Recently, the hot topic is the “stall economy”. Local governments have also issued policies to support the “stall economy”, and examples of people getting rich from “stalls” have sprung up in the media. So can stalls make money in the United States and Canada?
United States.
In the U.S., there are even academic studies that examine the advantages and disadvantages of floor stalls. In general, the advantages of stalls, because their business can be carried, transferred, quickly change location, fixed costs are relatively low; but its disadvantages are also very obvious, including fierce competition on the streets, people are prone to swarm, and weather changes, outdoor cold and heat, it is not easy to make a living.
New York street stalls people are familiar with, but also like, the world’s tourists feel convenient, and no one will think it will be detrimental to the image of the United States. New York street stalls mainly sell things such as drinks, cigarettes, hot dogs, halal food, frosted peanuts, nuts and quiche.
The world now also has International Street Vendors Day. It started in 2012 and is celebrated every year on November 14. Worldwide, it is estimated that there are more than 1 billion street vendors, involving 1.8 billion people, and people in all countries sell everything from goat milk and cell phone cards to car repairs and haircuts, in an informal economy of all kinds – a $10 trillion industry!
Back to the question at the head of the topic, how much money can be made by stalls in the United States?
There are 10,000 to 20,000 ground stalls in just one city in the United States, New York, and the tickets they endure will be a thousand dollars a year. There is a famous public case in New York, that is, in 2009, a hot dog stall, the Metropolitan Museum of Art to revoke the license, kicked away. The reason was that she did not pay the museum’s monthly rent of more than $50,000 in time.
People are surprised, selling hot dogs, how can pay $53,000 a month rent for the stall? And that’s not all. This woman, Pasang Sherpa, has a hot dog stand in front of and behind the museum, and she is contractually obligated to pay the New York Park Service the annual rent for two stands, one on the south side for $360,000 a year and one on the north side for $280,000 a year. Two together, that’s $53,000 a month! And the hot dogs? It’s $2.00 a pop. Guess how many hot dogs she must have sold! People also know that the vendor before her, who paid $410,000 in rent, plus over $20,000 for ingredients, must have made far more than $440,000 per year.
Of course, this is an extreme example; there is only one Metropolitan Museum of Art in the United States. What is the average annual income of a floor stand in the United States, and what is it? It is $14,000 to $16,000. That’s about $1,200 to $1,300 per month. This is actually equivalent to about $8 per hour, which is slightly higher than the federal government’s legal minimum wage of $7.25 per hour. Would your Excellency be interested in working on the floor in the United States?
Canada.
In Canada, the stall is a formal business, you want to set up a stall at least four certificates / permits: Business License (business license), Public Health Inspection (health permit), Food Handler Certification (food operation certificate), Propane License (heating skills certificate?). The Canadian marketplace has a long history of selling food.
Canada has a long history of street stalls, and they take many forms, from flea markets with fixed hours, cycles, and locations to home yard sales that are free and open at all times. And requires a strict license. Some of the ground stall goods are also very senior, not worse than in the store. Some of the more classic forms of floor stalls are.
1. Food Truck or Food Car, the Chinese name is food truck, is the Canadian has been very popular food stalls, the enduring. Just a car, whether it is a bicycle, cart, RV, or even truck, in short, selling food in the car, can be called as Food Truck.
2. Farmer’s Market, where fresh fruits and vegetables and produce are sold on the floor in a variety of colors, and often in better quality and fresher than in supermarkets.
3. Seafood Market, you can buy seafood at the fishermen’s wharf in every city in Canada. Fishermen will salvage the seafood on a large table, and then spread the fish and shrimp on it to sell, the sense of the stall is full. At seafood markets, you can always buy the rawest and freshest seafood.
So how much money can you make from a floor stand in Canada?
This table shows the results of the Toronto Food Truck Association’s questionnaire on food truck income: We can find that most of the vendors’ turnover is in the range of $100,000-$200,000 CAD.
Does this kind of Canadian food stall lifestyle and income move you?
