Tips For Starting A Concession Business Cheaply
Operating a concession business can be a wonderful thing. It can give you the opportunity to work at all sorts of events, such as events at local schools, festivals, fairs, sporting events and more. Plus, you can make quite a bit of money by operating your own concession business, and you'll have the opportunity to work for yourself and stop answering to a boss. However, you might be a bit concerned about how much it can cost to start one of these businesses. Luckily, there are ways that you can cut costs so that you can start your business without spending a lot of money.
Buy a Cargo Trailer
Instead of buying something that is big and fancy, consider investing in a regular cargo trailer for your business. These trailers come in all different sizes and price ranges, and many of them are perfect for operating a concession business. You can even buy a brand new cargo trailer that is designed especially for concession use, and they're often cheaper than large RVs and other vehicles that are often used for this purpose. Plus, you can pull your average cargo trailer behind a pickup truck or SUV, so getting started can be easy and affordable.
Look for Used Concession Equipment
One of the best ways to save money when starting one of these businesses is to invest in used concession equipment. Many people get out of the business for one reason or another and are left with equipment that they can't use. If you scour your local classified ads, you can find hot dog steamers, popcorn makers and other equipment for rock-bottom prices. Just make sure that you carefully inspect this equipment before buying to ensure that you are getting a good deal on high-quality equipment.
Buy Your Concessions from Wholesalers
Don't start out by buying hot dogs, popcorn, drinks and other concessions from local grocery stores. Although you may be able to mark up the price and still make a profit, your profit margin probably won't be as large. Instead, look for wholesalers in your area or who sell their goods on the Internet. By getting the lowest possible price on your food and other supplies, you can enjoy a much bigger profit. Plus, you can offer lower prices for your new customers.
Starting a concession business doesn't have to be expensive. If you follow these tips, you can save quite a bit of money while opening the business of your dreams.