hot dog vending bids

Hi Steve,

My city has spots that you can put food carts and trucks on the street. Those spots are up for bid . How much should I bid?

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That’s a tricky one. I’m assuming you don’t know what the typical bids are, so you are going to have to work from a different angle – how much is the maximum that you can you afford to pay?

You’ll have to figure out how much you make per vend (selling price minus cost of dog, bun, condiments, chips, and soda). Then multiply that by the number of vends you think you will do per month at the spot you are trying to secure.

Next, you have to subtract your monthly overhead costs. These are the costs that stay fixed no matter if you sell one dog or a thousand. Things like your desired hourly wage, propane, ice, travel costs, advertising, licenses, etc.

Now you know the most you can afford to pay per month for the spot while still making it worth your while.

Knowing how to sell is only half of the equation. You must commit to mastering the business part of the hot dog business if you want to keep more of the money you make.

Ever wonder why there’s not as much money left at the end of the month as you think there should be? Want to know the tricks that top vendors use to increase their profits without selling more hot dogs?

If these things are mysteries to you, then it’s time to up your game and get control of your business. We lay it out in easy to understand language in my 80 page hot dog business management book. Click here to read it.

-Steve

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