Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.
On average, a bag of ice will cost anywhere from as little as $1 for a 10-pound bag to as much as $6 for a 20-pound bag. The cost of ice will depend on the amount in the bag and the store selling it. A block of ice, which usually weighs around 50 pounds, can cost $20 to $35. Samâs Club, for instance, sells their 20-pound bag for $3 a bag.
Thompson said starting costs can begin at $10,000, depending on what type of machine and the number of flavors a prospective stand owner buys. While manual ice shaving or crushing machines can cost a few hundred dollars, commercial electric machines can cost $1,000 to $4,000. Although he does other work during the off-season, Thompson said snowball stand owners can turn a decent profit, especially considering the short work season.