Industry Analysis & Industry Trends
While the larger food-service sector relies on buoyant consumers to drive revenue, the Street Vendors industry has not been as susceptible to volatility in consumer spending and confidence over the past five years. In the five years since the recession, many consumers spent less on discretionary items such as food purchases. However, street vendors were largely able to avoid these potential hindrances by selling food that is even cheaper than traditional fast food restaurants. The public's newfound obsession with food trucks will likely subside over the next five years, but sustained interest from major metropolitan areas will still present some opportunities for growth... purchase to read more
Industry Report - Industry Products Chapter
The industry comprises a variety of mobile operators. About 96.4% of industry revenue is derived from the sale of food and drinks to customers who eat it on-the go. This overwhelming majority is a result of vendors not typically providing tables and chairs for customers' use.
Operators can work on an owner-operator basis for a single vehicle, or a business can own a number of vehicles and hire employees to operate them. An operator might also lease the vehicle to others for a flat fee or percentage of sales. Due to the strict health regulations regarding cleanliness of vehicles, food preparation and storage, operators are usually linked to wholesale supermarkets or similar establishments that can provide food and beverages in accordance with these requirements... purchase to read more