Secure financing.

If you require financing to start your new business, you will need to go see your bank about a business loan or a line of credit. Otherwise we can put you in touch with our own financing specialist.

To deal with the bank or financier you may need to compose a simple straight forward business plan. You can get business plan software at a business supply store on a CD or help may be available through a government organization that assists new business start ups.

Before they give you money, the bank or finance company wants to see that you have done your homework and that you know and are prepared for what you are getting into. So you will need to make a list of your business start up expenses. This will include not just the purchase cost of the hotdog cart but also the costs for the various licenses, permits, inspections, training, location rent, initial inventory cost, commissary expense, auxiliary equipment purchases, insurance, any other business expenses such as a cell phone and bank accounts.

The finance company will want to be sure that your new business is viable. So they will want to see that you have done some marketing research before hand. Some good statistics are available online at www.hot-dog.org. You should do some serious scouting and recording of details regarding your location including the population of the potential customer market, the foot traffic volume and the number of and location of competitors. This can be compared with the national statistics found on hot-dog.org to give a realistic idea of your market potential.

Call us and we would be happy to recommend a finance company in your area.