How to start an ice cream business in India at Low Investment
This summer are you looking for a new business, then you are in the right place. In this blog, I am going to share an amazing business Idea that gives you massive success in the summer. Not only in summer after that also you can make money from it.
Ice cream business is one of the amazing business ideas which you can start with very low investment in your local area or your nearest town. This is pretty much easy to do along with that it gives you good profit.
In this business article, I am going to share detailed information about the ice cream business that how you can start it, and how to make a good profit from it.
Already lots of people successfully done this business and they all are earning a good amount of money. It is a proven low investment but good income-earning business Idea.
Ice cream business, yes you heard it right
The ice cream business is an amazing growing business of today’s world or in India. Everybody loves ice cream. No matter he or she is a child, adult, or elderly person. People love to eat this with their loved ones or with their family or sometimes with friends.
How big ice cream industry is?
The global ice-cream market size is $ 65.8 billion as of 2020. It is one of the most favorite desserts in the global market. In India also ice-cream is a very demanding product. In India, ice cream has a market size of $3.4 billion. And day by day it’s growing.
In India there are lots of famous ice cream brands are operating. Most of them are earning a good profit. So it is the right time for you to start an ice cream business in India.
So in this blog, I will give you complete information about how you start this business and make a huge profit. So please read the complete blog to understand it properly.
What is ice cream?
Ice cream is a sweet frozen food, which is mostly eaten as a snack or dessert. It is generally a mixture of milk, cream, sugar, Flavorings agents, colors, and other ingredients. It has been in the market since 100+ years ago. But people start using it on a large scale from the refrigerator was invented. In older days it is only available in a cone shape but now it is available in many shapes like a bar, bowl, and bucket size. Generally, it is mostly eaten in summer or hot days but some people eat it at any time of the year.
What is the future of the ice cream business in India?
The ice cream market in India grows at 17.03% CAGR. It grows continuously day by day. Nowadays ice cream is a very common product in every home. In older days people think that it is a child product. But now everyone loves it irrespective of their age. So many people always eat ice cream after having launch or dinner.
Especially children are more attracted towards it. They are the most potential customers of it. But nowadays the adults are love to having it. It is now available in small shops and is also in big restaurants. There are lots of ice cream-only shops in the market that only sells ice cream and make a huge profit every year. In summer or the hot day, its sales are growing up very high. So if you are planning to do this business then you can make a huge profit from it.
How to start an ice cream business? 5 steps to start an Ice cream business in India
1. First you need to decide what type of business you want to do. For example, you can open your own permanent ice cream shop, you can open a franchise shop, you can run an ice cream truck, you can run cloud ice cream shops. So first you need to decide on one.
2. Secondly, you need to register your business as a private limited or one-person company. You need all documents, FSSAI license, GST numbers, etc.
3. If you want to start an ice cream manufacturing business then you need the raw materials. You have to buy good quality raw materials for producing good quality ice creams.
4. If you want to deliver it to homes then you need to collaborate with food delivery apps like Zomato, Swiggy, food panda, and others. Or also need a website to show the products to the customers.
5. Fifth you need to select a good location for your business. You need to select a location that so many people come there and you will be easily noticeable.
what are the raw materials need for the ice cream business?
Now in making ice cream you need lots of different raw materials. And also various ingredients and different recipes that people are going to love. You need to use good quality raw materials to produce good ice creams. There are the list of raw materials you need to start an ice cream business,
- Milk
- Cream
- Butter/ butterfat
- Milk power
- Sugar
- Flavorings
- Approved additives
- Eggs
- Chocolates
- Eatable colors
What machinery required for the ice cream business?
To make ice cream you certain types of machines. There are two types of machines that are used. One is the condenser and another one in the freezer. The condenser machines first make the ice cream and to store it you need freezing machines. The price of a condenser machine starts from 30,000 Indian rupees and the price of a freezing machine starts from 10,000 Indian rupees.
What location perfect for your ice cream business?
Selecting a proper location is very important for any business. For the ice cream business also you need to select a proper location depending on your type of business.
If you start a manufacturing business then you need a location where electricity is available, transportation is good, raw materials are easily available, manpower is cheap, etc.
Or if you want to start a shop then you to decide a location where a large number of people comes regularly. For example in a market or a shopping mall.
What are the types and shapes of ice cream you can make or sell?
There are different types of ice cream available in the market. So if you are going to start an ice cream business then you need to know all the types. So the types are,
- Hard ice creams
- French ice creams
- Light ice creams
- Organic ice creams
- No sugar ice creams
- Lactose-free ice creams
- Gluten-free ice creams
The different shapes of ice creams are,
- Ice creams cones
- Ice cream sticks
- Ice cream cakes
- Ice creams buckets
- Ice cream floats
How much investment do you need?
It depends on the types of your business. If you are going to the manufacturing business then you need around 5 lakh to 10 lakh Indian rupees. And if you want a franchise shop then you need 10,000 to 30,000 depending upon the fees of the franchiser. Or if you want to start your shop then you need 50,000 to 2 lakh Indian rupees depending on the locations.
What kind of Licenses & Registration required for the ice cream Business?
1. For the ice cream business first you need to register your company as a one-person company or a private limited company.
2. This is a food business so you need an FSSAI license. It is the most important license that you need. For this license visit, https://foodlicensing.fssai.gov.in/index.aspx
3. You need to do resister your company name and need a trademark on it.
4. And most important you need a GST number. For this, you can visit https://www.gst.gov.in/
5. If you want to do a franchise business then you need to take a license from the owner.
How much profit you can make?
The profits in the ice cream business depend on so many things. Like your time, location, types of ice cream you make or sell, how is the taste of your ice cream, etc. But in general, you can make 50,000 to 1 lakh on summer days. This is the average income among most of the ice cream shops. But in the winter season, it may be a little bit low. But in future ice cream business have very good potential.
Conclusion
Icecream business is a very good low investment but profitable business. You can start it alone or with your friends and family.
It can start giving you profit after one or two months from starting.
It has a bright future in India. Just you need to do one or two months of dedicated hard work.
So if you thinking to start a low-budget business but a good income business then you can think about it. Believe me, you make a profit from it.
Written by Jyotirmoy Choudhury.