How to Start a Game Truck Business
In order to become a successful game truck franchise owner, you must have a passion for video gaming. You must be obsessed with the game. Modern recreation truck business owners must constantly upgrade their equipment. To keep up with the competition, you can choose from different options, including buying a gaming truck franchise. We’ll be discussing both the pros and disadvantages of each option in this article.
Costs of renting a gaming truck
It is possible to start a mobile game truck business for a fraction of the cost of a traditional brick and mortar location. However, there are many expenses to consider. Renting a storefront in Manhattan, for example, can run upwards of $80,000 per month. A storefront lease in Florida, on the other hand, costs around $1,000 a month. Additional costs include filing for various licenses, taxes, and forming a business entity.
The costs of renting a game truck when starting a game truck business depend on the number of games that you want to offer. A typical game-truck can bring in $250 to $400 per event. Even if you are only renting a truck for one event, you can still expect to make an annual profit of more than $109,000 without loan payments. Once you know how much it costs to rent a gaming truck, calculate the monthly payments and subtract the profit from your first year.
Costs associated with owning a franchise gaming truck
The costs of owning a GameTruck franchise vary. The costs of a GameTruck franchise can vary depending on the size and location. The costs of running a GameTruck business may also include seasonal and local business expenses. While start-up costs are usually fixed, additional costs may arise as the franchise grows. Franchise costs are based on a franchisee’s agreement with the franchising company and/or the applicable supplier.
An initial investment of $95,000 to $110,000 is required to open a GameTruck franchise. A $19,500 franchise fee and a monthly lease are required. To break even, franchisees need to host at least 40 parties per month. While this may sound like a lot, it’s important to remember that the business does not require a truck or a loan. GameTruck franchisees will generate more than $2,000,000 in annual revenue.
Costs for purchasing a franchise gaming truck
The cost of purchasing a GameTruck franchise varies depending on many factors such as the size of the company, the type of games offered and the inventory. The average startup cost is between $110,000 and $150,000. This price does not include the truck nor the franchise fee which is $19,000. Franchise fees, in addition to the initial investment and monthly operating expenses, are covered by the franchisor. Franchise fees are paid by the franchisor. They will also receive a royalty of 7 percent of the gross revenue from games.
The cost of purchasing a GameTruck Franchise can range from $119 500 to $304,000 depending upon the model. After you’ve purchased the vehicles and trailers you will pay royalties of 7% per month. After this, you can begin running the business full-time or outsource it. You will need somewhere to store your GameTruck vehicles. This can be done in an RV lot, or on your property.