I want to start a fast food company, I'm not sure how to start, I plan on going to food festivals and building a customer base. Is this a good idea?
My assumption is that fast-food chains begin as restaurants in a single location. Then, if they're successful, they expand – with or without franchising.
Honestly, I know next to nothing about running a business in the food industry. But I can help you with 1 important first step: creating your brand, choosing a name, and obtaining the matching domain.
A single-location restaurant might get by with a clunky domain or a brand name that isn't unique at a national level, as long as customers can find their building. However, if your goal is to expand beyond that 1 shop, then branding and the internet will be especially important.
I think it would be best to take a step back first of all! The passion is good, but you need to have a product that your customers enjoy, and then build your customer base.
Start at farmers markets, festivals, etc. and listen to your customers. See what they like, see what they don't like. If there's success there, maybe find a brick and mortar location where you can start your first restaurant.
It's a tough road, and it takes a lot of time. But if you stick with it, you can do it!
The first step to starting any business is validating the idea. Depending on what you're planning to make, ask around and see if anyone is already interested. And if it's not too costly/time consuming, absolutely make something and test it at the food festivals. Important thing is to keep testing until it's clear that your customer base is getting larger. Good luck!
You can start a fast food company in ur locality but first you need to understand the local fast food evironment, feasibility, competetors and how they work. If you can find a loophole in that market you can use it to your advantage to create a company.
E.g: in our locality we had roadside fast food sellers who sell at a low cost and luxurious fast food restaurants who sell food at a premium rate. Here there was a shortage of normal vendors in fastfood who sells food at reasonable cost with quality and clean mainataince. So with my consulation 4people started a fast food comapany and they are earning profits.
If you want any clarification or any inputs ping me
If you've been able to validate your idea by going to food festivals and building a customer base (ideally by serving and *charging* for the food you intend to sell), consider starting with a pop-up or food truck in order to further validate your idea and keep you startup costs low. If you can make money with your food truck, you should be able to either bootrap your way or raise a small round of money in order to launch into brick and mortar. Good luck!