For many would-be business owners, a business that is both affordable to own and easy to operate is a top goal. Additionally, a business with a steady clientele of repeat customers that offers independence in day-to-day operations, as well as the opportunity to work primarily outdoors is a huge plus. Food trucks, delivery routes, and RV parks share all these traits. So why do food trucks, delivery routes and RV parks make such great business investments?
FOOD TRUCKS – Serving What’s Fresh, Local, Fast and Convenient
Mobile businesses are trendy right now, and food trucks are among the most coveted options. According to Intuit’s Report “Food Trucks Motors into Mainstream”, there were approximately 300,000 food trucks across the U.S. in 2012, which averaged to about one truck per every 117 people. The industry is expected to reach revenue earnings of $2.7 billion by the end of 2017. That’s huge compared to the $650 million revenue of 2012, and industry growth is expected to continue climbing.
A food truck can be a financial success with some special care and attention. You’ll need a truck (either an existing food truck or one that can be modified to be one), a food niche, tasty recipes, cooking equipment, inventory, trained employees, and a strong business plan. And since most food trucks have less than five employees on hand, you can make it a friend or family affair while still working daily and earning up to $250,000 annually. Take a look at these food truck businesses for sale you can buy right now.
DELIVERY ROUTES – A Big Part of Today’s Growing On-Demand Economy
Over 72% of American adults use some type of on-demand online service, according to Pew Research. In fact, everything from a nationwide chain of grocery stores to a “mom and pop” bakery requires their products to be delivered. It’s often easier and more affordable to hire a private service than to contract with a large corporation to do the job. And in many cases, those routes can be easily obtained and secured by an industrious entrepreneur.
A recent study by IBISWorld found that Couriers & Local Delivery Services in the U.S. alone is an $82 billion industry with an annual 1.3% growth rate. But you certainly don’t have to buy a franchise or deliver business-related packages every day of your life. Local independent routes are simple yet effective money-makers as well. Some of the most popular types include bread routes, snack routes, cookie routes, vending machine routes, pool routes, ATM routes, and courier routes.
Route owners are usually independent operators or sole proprietors, so delivery routes are often bought and sold between individuals as opposed to businesses. The right route business may include a delivery truck or vehicle, overflow stock, client information, existing delivery schedules, and even some business supplies. Depending on the type of route chosen and the number of hours devoted to it (usually between 5 to 60 hours per week), owners can potentially earn $5,000, $10,000, or even more on a weekly basis from the right delivery route. Take a look at these delivery route businesses for sale you can buy right now.
RV PARKS – A Popular Cost-Effective Alternative to Traditional Vacations
According to USCampground.info, there are approximately 13,000 privately owned RV parks across the 3.8 million miles of America’s landscape. While it’s not one of the top income-earning industries, RVing has become such a popular activity that almost 50 million annual campers choose a recreational vehicle for their vacation excursions. That helps to make campgrounds and RV parks a $6 billion industry with an annual 2% growth rate, according to IBISWorld.
The best way to hit the ground running is to buy an existing RV park from its owner. Add improvements and amenities such as a swimming pool, a skate park, tennis courts, RV repair services, a merchandise and food retail outlet, and gently rustic accommodations for those who don’t have an RV but still enjoy the “camping” experience. Be sure to advertise well via the Internet and consider highway-based billboards during peak seasons—at least until word-of-mouth advertising kicks in.
Charge accordingly for services, products, and memberships, and always keep the amenities clean and repaired. Yelp and Google ratings matter. Give your customers an amazing experience away from home and ask for positive reviews from happy campers to grow your business. Are you interested in buying an RV park? Take a look at these RV park businesses for sale.
That said, it’s easy to understand why food trucks, RV parks, and delivery routes make great business investments. If run properly, each of these businesses have the ability to provide consistent success for relatively minimal effort. Food trucks entice hungry customers with their palate-pleasing specialties. RV parks offer vacation getaways with special deals and packages for fun-seeking travelers. Plus, a growing number of businesses are now offering deliveries, which is great news for those looking to operate delivery routes.
Regardless of which option you choose for a business, remember to obtain all the necessary financing, permits, and licenses. They will vary depending on the type of business you choose and your area regulations, and getting those settled prior to opening shop ensures no downtime during the peak season.