To open a concession trailer food business, write an elaborate business plan, raise funds, buy necessary equipment, register the business and officially launch it. A concession food business is both cheap and flexible making it ideal for anyone working on a budget, notes the United State's Small Business Administration.
A concession business can be operated at any time and in any location deemed suitable. Most successful concession food businesses start with a small budget but over the years expand to become large businesses, notes the Festival Net. The following must be finished before starting such a venture.
- Write an elaborate plan
- Raise funds
- Buy equipment
- Register the business
Start by researching how other concession businesses began. This can be done through the Internet, reading books and talking to concession business owners. After gathering information, write down a business plan.
Raising funds can be done by approaching investors with the business plan or partnering with a close friend. Funds can also be acquired from a personal account or taking a loan.
Having raised enough funds, buy equipment necessary for the running of the business. A trailer, plates and cups are among some of the things to buy.
The business should then be register according to the law. Determine the location of the business and launch after some form of marketing.