The food truck industry can be lucrative. This guide on starting a food truck business is for you if you’ve ever considered providing wholesome meals on the go.
Even though they might not have the funds, food enthusiasts with an entrepreneurial itch could be able to start a food truck business instead of a traditional brick-and-mortar restaurant.
A huge vehicle with a kitchen to prepare and serve meals is called a food truck. They are spreading like wildfire across the country and are rising in popularity. Since acquiring a restaurant space is quite expensive, many business owners choose to operate a food truck instead.
Food truck startup costs
The initial launch costs for a food truck business depend on a variety of things. Additionally, there are expenses that are one-time and location-specific.
A food truck’s purchase, a point-of-sale (POS) system, a truck wrap, a website design, office supplies, advertising, and public relations, as well as any professional, legal, or consulting fees, are examples of one-time startup expenditures. This list, while not exhaustive, provides prospective food truck entrepreneurs with an idea of some of the initial costs.
Then there are the ongoing expenses, which include fuel, payroll, equipment rental, and credit card processing. Every new food truck enterprise must also secure the necessary permits and licenses, which change based on the location.
While the cost of starting a food truck business varies greatly depending on your specific situation, costs can range from $28,000 to $114,000 to get the business off the ground.