From kids to old-aged people, everyone loves ice cream. The ice cream craze is so much that an average American consumes 23 pounds of ice cream every year and this number is increasing day by day.
Companies make millions of dollars every year by just selling ice creams which shows that the ice cream business is very profitable and anyone can make a lot of money by starting it.
In this article we will discuss a proper business plan on the ice cream making business. So a lot to know, a lot to discuss and without wasting any time let us now begin.
Business Plan to start an ice cream making business
A proper plan is required to run a successful food business. So, first of all, let us discuss the resources you need to start an ice cream-making business.
#1 Raw materials required for making ice cream
Let us know the things used in making ice cream which are:
3) Dry Fruits
5) Added Flavour
7) Vegetable oil
9) Baking Powder
10) Vanilla Or any other essence
#2 Cost of ice cream making machine
Machines are necessary for making ice cream. On a small scale, you need to buy a machine with a capacity of making 10-20 liters of ice cream per hour, which will cost you about $4785-5241 in the United States or Rs 2,10,000-Rs 3,00,100in India.
On a large scale, since you will buy ice cream-making machines in bulk, the cost per machine (with the above-mentioned capacity) will reduce to about $3700-$$4300 in the United States or Rs 1,40,000-Rs 240,000 in India.
You can check the latest price of an ice cream making machine from Indiamart or ved engineering
#3 Land and Building for ice cream business
If you are starting a small-scale or home-based ice cream business, then you can easily start it in an area of about 1,110-1,700 square feet. You can also start it in a very small area, but please do not go below 700 square feet.
But in a large-scale ice cream business, you need a proper area to store all the raw materials,freezing machine, etc., So you need at least an area of about 11,100-14,200 square feet to start a large-scale ice cream business.
#4 Workers for starting a ice cream business
The taste of ice cream is all about the skill of the workers. They play a very important role in its taste.
Talking about a small-scale ice cream-making business, you need to hire at least 2-3 workers to manage the supply of raw material, to manage delivery, to manage suppliers, consumers, your website, and stuff like that.
On the other hand, on a large scale, apart from the above-mentioned workers, you need to hire skilled workers for making ice cream and some other workers to clean and manage your organization.
Apart from that, you have to bear the cost of electricity and water in your organization.
#5 Domain and web hosting
Since in the 21st century, it is necessary to switch any business online, so you need to buy a good domain name and web hosting for your ice cream business.
How to reduce the cost of starting an ice cream business
Efficiency and effectiveness are one of the best ways to reduce the cost of any business. You can save a lot of money in ice cream manufacturing by hiring well-skilled workers.
I know that hiring skilled workers will be a little bit costly, but they will do all the work on time and also do minimum wastage of raw material and other resources, which in the end, reduces the cost of production per litre of ice cream.
Apart from that, if you have good negotiation skills, then you can save a lot of money by negotiating on the prices of raw materials of ice cream like flour,ice, added flavor, milk etc.
Cost of starting an ice cream-making business
If you want to do ice cream making on a very small scale, the cost of starting will be about $7,100 in the United States or Rs 3,00,000 in India. It includes everything from the cost workers raw material, machines, etc., which you bear for making ice cream.
If you want to set up a large business making ice cream or ice cream making. In this, you need an area of about 11,200 feet, and apart from this, you will also have to take some machines like Bill Cleaning Machine, ice cream making machines,Packaging Machine, etc., to set up this business.
After that, you need to spend some money on domain and web hosting and also need to pay workers monthly for making ice cream.
Talking about it, it will cost you about $274000- $381200 in the United States or 90 lakhs to 1.47 crore in India rupees to set up this business.
Apart from that, you need to bear the working cost of making ice cream which includes the cost of rent and workers per month which depends on the area so arrange it accordingly.
How to arrange funds for the ice cream-making business?
On a small scale, you can use your own savings or may take help from various schemes of the government to start the ice cream-making business.
But in a large-scale ice cream business, your personal savings will not be sufficient, so you have to take funds from an investor (if you do not bother sharing profits) or need to take a bank loan to arrange funds.
In my personal opinion starting a small scale business, whether it is ice cream making or corn flakes making, recycling business or any other business, is straightforward because, on a small scale, a person does not require enough funds, does not have to fulfill any legal obligations, and also does not have to pay huge taxes to the government.
How to advertise an ice cream business?
Look, today’s generation needs taste and perfection. They can pay a lot of money for good taste. So, in my opinion, you should make your ice cream the best before advertising.
After that, advertise your ice cream-making business on various social media platforms like Twitter, Facebook, and Instagram. These platforms give you the facility to serve targeted ads to people near your area which helps you to achieve initial growth in your ice cream business.
After advertising, give the best ice cream to customers at affordable rates so that they will never go to others and become loyal towards your organization.
Profits in the ice cream making business
Now is the time to talk about profits in the ice cream-making business. To make profits, first of all, you have to build a loyal customer base; after that, you need to provide the best ice cream to them. After two or three years, more and more people will come to know about your ice cream, and your company will become a brand.
At this point, you can easily make $1,110,000 per annum in the United States or Rs 4043 crore in India. Do not expect any profits for the first two to three years and instead focus on providing the best and tasty ice cream.
Now comes the time to summarise this whole article.Almost everyone in this world likes ice cream. An average American consumes about 23 pounds of ice cream every year, so starting an ice cream-making business could be very much profitable.
To start making ice cream on a large scale, you need some raw materials like flour, milk, cream, dry fruits, etc., a proper place of about 11,200 square feet, some workers good in cooking, an ice cream-making machine, a domain, web hosting, and other resources.
On a very small scale, the cost of starting will be about $7,100 or Rs 3.1 lakhs, whereas, on a large scale, the cost of starting will be about $2,90,000 or Rs 1.47 crore. Also, the cost of maintenance or working capital will be very high.
For arranging funds in a home-based ice cream business, use government schemes, bank loans, or investor funds if you do not bother sharing profits.
After two to three years, a person can make a handsome amount of money from the ice cream-making business.
In conclusion, we can definitely say that taste is necessary to make money from ice cream. So work on taste in the ice cream properly if you want to become rich.
With this note, it is time to end this article, and as always, God Bless You All.
Frequently Asked Questions
How much area is required to start a large-scale ice cream business?
An area of about 11,000 square feet is required to start a large-scale ice cream business.
How much money is needed to start a small-scale ice cream business?
If you want to do ice cream making on a very small scale, the cost of starting will be about $7,100 in the United States or Rs 3,00,000 in India.
How much does the ice-cream making machine cost?
A machine with a capacity of making 10-20 litres of ice cream per hour, will cost you about $4785-5241 in the United States or Rs 2,10,000-Rs 3,00,100in India.