The Benefits of Starting an Ice Cream Shop Business
Benefits of Starting an Ice Cream Shop
The Benefits of Starting an Ice Cream Shop
Want to start an ice cream shop?
If so, you probably already know that there are some great benefits to starting an ice cream business!
Chief among them is ice cream’s colossal popularity – among every age group, culture, and sub-culture.
Yay for Ice Cream!
Americans consume about 23 lbs. of ice cream per year! That’s about 2 lbs. every month for every man, woman, and child in the United States.
Additionally, ice cream has outlasted every fad – from diets to healthy living for the last 100 years. People love ice cream. I would be willing to bet that ice cream’s appeal will last another millennium.
So, if you are thinking about starting an ice cream business – and are currently sitting on the fence about it, I’d like to point out a few of the benefits of starting an ice cream business.
Who Doesn’t’ Love Ice Cream?
It’s hard to find anyone who doesn’t like ice cream.
According to the International Dairy Foods Association, ice cream is an $11 billion industry in the United States and supports over 26,000 jobs. That’s a lot of jobs.
Some of our earliest memories of our childhood revolve around ice cream. Among my earliest memories is dropping three large scoops of ice cream in a parking lot when I was five years old, and I’m still traumatized!
Ice cream does something to our brains. (I’m not talking brain freeze!) I mean, our brains seem to be pre-programmed to love the sweet coolness and the velvety texture of ice cream. And the fact that it comes in nearly every flavor imaginable, there are very few palates ice cream can’t satisfy.
So, with that said, let’s talk about the benefits of starting an ice cream business. After all, what’s better than having ice cream than making money from selling ice cream?
Benefits of Starting an Ice Cream Shop
Benefits of Starting an Ice Cream Shop Business # 1
Ice Cream is a High Demand Product
According to Mordor Intelligence, ice cream sales have grown steadily and are expected to grow 3.1% in 2021.
Like all other products, demand for ice cream fluctuates from time to time, especially with intense competition from other snacks and substitutes. Manufacturing declined by a fraction of a percentage but is expected to turn up in few years.
In 2020, ice manufacturers saw increased retail sales due to people seeking comfort and minor, relatively inexpensive indulgences.
Demand for ice cream is highest during the late Spring and Summer months, with July being the busiest time for manufacturers. This means that starting an ice cream shop can be a profitable business.
Benefits of Starting an Ice Cream Shop Business #2
Ice Cream is Fun
Starting an ice cream business can be fun! I mean lots of fun!
After all, if you have the choice between starting a fun (and profitable) business or another business that makes you want to tear your hair out… do I need to ask which one you would choose?
The truth is that ice cream brings out the fun in everything – from our tastebuds and attitudes. While every ice cream business is not guaranteed to succeed, you are assured that you are starting with a product that everyone loves.
Benefits of Starting an Ice Cream Shop Business # 3
You Can Diversify Your Business Concept
There are countless different ice cream business concepts, along with the thousands of flavors that ice cream offers. Along with that comes many different potentially profitable ice cream shop business ideas.
I am confident that you will find an image that works for you and your community between the flavors and business concepts.
Your ice cream concept will have to fit your particular target market. Perhaps, your call is in a high-end retail area or near a city park or point-of-interest. Whichever concept you decide, that opportunity is there for you to succeed.
Benefits of Starting an Ice Cream Shop Business # 4
You Can Appeal to People of All Ages & Cultures
Ice cream appeals to people of all ages and cultures. Unlike starting a coffee business or a bar, ice cream is a family business that appeals to people between 0 and 109.
Additionally, it does not matter the culture, ethnicity, or religious background. People of all cultures cherish ice cream.
The limitless number of flavors would be appealing to anyone with even the pickiest tastebuds.
Benefits of Starting an Ice Cream Shop Business # 5
You Are Working with a Straightforward Business Concept
What I like about ice cream is that it has a straightforward business structure. People understand ice cream. They know and understand the appeal of ice cream.
The challenging part of building a successful ice cream business is to find the right concept to fit the customers you are trying to serve.
This is similar to starting a coffee shop because you have to understand your target market.
Ice cream – and having an ice cream business – can be simple. There are no traps, tricks, or surprises. Once you generate an ice cream shop business plan – you stick to it. There isn’t a need to complicate it.
Benefits of Starting an Ice Cream Shop Business # 6
You Can Socialize With Your Neighbors
Ice cream is a very social activity. We’ve all heard of the “ice cream social” get-togethers common in earlier generations. Indeed, even today, people love to get together and go out for ice cream.
Owning an ice cream shop in your neighborhood means that you will be able to socialize with your neighbors – and get paid for it.
As an ice cream shop owner, you can bring people together from all ages and backgrounds. At an ice cream shop, you’ll find customers young and old, students or professionals, families or couples on a date.
When it comes to ice cream and socializing – there’s no limit.
Benefits of Starting an Ice Cream Shop Business # 7
You Have an Opportunity to Make a Profit
An ice cream shop offers its owners the ability to make a profit. Specialty or gourmet ice cream enjoys high profit margins.
The benefit of generating revenue and making a profit is an appealing benefit that most ice cream shop owners love to hear! Whether you start small or go big, your ice cream shop can be profitable.
Benefits of Starting an Ice Cream Shop Business # 8
You Have the Power to Build up Your Community
Every city, town, and neighborhood should have a bank, post office, grocery store, café, and ice cream shop! Of course, in reality, you will want to look at the demographics before choosing a location. I am saying that an ice cream shop can be a significant and family-friendly place to open a coffee shop business.
Benefits of Starting an Ice Cream Shop Business # 9
You Get To Be Your Own Boss
You may like your boss, and your boss may like you. But your boss has a different plan – to make money for the company.
When you own your ice cream shop, you take your future into your own hands. Therefore, being your boss can be incredibly liberating, with a broad spectrum of opportunities for your present and future. Of course, being your boss isn’t necessarily suitable for everyone. But if you like the idea of controlling your destiny, steering your ship, and reaping the benefits of having your own business, then opening an ice cream shop might be the ticket for you!
Benefits of Starting an Ice Cream Shop Business # 10
You Can Create Something Unique and Special
Starting your ice cream shop provides you with the unique opportunity to build something exceptional. By going down the path of ice cream entrepreneurship, you can unleash your creativity. This makes owning and running a coffee shop truly different and worthwhile.
Related Questions:
Is opening an ice cream shop profitable?
Yes! Opening an ice cream shop can be very profitable. But your overall success depends on a multitude of factors. These include your sales numbers, your price points, and your costs.
What type of ice cream business should I start?
The good news is that you have plenty of different ice cream business concepts to consider. The most important thing is to look at where you plan to open and who your customers will be. You want to ensure that the ice cream shop concept you choose matches or appeals to your target market. The ice cream shop business spectrum can vary from a brick-and-mortar business, to an ice cream drive thru, pop-up, to a mobile ice cream business.
Is it expensive to open an ice cream shop?
The cost of opening an ice cream shop varies. Depending on your location and concept, your costs will be determined by your location’s size, equipment and installation, inventory, utilities, and labor. If you decide to open a mobile coffee business, you could save a lot of money with remodeling expenses. When you have built up your ice cream brand and experience, you can then turn to opening a brick and mortar business.
Benefits of Staring an Ice Cream Shop
If you are thinking about starting an ice cream business, we’re here to help. We aim to be the most in-depth source of information for aspiring coffee shop owners.
Sources:
https://www.idfa.org/ice-cream-sales-trends
https://www.mordorintelligence.com/industry-reports/united-states-ice-cream-market
