The Hot Dog Business extends to almost every corner of our society from supermarkets and school cafeterias to restaurants and concession stands hot dogs are served everywhere. And while it is difficult to offer a single precise answer as to how many hot dogs sold and consumed each year, one thing is for sure: the market is more than a foot long.
In 2011 retail sales alone of HotDogs was over $1.7 billion. That does not include concession stands, ball parks or vendors, Want a piece of that Pie?
Starting in the HotDog field can be both scary and exciting at the same time. Just like any other occupation some succeed and some fail, which one depends on a lot of factors. The main reason though will be you! your commitment, perserverance, and attitude.
The Hot Dog Business can be very profitable, just as an example, let's say you have a hot dog cart and you have a lunch special that includes 1 dog, a bag of chips and a can of pop for $5.00. Let's assume you have an average location and serve 100 customers a day. Take out the cost of your hot dog at .30 cents (I am being liberal with the cost it should be less), .20 cents for the bun, .30 cents for the chips, .30 cents for the pop, let's add .30 cents for condiments and just to be real liberal we will add .60 cents for taxes, fee's and miscellaneous expenses.That is $2.00 leaving $3.00 in net profit and if you times that by our 100 customers that equals $300 for the day. I think that is pretty good for a 5-6 hour work day. If you do the math that is $1500 a week (5 day week) take 12 weeks off, that's 40 weeks times $1500, which net's you about $60,000 a year selling weiners! So Yes, you can make money doing that!
I have heard of people who have started with a hot dog cart, found a consistant location, offered a quality product with a good choice of toppings and built a career that brought in over $1000 a week in profit. They then expanded and either built a stand or bought a food truck.
Some people like the stability of a brick and mortar Hot Dog Restaurant which can be highly profitable but also comes with much higher cost. The bottom line is that you will get out of the HotDog Business what you put into it.
How you enter the business will depend on your preference and economic situation. You can start a Cart for as little as a few hundred dollars (if you can find a good used hot dog cart cheap or build your own). Would you rather have a food truck, a permanent stand or a restaurant? If these options sound more appealing just keep in mind that the cost to open and operate these increase. There is no right or best way to start a Hot Dog Business it depends on your dream and current financial situation. As I stated above some people have wanted a restaurant but were not financially able to start there. So they got a cart made some money and traded up until they reached their goal. This is where the commitment, perseverance, and attitude come into play. whichever venue you decide to pursue make sure you do you homework and if possible find a good mentor to help you get started.
Ok that headline is a little misleading, the truth is you can buy a hotdog almost anywhere nowadays so why should anyone give you their money? That is the beauty of this business, you can create your own niche. Want to sell classic hot dogs with the normal condiments? You can and succeed, specialize in a brand, a special sauce, great service or even your choice of locations can set you apart from other vendors. The only thing stopping you is your desire to succeed and creativity. So yes there is competition and lots of it but that is ok because there is only one you and you are the X factor that no one else can duplicate.
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