A Unique Idea: Start a Cooking Oil Filtration Business
Business Overview:
If you’re looking for a small business venture that will allow you to make a huge impact on the environment, you should start a cooking oil filtration business. There are tens of thousands of fast food restaurants in the US alone, hundreds of thousands worldwide. The majority of these restaurants use cooking oil for french fries and other fried menu items. Add to that the thousands of other types of restaurants that offer fried items on their menus. This turns into a major environmental issue when these restaurants generate tons of waste oil. A business that cleans the oil and properly disposes of the waste material offers an eco-friendly solution that eating establishments will gladly pay for. They’ll also appreciate benefits such as an improvement in their food quality, a reduction in liability and reduction in frying costs. As the business owner, operating a green business also makes you eligible for government tax incentives. As you can see, green business ideas offer many benefits to both the recycling business and the customer. When starting an oil filtration business, you must decide if you want to purchase a franchise. This option will be more costly at first but it comes with equipment, marketing assistance, a protected territory and a list of clients. You can start with one truck or van and as your business grows, you can add vehicles to your fleet and increase the size of your staff. Another advantage of running a business like this is the residual income you will receive from your clients since you will need to perform oil filtration at their restaurants on a regular basis. In addition to advertising on your vehicles, consider placing ads in the phone book and executing a direct mail campaign to area restaurants explaining your services. You can also market your services to area schools. Securing a contract to service all the schools in a district is a great way to increase profits. Once you get a few clients, word will spread among the restaurant community and you likely need to scale up your business in order to handle the demand.
A Day in the Life of a Cooking Oil Filtration Business Owner:
Your day will begin with a check of your appointments. You or your staff will travel to restaurants and perform your oil filtration service. When you are not working at a restaurant, or if your staff handles those duties for you, you will spend your day marketing your business around town.
About Your Customers:
Your customers will be restaurant owners and managers needing oil filtration services. You may also have schools on your client list.
What You Need to Start:
- Oil filtration equipment
- Van or truck
- Marketing plan and materials
- Staff (optional)
- Computer with finance software
The Good:
- The demand for this type of business is huge.
- You will earn residual income from regular services.
- You do not have to have a storefront for this business.
- Green businesses are eligible for tax incentives.
- Franchises are available to help you get started.
The Bad:
- Start-up investment is high.
- If you don’t purchase a franchise, it can take some time to build your client list.
Resources:
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