MAKING HONG KONG WAFFLES AS A PRESCRIPTION BUSINESS
Hong Kong waffles have recently appeared on the fast food market, but they are already popular, especially among young people. The fast food market as a whole has shown good growth in recent years, so opening a Hong Kong waffle point of sale can be a profitable business that even a budding entrepreneur with little investment opportunities can handle.
WHY ARE HONG KONG WAFFLES POPULAR?
The sale of Hong Kong waffles belongs to the segment of street fast food, the so-called “street food”, the essence of which is to prepare a dish right in front of the client’s eyes. Hong Kong waffles have spherical bumps that are filled with various fillings: chocolate, fruit pieces, cheese, and more. The finished dish can be served rolled or folded in half, as well as more complex designs by adding different fillings. It looks very impressive and will allow you to diversify the menu with various sweet waffles and waffles stuffed with salted cheese, ham and vegetables.
The business of making and selling Hong Kong waffles is still very young, so competition in this segment of the fast food market is still low, which makes it very attractive for entrepreneurs with small capital.
EQUIPMENT AND ELECTRIC WAFFLE MAKER FOR HONG KONG WAFFLES
What equipment do you need to start a Hong Kong waffle business? To open a small point of waffle fast food, you will need, first of all, an oven for baking Hong Kong waffles. There is a large selection of ovens on the market for cooking products of various shapes, so when buying, you should choose the desired baking form. Due to the simplicity of preparation, the cost of one device is not high – about 300 USD, but several ovens are required for one point of sale, so the costs will be higher.
It is better to buy equipment and an electric waffle iron for Hong Kong waffles in special stores, where ovens with quality certificates and a manufacturer’s warranty are presented. This will help avoid inconvenience and unnecessary costs in the event of a breakdown of one of the ovens.
Here is a complete list of equipment and supplies for opening a Hong Kong waffle maker and sale:
- device for baking waffles (3 pcs.) – 900 USD;
- refrigerator showcase – 500 USD;
- refrigerator for drinks – 300 USD;
- coffee machine – 250 USD;
- cream creamer – 60 USD;
- mixer – 70 USD;
- knives (3 pcs.) – 70 USD;
- disposable tableware – 50 USD.
Total: 3200 USD.
HONG KONG WAFFLES: RECIPES
Waffles are good for breakfast, lunch, dinner, or even as a snack. The dough for making them should be thick so that the waffle remains soft and tender on the inside, and on the outside it is baked until lightly crispy.
- 4 cups flour
- 3/4 cup white sugar
- 3 pcs. eggs;
- 3/4 cup vegetable oil
- 3/4 cup water
- 1 teaspoon salt
- 1 tablespoon baking powder
- 1/2 teaspoon vanilla
In a bowl, you need to mix flour, salt and baking powder, then in a separate bowl, mix all the liquid ingredients and sugar until the latter is completely dissolved. Using a hand mixer, mix the flour with the liquid mixture, gradually increasing the speed of the hand mixer until the mixture is smooth.
When mixing the ingredients, you first need to heat the waffle iron. Once the dough is ready, wrap it in baking paper and put in a waffle iron, then add the filling and pour over the liquid flour mixture prepared earlier. Hong Kong waffles take 3-5 minutes to cook. A properly cooked waffle has a golden brown color and a soft crust.
Some tips for making Hong Kong waffles:
- To make the waffles tastier, it is better to replace the water with condensed or fresh milk.
- It is best to use a food-grade syringe to add cream, jam, or other liquid filling.
- For making waffles, it is best to use waffle irons with a special non-stick coating.
Interesting, but true! Waffle Time waffle food courts in the United States offer visitors dozens of varieties of Hong Kong waffles and practice various technologies for their preparation. This made WT the most popular waffle fast food in the United States, with 400 outlets nationwide.
SALE OF HONG KONG WAFFLES
Where to locate the point of sale for Hong Kong waffles, and how much profit will it bring? The location of the point of sale directly affects the bottom line. It is best to choose public parks, shopping and entertainment centers, or high traffic areas. For a stationary point of sale, the optimal pedestrian traffic is 800 people per hour.
To open a food court with Hong Kong waffles, it will take about 3200 USD in initial investment, plus monthly expenses – up to 1500 USD. Monthly expenses include: rent, food and ingredient costs, utensils, employee salaries, advertising, and taxes.
On average, a point for the preparation and sale of Hong Kong waffles will pay off within 4-6 months, and for a month the average revenue will be approximately 3500 USD, where the net profit is 2000 USD. Of course, you should not expect such profits from the very first day of work. But with competent marketing, a tasty product and quality service, this profit is quite achievable.