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List: Posted: 10/05/11
If you are looking for a simple, lucrative business venture, then operating your own concession food stand can be a good option. This type of business is fast-paced, keeps you outdoors and can offer you plenty of income. How do you start?
The first thing you need to decide is where you will do business. Because you are mobile, you can take your business to different locations, but you will need to have an idea of what the most profitable locations for you will be.
You also need to decide what your business will sell - will you sell ice cream, hot dogs, or fast food? Most concession stands sell a specific type of food, though there are those that offer a variety. However, focusing on just one specific type of food, you can usually increase profits a bit more easily.
You now need to decide how large your business will be. Do you have the capital for a large trailer? Do you need to start smaller, with a concession cart? The size of your cart or trailer will determine how profitable your venture is.
Next up, you need to find out what health codes and rules you'll need to follow. You also need to apply for licensing and permits. Not getting your permits and license can actually force you to shut down your business, so be prepared.
Finally, you need to consider having someone to work with. Working 10 or 12 hours per day on your own can be tiresome – consider having someone to share the workload and make it a bit easier to do business.
TASC is a business unit of Northrop Grumman's Information Technology Sector. Contact our offices to find out how we can help your company.
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