HOT DOG CART BUSINESS PLAN GUIDE
Do you plan on opening a hot dog cart business but wonder how to write a business plan that will compel investors to invest into your business?
If your answer is yes, then you are at the right place as this article will be focusing on the vital compositions a good plan should contain.
Here is a sample business plan for starting a hot dog cart business.
The name of the business in this case will be Hot Dog Express.
Table of Contents
– Executive Summary
– Our Mission Statement
– Our Vision
– Financial Plan
– Marketing and Sales Strategy
– Our Product and Services
– Market Analysis/Trends
– Target Market
– Publicity and Advert Strategy
– Payment Channels
– Startup Funding
– Sustainability and Expansion Strategy
Hot Dog Express is to be located within the Los Angeles area, and will operate only on week days, with its operations starting from 10am to 3pm. This is a sole proprietorship business and will have its operations centered around the ever busy business districts due to its high foot traffic.
Hot Dog Express will be providing services to clients cutting across all segments of society with our premium products and services.
Our Mission Statement
Our Mission at Hot Dog Express is to provide our critical services that include high quality hot dogs and other snacks prepared under highly hygienic conditions to our esteemed clients who may be hungry after a hard day’s work, or in-between working hours to keep them moving, while at the same time making sure that our products and services are very cost effective.
We at Hot Dog Express intend to have one of the best hot dog cart business in Los Angeles within the first year of our operations.
From our analysis, based on the sale of our products, which include hot dogs, snacks and drinks, we have a projected yearly income of $150,000 and a yearly expenditure (which includes expenses like uniforms, insurance, business and health licenses, equipment, losses incurred through spoilage etc.) of $50,000.
Marketing and Sales Strategy
We will be hiring the services of marketing experts who will oversee the smooth running of our business and ensure that we effectively market and increase the sales of our products. In the interim, we are focused on locating our business with busy neighborhoods such as the central business districts where foot traffic is high.
It is believed that this will immediately increase the sale of our products while adopting other marketing strategies to boost our available market.
Our Products and Services
Our hot dog cart business provides the following products and services to our esteemed clients; the sale of water, and drinks which include Coke, among other drinks. Also, we will be having snacks among the list of items on our menu and of course hot dogs.
Because of the changing nature of schedules within our society where people have little or no time at all to take care of themselves, we have discovered that this needs to be exploited.
Although there are thousands of competitors in this line of business, we will be offering on-the-move services, targeting densely populated areas, and also attending events such as sports events to provide our services to those who may be in need of our catering services.
Our target market includes a wide range of targets/clients which we seek to service. These include tourists, students, corporate executives, sports personalities among several other target clients. One denominator common to people need refuelling, as such, we will always be there to make sure they don’t have to worry about their food needs.
Publicity and Advert Strategy
The publicity and advert strategy to be used in this hot dog cart business will include deployment of all advert tools to make sure that we realized the maximum publicity. These include the use of the internet which covers our websites and also our social media presence which will be vigorously promoted.
Also, the will be placing adverts on yellow pages, and also adverts through the local radio and TV stations.
Hot Dog Express will be making available to our clients almost all payment options to include receipt of cheques, payment through the POS, cash and also electronic bank transfer including mobile banking channels. This is to ensure seamless service, thereby, eliminating worries about payment modes.
Hot Dog Express will be funded partly through savings which have been set aside for this purpose to the tune of $100,000. However, the rest of the funding will come through debt servicing. This loan will be sought from a bank of reputable standing, First City Bank.
Sustainability and Expansion Strategy
This startup will continually improve its services and ensure that clients are treated satisfactorily. Vendors will be trained to abide by our tradition of excellence and continually provide exceptional services that will endear us to clients.
Within the next 5 years, hot dog express will be expanding its services to cover the whole of California, replicating the quality for which we are known for in all areas of our operations.
This article has successfully provided basic information on how a hot dog cart business plan sample should look like and the vital components it consists of. With the tips revealed here, it is hoped that it will eliminate any confusion on how to write a good hot dog cart business plan.