- Travel, Lifestyle
With a boom in the Digital world, Food and Beverage industry seems to be making its own lane of success in the business. People are growing more experimental when it comes eating, the industry is attracting investors and business owners coming from homegrown and international brands alike. The food and beverage industry has grown and evolved during the past decade, causing an increase in the F&B offerings and innovative services. F&B Brands from all over the world are looking for various expansion opportunities. With a right approach and strategic planning, F&B franchises are bringing in high revenues.
Consumer taste and preferences are ever changing and driving the industry towards more authenticity and innovation. Greater exposure to international foods and flavours such as korean, Indian, African etc. are rising a wave of global cuisines. Consumers today are more experimental and inclined towards exploration. F&B operators still need to maintain the quality and authenticity of their products whilst engaging customer through various offers and training their staff to gain expertise in respective customer preferences.
Are you looking to invest in F&B industry? then have a look at few of the reason why you should invest in F&B franchises:
1. Owning an F&B franchise can be beneficial in terms of big business network.
2 F&B franchises are more likely to succeed than a startup initiative.
3. Even if you're new to business, you don't need to worry as franchisors provide the complete market analysis and training to operate.
4. As a franchise have an established market image and proven work practices, you can also have access to ongoing support.
5. You might find it much easier to generate finances for a trusted franchise than a new business.
The global F&B industry is growing at around 5% a year and expenditure on food products is expected to rise up to $29.2 billion in 2018 to $36.5 billion by 2023 at a compound annual growth rate of 4.5% for the period of 2018-2023. The F&B franchise industry is the largest and continuously successful sector of franchising. With less time available to cook, more and more people opt to eat out. The demand in the Food business is all time high. Even in uncertain economic times, food and beverage industry is one of the sector that is least affected, which makes it a secure business to invest.
Despite the industry's robust popularity, F&B business makers cannot just depend on recurring customers. Constant improvements, keeping up with the trends and continuously looking out for beneficial opportunity is necessary stay in the market and cope with cut-throat competition. Food is a necessity. Investors and business owners consider the F&B industry very less likely to go out of business, if ever. Any doubt? Contact Us!
- Travel, Lifestyle
The emirates is known for various things, attracting millions of tourists with its extraordinary infrastructure every year and emerging as a hub for tourists, UAE is developing at an unbelievable pace in the tourist and trade sectors especially. Importance to food security and its diversity, the F&B sector is considered amongst the top strategic sectors of UAE. The Arab Emirates have been developing on an unbelievable pace. Dubai's international strategy 2030 has considered the F&B sector as one of the 6 focus sectors. UAE prides of a large number of F&B manufacturing units totaling around 575 units with a total investment of 39.5 Billion AED. F&B offers excellent global opportunities for exporters particularly in emerging markets due to a growth in formal trading as urbanization expands and a rise in purchasing power. According to a research, more than 60% of UAE population goes to eat and drink to the malls and eateries. If not the stats, here are few major reason why dubai’s F&B market could be the best location to invest in:
Uncomplicated Licensing: The emirates has very easy business registration and licensing procedures. You can choose to form a company as a Limited Liability Company, Free Zone Company, Branch of a local company or branch of a foreign company. The type of company you would invest in depends upon your business plan and the execution model.
One of the top Tourism Hub: People from all over the world visit the emirates for business and exploring the various attraction spots. Many expatriates settle here because of which its a multicultural mix of population. Consequently, the demand for multiple cuisines has risen up. There are always some sort of festivals going on to attract the travellers as well. Which is one of the most lucrative and profitable factor for F&B operators.
Free Zone Areas: The free zone areas in UAE provide favorable locations and economic policies like exemption from Tax and other duties to foreigners. This is mainly to attract locals and foreign investors to set up their business in the emirates. The multicultural population and tax free zones are a clear pathway to start a new venture or setup chain restaurants in Dubai and other UAE cities.
Import Opportunities: The emirates are barren desserts which inclines towards heavy imports in the country. Any business F&B business can thrive in the country because basic necessities like food commodities are being imported.
Famous restaurants at every nook: There are various famous restaurants which come under the list of must visit in UAE. Such famous exposure to brands makes it a chain of franchising opportunities which could be easily set up and run due to their brand name. From various cuisines like Indonesian, Indian, japanese to Indian, UAE is brimming with F&B franchise opportunities.
The F&B industry in UAE is growing at an unbelievable pace, so is the competition in the industry. To stay afloat and keep up with the rising demand, Long-term business plan and Strong execution strategies are mandatory. Looking to expand or invest the UAE? We will guide you through the process. Contact us!
- Travel, Lifestyle
The biggest challenge in F&B industry comes while designing the outlet, kitchen, bar etc. We are here to boggle our brains in execution& supervision for interior design, kitchen / bar setup & equipment assistance. From getting the righ