Foodcart Franchise..Good business or not?..

Philippines
May 20, 2010 11:19pm CST
I'm thinking of engaging in such business..Do you think foodcarts are good business?..What do you think about the rate of return on your investment?..
4 responses
@xeroeight (1061)
• Philippines
21 May 10
In putting up a business like food cart, there are many things to consider, like the rent of the place for your food cart, second the food your going to sell, is it in-demand, third your employee and lastly do you have enough money to sustain all of this, because food cart business is not a one time investment every day you buy and sell product and you have to audit, visit the store and many more, For the return of investment you can estimate your net income per month, in that way you can estimate how long your investment will return, to compute your net income you must first decide what type of food, the price, your expenses on your product and the product sold per day, and also your employees monthly salary and your rent
• Philippines
21 May 10
Very well said!.. Thank you very much..
@o0jopak0o (6406)
• Philippines
21 May 10
well if you are the one selling then the return of investment is fast. well in this country they sell "fish balls" that sells really well. one vendor can earn $100 in a day and it is good. for just a month of selling he can earn $3000.
• Philippines
21 May 10
Really?..If that's the case, then great!.. Thanks..
• Philippines
21 May 10
I think that as long as you are dedicated with your decision to put up this business, you will succeed. With this kind of business, you should also take note of your location, it should be in a place with high foot traffic. Also study about other foodcart franchises, see if they are doing well. I think that would be a good gauge on your decision to put up this business. Good luck!
• Philippines
21 May 10
Thanks for the Advice..
• Philippines
21 May 10
im also thinking of the same business but its not that easy as the rent itself is already expensive plus the salary of the person who will look after it, if just the cart and the food supply is actually affordable. we tried to ask those and they said theres not much income from it unless you have a lot of them.
• Philippines
21 May 10
Awh..I see..Thanks..