How do you make money selling concessions
1. Think up a Concept for a Concession Stand
The size of the cart you'll need, the amount of initial capital you'll need to invest, and the optimal location for your concession stand are all determined by the concept and menu of your concession stand.
On the menu of a concession stand, you might find anything from pre-made snacks to imaginative and gourmet meals. A simple prepared food station has different requirements than a concession stand that specializes in selling freshly made gourmet waffles, for example.
How do you make money selling concessions
2. Draft a plan for running a concession stand as a business.
You will need to prepare a business plan once you have a broad notion of what kind of concession stand you want to run once you have that idea. Your business plan will serve as the blueprint for the growth trajectory of your concession stand. It will also assist you in making the appropriate investments so that you do not waste either time or money. A strong business plan is also what you'll need in order to secure finance from outside sources for your new business venture. It provides not only you but also your investors with a well-defined view of the financial situation of your concession stand as well as its concept, target audience, and organizational structure. We provide a detailed manual on how to build a business plan that takes you by the hand and explains each stage of the process as you go along.
How do you make money selling concessions
3. Acquire Funding for the Concession Stand
You will be able to calculate how much capital is required to launch your concession stand once you have developed a business strategy. You might be able to finance the start of a modest, straightforward concession stand business on your own, but expanding into a larger business with a more intricate food selection might require additional funding. We have compiled a list of possible sources of funding for you, which can be found below:
Investors:
You can present the concept of your concession stand to potential investors by using your business plan.
How do you make money selling concessions
Loans:
There are loans for both small businesses and equipment, as well as loans for
vacancies available for lease
as well as the more typical options offered by banks, company owners can obtain loans.
Crowdfunding:
The practice known as "crowdfunding" makes it possible for a large number of individuals to contribute modest sums of money to an enterprise. In most cases, it takes place on platforms like GoFundMe, where you can establish financing goals for your concession stand, attract investors, and keep them up to date on your progress.
How do you make money selling concessions
4. Set up a food and beverage kiosk.
If you already have a business strategy and the necessary funds, you will be able to buy a concession stand that is suitable for both your scale and your budget. You will need to decide if you want a trailer concession stand, a short-range concession stand, or a stationary concession stand. Because of this, the type of stand you buy, the location of the stand, and even the regulations that apply to it will all be impacted.
A low-cost fixed concession stand is an excellent choice for you if you have access to a prime area in which you can reliably set up shop, such as a stadium. This kind of stand typically does not move about. You will, however, want a cart with a short-range in order to sell at a number of different street corners spread out over a few blocks. Make the investment in a concession trailer so that you can cover more ground and move around to different sites more regularly, or think about whether a food truck would better fit your requirements.