A LITTLE FOOD FOR THOUGHT
Some New York City Hot Dog Vendors Pay More Than $200,000 for Permits
When franks go for $2, how do they even turn a profit?
While the typical New York City hot dog costs about the same ($2) at every street cart, the fees charged to vendors can vary wildly. Some pushcart owners fork over just a few thousand a year, while others pay the city more than $200,000 just to park their carts in the right spots.
According to the New York Times, Mohammad Mastafa, who has a cart on Fifth Avenue and East 62nd Street near the Central Park Zoo, pays the city $289,500 annually for his location. And he’s not alone. Four other cart owners in Central Park pay the city more than $200,000 per year. In fact, all of the permits that cost more than $100,000 are for carts located in the Big Apple’s most famous —and largest—green space.
The price to run a hot dog cart in Central Park is rising higher than inflation. According to the New York Times, 10 years ago Mastafa would pay less than half of what he pays the city now.
Every five years, the permits for the parks department carts go up for bidding. And it’s definitely a profitable venture for the city, which earns more than $4.5 million per year from pushcart concessions.
Because jockeying for permits is so competitive, none of the street food vendors interviewed for the article would divulge exactly how much their pricey carts net per year. But one of the vendor’s suppliers speculated that in order to turn a profit, Mastafa’s street cart would have to bring in more than $425,000 per year.
DAWG SAYS: THIS ARTICLE IS A FEW YEARS OLD AND I BET IT COSTS MORE NOW. THAT A LOT OF HOT DOGS TO SELL ABOUT 200 -300 A DAY, JUST TO PAY FOR THE LICENSE ALONE
IS THIS GUVMENT RUN WILD?