Food Cart Cost And Rent
Food carts are a great business, especially for those looking to start their first entrepreneurial venture. The reason is that they are affordable to maintain and require a relatively low initial investment.
There are many different types of carts with a wide range of prices depending on how complex the cart is, the materials used, and the equipment on it. Generally speaking, a cart can cost anywhere between P30,000 to P300,000, according to Josm Rosuello, president of the Foodcart Association of the Philippines.
The other cost associated with running a food cart business is the rent. Rent depends a lot on location. For example, rent in a mall can cost up to P25,000 per day, whereas a transit station will only cost around P200 per day.
Setting Up The Cart (Expense Breakdown)
As we discussed, setting up a food cart will cost at least P30,000, which will get you a simple wooden cart, and it goes up from there. However, we do have prices for popular equipment used to outfit standard carts, so here is a complete breakdown of the price for setting up a simple food cart.
A simple cart will cost around P10,000. Fryers and grillers will cost an additional P10,000. The actual food, packaging, and miscellaneous goods will cost an additional P10,000.
Where to Park Your Car
Location for any business is one of the most important decisions. When it comes to a food cart business, you want to ensure you are in a high foot traffic area. This is why transit stations and malls are so popular. Schools, tourist areas, and other places with high foot traffic but lower rent than a mall are good places to set up a cart.
One thing to remember is that you have a lot of competition at malls, and you’re competing with storefronts. You also have to pay a lot to rent at a mall. Transit stations also come with their issues.
The main one is that many people are in a rush and won’t want to stop for a bite to eat. You should always put a lot of thought into where you want to set up your cart and not be afraid to try a different spot if the first one doesn’t work.