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Style food cart franchise investment can be quite cheap and fast turnover . Usually the franchisor offers investment partnerships started from the cart with US$ 200 to US$ 30.000 . In addition this partnership system is also fairly quickly turning his capital , the average of the franchisor provide guarantees to its partners with a turnover period of less than one year . No wonder so many people are interested in a partnership style of this wagon , because of the benefits offered quite tempting .

 

A variety of franchise brands are now starting to be offered the franchisor to the prospective partners , ranging from the franchise investment worth Thousand of dollars , to a partnership -style carts that can reach the partners at relatively low cost . In fact from a variety of partnerships to offer , a  cart food franchise system is successful to give the biggest attraction for most people , so that not a few of the franchisor who managed to hook hundreds of partners with this partnership .

 

Although the development of today's franchise market is quite fast , it's good for us to know about the advantages of franchising food carts models can we make such a consideration , before choosing a franchise brand that will be run .

 

 

 

Excess food cart franchise

 1 . Style food cart franchise investment can be quite cheap and fast turnover . Usually the franchisor offers a partnership with a cart with an investment ranging from U.S. $ 200 to tens of thousands of dollars Additionally partnership system is also fairly rapid return of capital , the average of the franchisor provide guarantees to its partners with a turnover period of less than one year . No wonder so many people are interested in a partnership style of this wagon , because of the benefits offered quite tempting .

 

2 . Preparation of business easily . In partnership with carts generally requires only a strategic business location , whereas for the initial equipment and raw materials are all supported by the franchisor . So that the partners only need to prepare a business location , and potential labor alone . The rest is borne by the company that organizes the partnership .

 

3 . Minimal operational costs . With a cart system , the partners do not need a great business location , so the cost of rent is also not too expensive . As an illustration , the partners can hire locations around 2-3 m2 in front of the minimarket or on the edge of the well-traveled road . In addition, the partnership cart will not require a lot of manpower . Most only employs two workers only. So , every month no operational cost is too great .

 

 

Shortage of food cart franchise
1. Products offered less attractive. Although today many franchisors are franchised business, however not all products offered managed to attract consumer interest. During this partnership products offered by the franchisor is a common food product in the market. Such as burgers, kebabs, fried chicken, and tea packaging actually has a lot to offer with a variety of brands. Therefore, before joining a partnership, be sure to choose a product that is really good quality and has a pretty good market potential.

 

2. Weak business controls. The development of an increasing number of partners, it is not always done well for its partners. Especially for partners which are located quite far with the franchisor, business operations can be sure they can not be well controlled. Therefore, although there is a franchisor that will help you in running the business, but do not fully rely on them. Learn to run the business independently, with guidance from your franchisor.

 

3. The commitment of less powerful partners.
Low cost of investment offered a partnership with the organizers of the cart, making the most of the partners make the effort as a venue of trial and error. So they do not run partnership seriously, and will leave the partnership if the turnover is generated it can not be optimal. This condition will certainly harm the franchisor and other partners, because it makes the image of a franchise is seen as less qualified by the consumer.

 

4. Preparation franchisor with poor planningh.
Now this is not just the partners who run the franchise business by trial and error, not least the franchisor that offers partnership system with poor planning. So that the partnership can not run smoothly, and eventually just run aground in the middle of an increasingly competitive business franchise high.

 

Therefore as potential investors who are interested in business opportunities franchise. Should learn first of all offers that you get from the franchisor, and make sure that the partnership has been a serious run by the owner so that the prospect of the market has to offer really good.

 

 

 

Here are some tips for starting a business food / beverage carts to be successful and have a lot of buyers.

 

(1). Market yourself. 

Food trucks are a microcosm of a restaurant.  The most successful restaurants all have identifiable brands.  In today’s day and age, marketing can be free.  Last I checked, FB and Twitter were not subscription based social media services.  They do, however, require constant monitoring, effort, and creativity.

 

(2). Analyze your market carefully

Failure to establish that a market for your food cart cuisine exists and failing to stay aware of trends in your local market are two of the biggest mistakes you can make as a food cart owner or employe. These errors can easily be avoided.

Before opening your business, you need to establish a demand for your cuisine and an ability to capture some market share. After you’ve opened your service window, you should continue to analyze the direction of consumer demand and make any changes or adjustments as needed. Without this fact-based knowledge of your market, making these informed business changes is near impossible

 

(3). Strengthen the food truck industry.

this is the biggest misconception in the foodcart world is that individually we are all competitors to one another.  While that is partly true, if carts do their part to make the industry as a whole stronger and more reputable, they will benefit from these efforts long term.

 

(4). Have a grand opening

You never get a second chance to make a good first impression” was never truer than in the mobile food industry business.Hosting a grand opening event is a chance to immediately establish your cart as a member in the local community. Rather than opening your service window and waiting for your guests to arrive, create an event that will lead first-time guests to become your regular customers. Some of the mistakes to sidestep in planning a food truck grand opening are easy to avoid:Prepare for a crowd.Expect the unexpected.Time your event carefully.

 

(5). Every little thing is important

Every little thing helps. The décor, the menus,, the uniforms and the signage: it all contributes to your enjoyment of a restaurant and the same applies to a food truck.  You want to make your customers  experience memorable and exciting. No matter how good your food is, if you are not memorable, your customers will not return.

(6). Control your food costs

Outside of the initial capital required to purchase your truck, the cost of food is a mobile bistro’s single biggest expense. The ability to manage food costs is one of the most important elements of running a successful food truck.

 

Successful food truck owners set the price of a product as a direct relationship to the cost of making that product. Keeping track of how inventory is ordered and minimizing costs so all food that’s purchased ends up in a customer’s hands can drastically improve your bottom line and provide valuable flexibility in determining your pricing.

 

(7). Think Beyond the Truck
To help combat the impact that slow days have on your revenue, think outside the truck.  Could you provide office or party catering?  Could you offer gift cards or branded merchandise?  These are not only extra revenue streams but are excellent advertising opportunities for your business

 

(8). Plan for a annual worth of capital

The mobile food industry is known to have low entry and exit points compared to the restaurant industry. Thus, most food cart owners try to enter the industry with low capital. As a result, most enter this industry with just enough funding to open the service window but not enough to sustain them in the first few lean months.

Unexpected and unforeseen events happen all the time, especially in a food cart business.

A good goal to set for yourself is to allocate enough capital to keep your business afloat for at least 12 months while you establish yourself in the market..

 

 

(9). Write a business plan

A business plan is your written guide of what you want your mobile restaurant to be and how you plan to achieve this goal. It forces you to plan ahead, think about the competition, formulate a marketing strategy, define your management structure, and plan your financing, among other things. It becomes your road map to success.

 

Don’t proceed without a solid business plan. Not putting a business plan together doesn’t mean that your food truck will fail, but it does mean you’ll do the following:

 

Spend more money

 

Reach fewer of the right customers

 

Be less efficient

 

Grow your business more slowly, if at all

 

 

 

 

 

 

 

 

 

That's some information and tips for those of you who are interested to open a food cart / beverage or be the employee, good luck!

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