Hot Dog Vendor Salaries
The average Hot Dog Vendor salary in New York City is $21,983, slightly below the national average of $22,204. The salaries range from $17,030 to $32,920, with a median salary of $20,420. The top 80% of vendors make $32,920.
Costs to Run a Hot Dog Stand
To start a hot dog stand, you will incur costs including:
- Cart and Equipment: $3,000 – $20,000
- Inventory: $300 – $1,000
- Permits and Licenses: $100 – $500
Running a stand can cost up to $4 million per year, with foot traffic locations costing over $1.7 million. A simple hot dog costs vendors between $0.45 to $0.80 to prepare and can be sold for around $3.25.
Location Costs in NYC
Only 150 permits are available for desirable public park locations. The cheapest location is $700 per year at Inwood Park. The main spot in Central Park commands a price of $200,000 annually, while other prime locations in the park can exceed $100,000.
Hot Dog Stand Owner Earnings
After considering expenses and fines, average vendors earn between $14,000 to $16,000 yearly, with a potential annual income of $60,000 or more. Hot dog carts can be purchased new for $4,000 to $8,000 or used for $1,000 to $5,000.
Infrastructural Aspects and Regulations
There are only 3,100 NYC hot dog licenses, with park permit auctions occurring every five years, where prices can reach very high levels. A new hot dog cart will cost between $4,500 to $20,000, while a used one is priced between $1,000 to $5,000. Hot dogs to patrons cost between $1 to $3 each.
Unique Cases of Costs
In 2013, the prime Central Park Zoo spot cost $289,500 annually for a permit. Additionally, enjoying a hot dog at a Yankees game represents a cost due to game tickets and parking, notwithstanding the $3 hot dog.