There are Pro's and Con's to each Food Trailer option, and depending on your situation, they both have value.

Rent

Pros of Renting:

• Low barrier of entry ($5k to get started, see more below)

• Low risk (if you don't love it after 6 months to a year, you're not committed)

• Comes fully equipped (see more info below)

• No bank note

• No financing

• No credit necessary

• A great way to test your concept

• Great for short term (6 mo to 1yr, but of course you can rent longer) Rentals allow you to keep more startup cash on hand so you can invest your startup money in other areas such as marketing, training, etc.

• Rentals are a great way to expand with minimum cashflow demand without the headache of financing

• Equipment/maintenance issues that are a result of defects are covered by Lessor. Normal wear and tear covered by lessee but lessor can assist with his team in 24 hours or less. Example, your fryer goes out. We'll replace it! If it's defective, it's not cost to you. If it's a result of wear and tear (example fryer fire), we will replace it but the cost is on you. The good news is with rentals, we get you taken care of FAST!

Cons of Renting:

• You don't own the trailer. (but we have a lease to own program--please inquire)

• Monthly payment between 1500-1850/month

• You can't move it regularly. Once we set you on your site, you are locked in there. Rentals are for permanent locations only. Of course, you can move permanent locations and we can help with that.

• **If you plan to move often and do festivals and events, you'll want to look into purchasing, and maybe even a food truck over a food trailer. (We do have a festival program for short-term rentals. Please inquire for one-offs).

• Must have $5k to get started

Own

Pros of Owning:

• The trailer is yours!

• You can choose your color and finishes

• You can equip, customize and upgrade as you wish

• You can have the interior customized to your exact specifications

• You can have all the mobility and move it when and where you want at anytime

• With good credit and a strong lending partner, you can finance it. Payments can be as low as 400-1200 per month depending on down payment and interest rate.

• If you pay cash in full, you don't have to pay any interest or deal with any financing or lenders

• If you don't love the trailer business and keep the trailer in good shape, it always has value. You can easily sell it.

Cons of Owning:

• High barrier of entry: in other words, pricey. Most new trailers fully equipped and built to our highest professional standards run 29-40k on average, which means a lot of cash upfront.

• Financing can be difficult. Food trailer lenders are hard to find, although they do exist. And when they do, the interest rate is typically high (8-15%) because of the risk to the lender.

• Equipment failures and maintenance are entirely your own responsibility.

• If you're financing, you may have a long note (up to 5 years).

• If things don't work out (the reality is, sometimes they don’t), you will still have to pay the note until you can find a way to unload the asset by selling it to someone else until the note matures.

• If you're not financing, and you paid cash, and things don't work out, you have to deal with finding safe transport and storage for the trailer, and the responsibility of figuring out what to do with it when it's no longer in use by you (sell, rent, trade, etc)