Business development 4 November 2016

13 steps to becoming a street food vendor

street food
Roughly 2.5 billion people worldwide now eat street food each day
The image of street food has changed. The days of humble white-panel, greasy-spoon food vans are long gone. Nowadays, grub on the go has grown in popularity to the point where vendors of all shapes and sizes have established successful businesses.

Are you interested in becoming a street food vendor? Marketing head at Northgate Vehicle Hire, Jonathan Pearce, helps answer some pressing questions about the growing market.

How popular is street food?

The numbers do the talking in terms of answering just how popular street food is today. Search volume for the term ‘street food? has jumped by 83 per cent between 2014 and 2016 up to more than 4, 000 average monthly online searches this year compared to around 2, 000 average monthly searches two years ago.

While the term ‘street food van? has seen average monthly searches remain below 1, 000 searches over this same period, it is intriguing to hear that the search volume for this phrase has increased by 320 per cent over the past two years.

According to estimations by the Food and Agriculture Organization of the United Nations, around 2.5 billion people across the globe now eat street food each day.

Focusing more closely on the UK, it has been reported that there are over 7, 000 units serving all manner of food at festivals and markets across the country.

Why opt for becoming a street food vendor over opening a restaurant?

To answer this question, take note that the Nationwide Caterers Association has stated it can cost more than 50, 000 to get a restaurant open for business. On the other hand, street food can be more affordable.

  • It can cost under 5, 000 to purchase a small used catering trailer or market stall
  • It can cost between 5, 000 and 10, 000 to purchase a trailer, second hand van or refrigerated vehicle
  • It can cost between 10, 000 and 20, 000 to purchase a new van or larger trailer
  • It can cost between 20, 000 and 50, 000 to purchase a new vehicle and get all of the conversions you require carried out on it

 
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