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	<title>CFOsnafu.com &#187; Hot dog</title>
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	<description>Some days it should be legal to keep two sets of books</description>
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		<title>First rule of hot dog vending: Location, location, location</title>
		<link>http://www.cfosnafu.com/first-rule-of-hot-dog-vending-location-location-location/</link>
		<comments>http://www.cfosnafu.com/first-rule-of-hot-dog-vending-location-location-location/#comments</comments>
		<pubDate>Fri, 13 Feb 2009 11:00:26 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["Seemed like a good idea at the time"]]></category>
		<category><![CDATA["Would you want this person in Finance?"]]></category>
		<category><![CDATA[Bad investments]]></category>
		<category><![CDATA[In this week's e-newsletter]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[Health Department]]></category>
		<category><![CDATA[Hot dog]]></category>
		<category><![CDATA[Metropolitan Museum of Art]]></category>

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		<description><![CDATA[How much is too much for a hot dog? When it goes over $600K, it&#8217;s time to draw the line. No one knows how cutthroat the concessions stand business is better than Pasang Sherpa. The entrepreneur successfully out-bid two major hot dog companies for the right to sell food outside of New York City&#8217;s Metropolitan [...]]]></description>
			<content:encoded><![CDATA[<p>How much is too much for a hot dog? When it goes over $600K, it&#8217;s time to draw the line. <span id="more-662"></span></p>
<p>No one knows how cutthroat the concessions stand business is better than Pasang Sherpa. The entrepreneur successfully out-bid two major hot dog companies for the right to sell food outside of New York City&#8217;s Metropolitan Museum of Art.</p>
<p>To be fair, Sherpa will need to sell a lot of hot dogs to recoup his expenses. He paid $280,500 to operate a cart at the north-side entrance and $362,201 for the premium south-side entrance of the museum at Fifth Avenue and 82nd Street. The Met sees more than 5 million visitors a year, but Sherpa has several problems in his way before he can get to business.</p>
<p>For starters, one of his two carts hasn&#8217;t yet been certified by the city&#8217;s Health Department. And even if he does get the cart approved quickly, the north-side entrance to the Met has been blocked by construction that started in October and is planned to continue through May. Finally, he&#8217;ll still have competition to worry about. Although Sherpa successfully won a contract for rights to the locations, a loophole in city regulations allows veteran operators to bypass the bidding process.</p>
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