only make good food from good quality fresh corn. If you want to offer other foods then you must arrange the ingredients for that.
10. Staffing
You will need to employ employees. Even a small shop attracts different types of work responsibilities. Such as preparing the food, delivering, taking payments, etc. So plan carefully for the staffing solution. In addition, in any retail business, employees play an important role in the overall success of the business.
11. Pricing
Try to offer competitive pricing. In this business, different products attract different price tags. In addition, you can offer different pricing for small and large quantities.
Related: How to Price a Product
12. Have a Promotional Plan
In this type of business, in-store branding is important. Place attractive signage. If possible, maintain a specific uniform with your company name and logo. Create a professional website and utilize social media platforms to showcase your offerings. Share enticing images of your roasted corn and engage with your audience.
Partner with local events, fairs, and markets to set up stalls. This can expose your business to a broader audience and create opportunities for collaboration.
Additionally, think about doorstep delivery – if possible. If there is a food delivery eCommerce company, make a tie-up with them. You can expand the business by offering a franchise of your brand.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.
