Lemonade stand for kids
Kids won’t likely make an impressive profit by having their own lemonade small business, but they will learn the valuable lessons associated with being an entrepreneur.
Share the reason for opening the stand with customers, such as earning money for a cause or to help pay for an upcoming camp or school trip.Locate the stand in a high-traffic area to gain exposure.Price the lemonade to sell – not many people will buy a $5 cup of lemon juice, sugar, and water, so keep it close to $1 to entice customers.In addition to getting the right permit, should you need one, lemonade stands will be the most successful when they follow these tried and true small business tips:
Lemonade stand for kids how to#
Plus, it will tech your child how to operate a business correctly, setting them on the right path for future success. Getting a permit comes with a cost in most locations, but this is nominal compared to the price you – and your child – pay for violating the law. You can visit your local business and vendor licensing or permit office to request a temporary “pass” for your child’s activity, providing information on when the stand will be open, what business it will be engaged in, and its location. The good news is that getting a permit is a relatively simple process. This may sound absurd, but it is a reality in many locations. Should your child open a lemonade stand without a permit, you could be facing fines of up to $1,000 for not following state and local laws. Yes, you read that correctly! A food service or business permit may be required if you live anywhere other than California, Colorado, Connecticut, Illinois, Louisiana, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New York, North Dakota, Texas, Utah, or Vermont where you don’t need to have a permit to operate. State and Local Permit IssuesĪlthough opening a neighborhood lemonade stand can be a profitable endeavor for kids, it isn’t all fun and games when it comes to the legal aspects of opening up shop.Īll but 14 states require parents to obtain a permit for a lemonade stand. If a stand is up two days a week for three weeks out of the summer season, this means potential revenue ranging from $60 to $450.
Lemonade stand for kids full#
Over the course of a full day in a heavy traffic area, kids could see between 20 and 50 customers, resulting in $10 to $75 in sales. Once start-up costs are calculated in, kids then get to the fun part of the process – making and selling their summertime beverage.īased on the size of the cup used to serve customers, kids can bring in anywhere between $0.50 and $1.50 for each sale. However, the more expensive the start-up costs, the lower the profit margin for your child’s business.
Lemonade stand for kids professional#
On the lower end of the spectrum, children simply need a few pounds of lemons, some sugar, enough cups to get through the day, and a cardboard sign advertising their prices.Ī higher-end lemonade stand is more involved, including the purchase of a pre-fabricated stand that looks more professional than a hand-written sign and a table from the garage.