Starting a magwinya business is a profitable venture. Many South Africans love magwinya and in some places, they are referred to as fat cakes and other places as vetkoeks. In real sense, magwinya is not the same as vetkoeks. Magwinya is deep-fried South African bread and tends to be sweeter than vetkoeks.
In this article, I will show you how you can start a profitable magwinya/ vetkoek business in South Africa.
Identify a Good Business Location
You need to start a magwinya business in an area where there are many passersby. You need to find a busy area so that you can get many customers to buy magwinya. Magwinya generally sells more during morning hours when people are taking breakfast and going to work and in the evening when they are leaving from work.
Read also: How to start Kota business in South Africa.
Requirements for Starting magwinya Business in South Africa
To start a magwinya, you don’t need a lot of equipment. You just need a fryer, stove and ingredients. The ingredients include flour, cooking oil, yeast and sugar. You can prepare the magwinya at home and then sell them in a kiosk or a container.
Ensure that your magwinya business premise is clean. You will attract many customers to your business if they notice that you maintain high levels of cleanliness.
Determine Magwinya/ Vetkoek Prices
You need to price your magwinya fairly so that you are able to make profits and also attract customers. Where you are selling from and the size of the magwinya usually determines their prices.
For instance, if you are selling from a town center, you can price your magwinya at R2 or R3. Ensure that the size of the magwinya is commensurate to its price.
Cost of Starting Magwinya Business in South Africa
The cost of starting a vetkoek business depends on your business size, location and magwinya accompaniments. Generally, you can start a medium vetkoeks business with R3,000.
Is Magwinya Business Profitable in South Africa?
Magwinya business is a profitable venture. You can sell magwinya together with other extras like chips, cheese, Russians and Vienna. Many people don’t like plain magwinya and prefer some accompaniments. You can make between R1,500 and R3,000 in a day from selling magwinya.
To make it in the vetkoeks business, you need to be creative. Look for ways to attract customers to your magwinya business. Make sure to prepare sweet magwinya and maintain hygiene to attract customers. Also, you can sell vetkoeks with other extras like chips and cheese that will help you generate more income.