Part 4/8:
During our day’s work, we grappled with the realities of profit margins. Ideally, a vendor should keep costs below 30% to sustain business. However, even with a bustling lunch rush, our initial earnings of just $50 were not sufficient, indicating that a day’s earnings can fluctuate dramatically based on time and location.
As the afternoon wore on, I began to see the peaks and troughs of hot dog sales. Dan shared that summer could bring in daily earnings of around $1,000, while winter months could see that plummet to as low as $400. Without careful financial planning, vendors could easily face hardship.