How to START SPORTS BAR Business?[Trending and Profitable Business]

Themed restaurants and bars are becoming the flavor of the season as the count of such bars and restaurants is proliferating in various metro cities across India with more and more families going out for dinner or lunch on a regular basis. One of the most popular segmentation under themed restaurants and bars is Sports bars. Sports bars, in particular, are very new to our country but are growing at a rapid rate. It provides a place where customers can eat, drink,  and socialize while watching the latest sports events, gaming, and enjoying music gigs. As young, working population get accustomed to a global taste and tradition, they are willing to pay a higher price for the experience. The country’s foodservice space is triggered by multiple growth drivers such as changing demographics, changing lifestyles, awareness about liquor options, and urbanization. All these social and economic reasons are contributing to how the eating and drinking out perception is evolving in the country as a consumer are shifting towards fine dining, imported spirits and wine as opposed to conventional beverages.

Cloud Kitchens/Ghost Restaurant - Trending Business Model in the Restaurant Industry

Cloud kitchen, also known as virtual eateries or ghost restaurant, is a food service establishment that offers takeaway only. The increasing competition in the restaurant industry is real which comes with expensive interiors, high rents, and rising costs. A cloud kitchen saves one from all these expenses by excluding the dine-in option and saving from the cost of space, furniture, and ambiance, reduced time in order processing, and allowing to provide quicker deliveries along with reducing the wastage of food. Generally, Cloud Restaurant accepts orders through various food delivery platforms but they can also have their own website or mobile application for placing orders online. As a matter of fact, the cloud kitchen relies solely on its online presence to draw in customers. Owing to the promotional offers and discounts, and the advent of the internet and smartphones, the Indian online food ordering market is growing at a CAGR of 16% which is acting as a major factor for the rise in the number of cloud kitchens.

Backpackers Hostel Chain[Real Estate Trending Business]

Backpacker’s Hostel is an accommodation service provider on a minimal budget particularly, which basically works like a chain business of equipped & theme-based hostels mapping all around the country or certain region having all basic amenities. Traveler’s these days prefer the convenient and affordable backpackers’ hostel services provider. Hostels no longer mean sparsely furnished dormitories where cash-strapped young backpackers lay their heads and queue to use communal bathrooms. New kinds of luxury hostels are now seeing the gap in the crowded hotel marketplace to offer chic accommodation at affordable prices, and it is attracting savvy holidaymakers of all ages. Corporatization is trending globally, which is a modern concept of hostels being endorsed as the preferred accommodation choice among the millennials. It offers magnificent accommodation amplified by aesthetically designed urban structures, a young and lively ambiance, and above all, utmost hygiene standards to ensure a comfortable and enjoyable stay for every traveler. This concept of Backpackers Hostel Business is of sharing/ co-living, which has been taken from normal hostels, while amenities will be equivalent to hotels. It will help travelers in saving some money and gaining experiences from a more diverse group of people. The demand for lavish hostels, affordable services, convenient locations, and extended facilities along with cheering ambiance is growing; and it will cater to the needs of every age group.