Assess your business: Fast forward a few months...Your friend asks you how your business is doing and you are unsure how exactly to answer. In fact, you are not necessarily sure how your business is g

Running head: FRANK’S HOTDOGS BUSINESS 0

Franks Hotdogs Business

Luke Ige

7/12/2020

Frank’s Hotdogs Business

Hot dog cart business is among the most lucrative enterprises to undertake as it involves retailing food which is a basic human necessity. Frank’s hotdogs business will be a cart business due to low start-up costs, time and flexibility of the business. The business will hopeful start in September, 2020 and will be located in West Harrison, NY near Fordham University. My delicious hotdogs will be unique with a variety of toppings and flavors to satisfy customer preferences. The business will use all-beef dogs as well as hand-crafted sausages served on rolls. They will be offered at a low cost which should be appealing to my audiences.

The energizing snack is a favorite snack among many Americans including college students. I intend to use a simple cart to enhance mobility allowing me to move between locations to reach my targets. I intend to use the simple cart to sell to my target audience during evenings when I expect a high flow of movement on the streets from colleges and work. I plan to move from event to event during weekends to sell my hotdogs once things resume to normal. Using the cart should help me get many customers thus high sales and profits. I intend to buy a franchise from a local dealer who is successful to enhance prosperity of my business. I believe franchise partner will help me own the business and still have time for my studies being a college student.

My only challenge is short of finances to start this promising business. The financial requirements are a minimum cash requirement of $50,000, franchise fee of $30,000 and a total investment of $200,000. My sales forecast are 50 hot dogs per day at $10 per hotdog. I intend to earn at least $500 per day from the selling the hotdogs. The sales may be higher over the weekends as I will move across the streets but within the allocated location as per the permit.