FOOD CART POD

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CONCEPT

Create an outdoor “Entertainment malls”. Providing food and retail with emphases on branding and entertainment. Developing and delivering community engagement and social needs to the community. Reducing/eliminating permits cost and development time by having all units constructed off site and truly  “Mobile”.  Every unit is self-contained.

HTFCP specializes in identifying, securing, and developing FOOD CART POD properties for HTFCP, our private investors, external clients, and investment groups. We also provide professional POD services and education in this highly profitable and emerging real estate asset class across various markets. Our goal is to develop properties more quickly and profitably than traditional real estate assets. Within months of identifying a property, HTFCP can achieve full occupancy and cash flow, delivering record-breaking ROIs, often tripling those of conventional commercial real estate. Importantly, our model minimizes delays associated with permitting and land use studies, infrastructure development, and construction costs typical in traditional commercial development. This approach significantly increases property values within months rather than years. HTFCP not only offers investors/partners the opportunity to achieve unprecedented ROIs through rental profits but also to swiftly pay off debt services from acquisition mortgages. Furthermore, we can act as the principal lender for your POD project or source loans from our established lending and factoring partners, leveraging our expertise in POD developments and underwriting requirements.

As with all new and continually evolving industries we are seeing unsophisticated investors

Traditionally, commercial property investors seek an ROI of over 8%, which may take years or even decades to achieve, relying on CPI indexes or market rent increases. Many properties struggle to generate positive cash flow, making it challenging for property owners to secure substantial loans against their properties without increased rental profits. HTFCP's "Sweet spot" entails curating 15-20 carts with a mix of retail and entertainment on half to a full acre.

HTFCP offers various investment options, including operator loans or partnerships. In select markets and with certain cart operators, such as local chefs or influencer personalities, we could provide up to 100% financing or leasing options through our cart manufacturers and partnership programs. Depending on the operator's experience, local reputation, and marketing prowess, HTFCP supplies the cart, startup capital, and even a living wage, repayable from future profits. Our ability to do this stems from our expertise in selecting successful operators and menus and our control over virtually all aspects of the operation. Through our proprietary POS system, we track sales and profits, rapidly identifying and addressing any weaknesses. This proactive approach helps our operators succeed. We also assist in designing SOPs, providing training, accounting, staffing, and marketing support for our partner programs. We believe our chefs are true artisans who are passionate about their craft but may need support in marketing and managing their food cart business. HTFCP's promise is to play a supportive role in our partner chefs' businesses without interfering with their learning and enjoyment of the cart business.

Hancock trading intends to bethe leader in developing this new real estate asset class.  The NW has seen an explosion in food cart and food cart pods.  The pandemic, low barrier to entry for vendors and developers in the relatively low investment for both to participate in food carts and food cart pods has driven the amazing growth.  Handcock trading can help you develop your project form start to finish in any state and also take on the role as the management company and master tenant helping your real estate broker underwrite a real market valuation when it comes time to sell your property.

1.  Indoor malls are dying, while open-air malls are thriving. Permit and bureaucracy is out of control. People/minorities are wanting to own their own business, and this is a very low-cost solution with little to low experience necessary. Ability for larger brick and mortar restaurants and retailers to have a “Footprint” in the community. 

2.  The cost of developing / construction of an indoor mall is very expensive, time consuming and comes with a lot of risk. Requires years of planning approvals and red tape with city-planners (Land use management) as well factoring cost and time for necessary permits. Once the permit is granted than time is required to construct with unseen costs and delays. If the plan fails, then there is a huge lost. Can’t simply move the development like we can with our model. Our food carts and retail units are built off site and ready to be delivered when tenant is ready.

3.  In addition to partnering  with manufacturers leasers of food  carts and a modular builder for temporary commercial units for our retail  "Retail condos" we are developing modular double and triple units with each unit sharing utilities, like hoods, HVAC, water heaters, waste disposal etc. Does not require individual trailers and licensing.

4.  No construction permit needed for units. As mobile units everything is regulated by the county health department.

5.  Secure. With strip malls, traditional food cart pods and indoor/outdoor malls requires some sort of security during closed hours. Shipping containers with their metal construction is very secure.

6.  Most food cart pods are not very well planned out. Little to no thought is given to mix of tenants, acquiring anchor tenants, entertainment to draw in consistent customers, management and marketing of the POD. This is crucial in the success of traditional mall planning. HTFCP seeks out local brands such as a Voodoo donuts, salt and straw as well as national and regional brands like In and Out Burger. Most POD owners generally accept anyone who pays for the space. Again, most Pods do not have any retail or entertainment at all! Our development would be centered around entertainment and community needs through events, concerts, sporting entertainment, such basketball 3 on 3 league, tournaments and E sports etc., not just food!

1.  Provide easy barrier to entry for tenants. Low-cost alternative to a brick-and- mortar business model or the now traditional food cart which costs upwards of 25k to 50k to purchase. A mix of owner occupied food carts and commercial retail units that are owed by HTFCP or manger for their investors to lease to tennats. Similar to the traditional strip mall and indoor mall models. 

2.  Low cost / short time to develop. Since nothing is attached to the ground there is little to no permits needed so save on time and money. Units are manufactured off site.

3.  Low operational cost. In an indoor mall there is a considerable cost to powering lights and ac / heating and constructing flooring, roof, HVAC for walking areas in the mall. Facility gains a lot more square footage without cost of operating.

4.  Developer owns all equipment which adds to the profit margins. With the traditional Food cart pod model, the developer only gets the rent from the pod or the one-time sale of the cart.  With our model we participate in leasing the carts that are fully inured by the vendor.

5.  Marketing, training, management provided by Handcock trading. We will provide a dynamic website training and marketing for the tenants.

1.  Little to no permits or city planning required for construction of the mobile structures. Only need a temporary power pole for electricity and access to water. Sewer disposal can be used from city or private service.

2.  Cost of electricity can be offset with solar on the units and can be additional profit centers.

3.  Utilizing shipping containers which are as little as $1500 for used ones and only up to 5k for new ones. No trailer is required. Can use caster wheels to make fully mobile if necessary. Cost of remodel 10-15k.

4.  Construction time/cost is reduced. Manufactured off site and to be easily delivered by trailer. Modular, multiple units per container saves on cost and time. Only need approval by health department.

5.  Purchase or lease the land. Used car parking lot or existing development with land or building for indoor units can be used. A used car parking lot is very low.

6.  Units can be leased for 2-3k a month. A 15–20-unit facility can produce residual income of 30-40k per month per development. 84k a month is approximately a million dollars a year!

7.  Additional income can be made by owning the bar/alcohol sales (Come up with our own brand). Income generated from producing/special events, basketball league and facility rentals.

1.  Basketball league with servers dressed in referee outfits on roller blades or golf cart

2.  Storage containers for additional warehousing for retailers.

3.  In house delivery support for tenants.

4.  Each unit can have its own sitting area on top of the container

5.  Multiple stories add to the feel of the experience. Themed locations catering to that area community

6.  Farmers market section

7.  Pop up artist and galleries.