Catering Service Success Stories [2024]
Catering has a ton of money-making potential. If you're interested in starting your own business, you may want to consider opening a catering company. There are a lot of reasons why you might want to go with this. You can choose who you work with and where your services will be offered. You don't have to worry about finding customers, as they will come to you.
You'll require some initial capital to purchase some equipmentโnamely, pots and pans for cooking, as well as plates, cups, and utensils for serving food. You may also want to invest in a small refrigerator or cooler for storing perishables.
For your catering business, youโll also need to hire staff who will perform multiple operations for you such as cooking, serving, cleaning, etc.
In the beginning, youโll need some contacts like your friends or family at whose family or corporate events you can serve. If you manage to offer quality services your clients will refer you to their acquaintances and your business can grow on word-of-mouth advertising. Also, you can consider investing in social media marketing to reach your local audience at a low cost & in a short time.
In this list, you'll find real-world catering service success stories and very profitable examples of starting a catering service that makes money.
1. Spork Bytes ($3M/year)
After experiencing the repetitive and mundane office lunches, Tim Taylor and Chris Diamond decided to create Spork Bytes, a catering delivery service that partners with local restaurants to provide delicious meals for offices in Portland, Oregon. With a focus on quality and convenience, Spork Bytes has grown to partner with 60 restaurants and achieve an annual revenue of $2 million in 2018, projected to exceed $3 million in 2019.
How much money it makes: $3M/year
How much did it cost to start: $15K
How many people on the team: 7
Learn how Spork Bytes, a catering delivery service, addressed the problem of monotonous office lunches by partnering with local restaurants, resulting in annual revenues of $2 million in 2018 and an anticipated growth rate of 50% in 2019.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
