Hookah Caterings: A Guide for Smoke Shop owners:
Hookah catering is an incredibly new, but easy concept. It is simply an act of providing hookahs at hookah gatherings. In this way, we facilitate the hookah smokers, as they do not need to visit the local stores. From a business proprietor`s perspective, the concept of hookah catering simply makes plenty of sense.
You have much less hookah maintenance and other expenses. In addition, this will be an outstanding method to boost your business and provide additional value to your smoke shop business. All you’ll need is to have a few additional Hookahs procured from the best wholesale smoke shop distributor.
Starting the hookah catering business will skyrocket your smoke shop sales for sure. Hookah catering is an up-and-coming marketplace. A riped marketplace of hookah fans is lacking their interest or passion.
Nowadays, people organize hookah caterings at Private parties and commercial events. To get the maximum benefit from this opportunity we should facilitate all.
What is Hookah Catering?
Hookah Catering is an incredibly easy idea: cater hookah and smoking parties identically that restaurants provide catering services. Maybe you`re thinking “ah the hookah bars could have that covered”, however will they sincerely in time of COVID? We don`t assume so and that`s why that is an outstanding answer for smoke stores to apply as an extension in their offerings and probably make use of unused resources.
This is a stellar concept for teens and hookah enthusiasts alike, as that is a possibility that could supply to each private event and business event. Imagine weddings, birthday events, graduations, business gatherings… The listing is going on and on.
When overhead is considered, smoke shop proprietors are already at an advantage, since, mainly if you`re sourcing appropriate high-quality hookahs from a reliable smoke shop wholesale supplier.
Comprising a small group of people to perform the loading/unloading, set up, and wipe clean the hookahs would not be a hard task, nor might the price be excessive. Providing shisha, hookahs, and coals also are vital issues for this business.
How Do I Approach This Market?
The exceptional methods that we endorse are both venue-based hookah rentals and flat charge hookah catering.
Venue Based hookah Caterings:
In this model, you and your team might need to commute to a venue, occasion, or region and provide your offerings. The capability of problems of this will revolve around how a lot the proprietor of the venue, occasion desires to rate you nightly or if they`re thinking about taking a percent of your income.
This is just like the idea of purchasing a coffee at a festival; this means that you could rate a much better fee than at your nearby hookah lounge. In this case, the marketplace is furnished for you.
That`s why it might show useful for a brand new proprietor of hookah catering to do his studies and determine which regions and venues may fit the exceptional to expand their business and earn a repute.
Pros:
- Able to rate better costs
- More freedom to test with and provide distinct shisha flavors.
- Some business venues facilitate you for the tobacco permit (But it is beneficial to you if you have your own)
- Upsells like hookah accessories (flavored tips, etc)
- Reoccurring bookings
Cons:
- Nightly profits are not assured
- Venues may charge huge costs or higher income percentages.
- Demands and Stock might not match every time; this is where your smoke shop wholesale supplier can be helpful.
- Potential for misplaced or damaged hookahs (booze + hookah= capability disaster)
Flat charge hookah caterings:
This business modal has the exception to insure your catering startup up won`t suffer loss. Why? Well, In the case of Pre-planned occasions, you can definitely earn huge profits. This can be something to do in tandem with the “Venue based Hookah caterings”. A few pros and cons could be:
Pros:
- Secured cash upfront
- You get to know the product and quantity required.
- Flat charge irrespective of servings furnished
- Usually, produce better income margins
- Loss and damage to equipment are almost negligible.
Cons:
- No Up-Sells as all accessories are pre-booked.
- Reoccurring occasions are almost impossible.
- Landing first clients may prove to be painful
- A tobacco license is a must
So How Much Can You Charge?
To understand the amount that can be charged, we need to consider a few things as follows:
- The number of hookahs required for rental.
- Equipment and shisha should be highly satisfactory
- Premium Quality heating equipment
- Average costs of flavors offered
- What are you offering in terms of lifestyle?
- Financial costs
After these elements had been considered, a concise photo of your monetary figures will come into view. Location matters, too. As far as, Equipment quality and quantity are concerned, you can get this covered when procured from a smoke shop wholesale supplier.
The surroundings will constantly impact what you could do together along with your business. If you are targeting higher-income consumers, the system has to constantly replicate that. High-quality equipment will truly have a longer life and create a higher impact on your clients.
Conclusion:
For a prosperous Hookah catering business, the hookahs that have to be used for catering have to be of a better, extra long-lasting high-satisfactory quality. If you will charge too high, the income margins can be outstanding. But, this may become a problem for frequent orders for your business.
It would be wise enough to buy the best quality Hookahs and related supplies from the best wholesale smoke shop distributor. Providing great quality hookahs will provide your clients with a sense of prestige and value for their money and will assist you to construct outstanding popularity for your community that is a critical aspect of hookah catering.