Kiosk Business: Why Should You Open One?

//Kiosk Business: Why Should You Open One?

Let’s talk about the kiosk business, and for that, we are gonna talk about BurgerFi first. BurgerFi is a fast food chain spread in more than 21 states in America. If there is one near you, you already know it is casual and not really like other fast food restaurants.

kiosk business

In order to improve their services, and to keep the accuracy of their self-designed burgers, BurgerFi is testing kiosks.  They have been testing kiosks at the North Palm Beach, Florida locations. The CEO Corey Winograd said that “order accuracy is really a major reason”. They are preparing  to expand tests this year.

Starting a Kiosk Business

BurgerFi is not trying kiosk for no reason. They are doing that because this could be the future.

kiosk business

The costs of opening a business in a permanent location can be absurd. You may spend over $100,000, depending on what you are thinking about opening. For that reason, kiosks, and temporary spaces might be a lot easier to open. It is also the easiest way to get started.

Investment

The ranges for opening a kiosk could be from $2,000 to $10,000. It all depends on the kind of business you will open. Whether it is a franchise or a brand new business, kiosks are a $10 billion industry.

Flexibility

We can start by saying that license agreements are usually shorter, and, depending on the location, it can be renewed every month up to a year.

kiosk business

Which means you could possibly try out and see if it works, check the place, products. Try different location until you find the best one for your type of business.

Options

You could open a kiosk business in different places. A permanent location in a mall, for example. You could buy a cart upfront or lease one. Another good option is the use it at outdoor events and street corners.

The cheapest way to start is for sure renting for a short period of time. That way you can see how it goes and decide whether is profitable or not. In North Palm Beach, Fla., for example, you might spend at least $600 per week for rent. It all depends on the location and product. Leasing on a mall could cost you at least $800 per month. Some malls also charge a percentage of your sales.

Don’t Lose Focus

In order to choose a good location you need to focus on one thing, and one thing only. Your target audience. Kiosks business are specific types of businesses that are made to get the service or product closer to the client. So, before anything, identify your target costumers and only then, think about opening and starting a kiosk business.

kiosk business

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2018-01-24T15:11:41+00:00 October 31st, 2016|Entrepreneur|

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