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|10-01-2010, 07:37 AM||#16|
Full Fledged Farker
Join Date: 10-30-09
Remember - making a living is far different from making money. As you'll basically be spending pretty much every waking hour devoted to your business - after all is is YOUR business & your job - things like premium cable channels are unnecessary. You'll be going out to dinner far less - & likely eating a lot of left over Q. Less time around the house means lower utility bills. Forget having any kids for at least a few years.
Factor all this into what you need to take out of the business monthly to cover a reasonable living. Then take that monthly living amount & add it to the various overhead costs (food, supplies, insurance, equipment, start up debt, etc.) in your business plan. Then make a conservative projection for what you believe you'll make each month - & here is where the mobile biz suffers compared to a small take out joint. If you cannot cover all overhead - including owner wage - with your sales projection, then the business is not going to work.
On a side note - I opened a small take out joint for about what Ford spent on his mobile rig. Difference is:
1. I am open 5 days a week
2. No set up/tear down (have done that & it can wear on you quickly)
3. Weather is rarely a factor. (Actually find we have better days when the weather is dreadful. Folks dig comfort food on sloppy days.)
4. Operate year round.
5. Fixed location allows for a devoted & regular clientele.
Finally - my wife is a partner in the business. (Actually - she's the president of the corporation. Made myself vice prez.) She & I currently run the joint by ourselves with the occasional weekend kid. You have to have the wife on board - definitely.
Cha Cha Hut BBQ : 43311 Route 28 (corner of Route 28 & County Road 38: Arkville, NY : [URL="http://chachahut.com"]chachahut.com[/URL]
Backwoods Pro Jr.
busted Backwoods Fatboy
Weber 22.5 Kettle
some stainless wood fired thing
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