How to make money from your home, without selling it: Run your own business
PUBLISHED: 18:09 14 August 2015 | UPDATED: 18:09 14 August 2015
Making your home work as a profitable business can be a challenge and also according to chef Pratap Chahal “amazing and very rewarding.”
He has been cooking at his home in Archway for two years, catering for private and public dinners through the organization Grub Club.
“My advice to anyone is to make sure you comply with all the regulations, register with the council and check you are fully compliant. The rewards can be great.
“Although I am a professional chef I always practise all my dishes and the whole service etiquette well beforehand. It’s hard work but we make 75 per cent profit. That is partly due to the fact that I can charge a premium because of my experience; I have worked with Gordon Ramsey for the Cinnamon Club and also at Claridges.
“It also helps that I know all the local food shops so I buy carefully and my wastage is negligible. Most people will look at about 60 per cent profit. The best thing is to charge low in the beginning and slowly increase the price until you find your equilibrium.”
Pratap advises that the trick is to make a supper club unique and different to what people can get at a restaurant, whether it’s the theme of the dinner, or the décor.
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