How to Start a Hot Dog Cart Business
In today’s new economy, owning your own job is viewed by leading financial experts as a key to meeting your career and financial goals. Many entrepreneurs are experiencing great success by starting a mobile food enterprise such as a hotdog cart business. In this guide we will outline 7 key steps to take as you determine how to start a hotdog cart business of your own.
Step 1: Know the Rules and Comply with Them
Don’t do so much as buy a couple cheap hot dog carts until you check with your local authorities about the rules regarding mobile food businesses. The laws and regulations in your area may affect your business strategy in terms of what type of used hotdog carts you buy and what locations you will target. Apply for the proper permits and follow the regulations to the letter. You can’t be successful if you get heavily fined or shut down for lack of compliance.
Step 2: Develop a Winning Business Plan
While we can’t outline all of the steps here in an effective business plan, knowing HOW you want to succeed will help you know WHAT you need to succeed. Your plan will determine what type of used hotdog carts for sale you purchase (see our guide entitled Types of Hotdog Carts for more details). Spend time researching where the best locations for selling hotdogs and other items will be. Do you plan to serve the downtown business crowd in the large office buildings? Will your ventures include selling hotdogs at weekend community events? Do you have a contract to sell inside the entryway of the big box home improvement store (a very lucrative idea, by the way, because busy contractors looking for a quick meal on the go are in and out all day)? See the guide on this site entitled “Used Hotdog Carts – A Buyer’s Guide” for more useful ideas on how to effectively grow your business.
Part of a business plan is to know your budget. If it is small, then starting with one or two inexpensive used hotdog carts, such as hotdog pushcarts, will be ideal. If it is somewhat larger, you may want to purchase trailer hot dog carts for sale used. Whether you plan to fund the business yourself or seek investors or lenders will help determine what type of equipment you can afford.
Here are some basics on writing a business plan:
Step 3: Contact Event Coordinators and Facility Managers
For many events and locations, a vending fee must be paid. Sometimes vendors are awarded exclusive contracts for providing food. Learn how things work in your area and get in the game of pursuing great business opportunities that can earn you excellent profits.
Step 4: Choose the Type of Hot Dog Cart You Need
Once you know which type of used hot dog carts will best suit your needs you can go about locating the best deal. Most small-business advisors recommend purchasing used equipment as a more cost-effective way of doing business. High-quality used hot dog carts for sale are readily available at good prices. Peruse the market place and make an offer on the used hotdog carts for sale that will enhance your ability to serve customers and grow your business.
Step 5: Find a Supplier
Locate a reliable supplier for all of the food, beverages and supplies you will need to stock your cheap hot dog carts or your fancy walk in hot dog cart. Getting quality goods at a low price is an essential key to maximizing profits.
Step 6: Market your Hotdog Cart Business
Begin by having the awning or umbrella of the used hotdog carts you select adorned with your company name or logo. Have fliers made to pass around. Ask customers to provide their email address and compile a list you send emails to each morning mentioning the daily specials – they’ll be thinking of your wonderful hotdogs long before lunchtime rolls around! Be creative and diligent and your marketing efforts will reap rewards.
Step 7: Be Enthusiastic and Have Fun!
Most entrepreneurs who look into how to start a hotdog cart business enjoy being around people. Let it show. Offer a smile and a friendly greeting along with a quality snack or meal. Your personality can be just as much a part of your success as excellent products and the purchasing the right used hot dog carts for sale. It’s an essential ingredient to building the kind of loyal customer base that can propel you to reach the success you desire.