Do you love food and travel? Do you like to serve people high-quality food items? Do you have a good idea for the right location? Can you keep up with the demands of a hungry crowd?
If so, then you might be interested in learning how to start a Food Truck Business.
Brainstorm Your Food Truck Business Idea
In starting any business, one of the most important things is to put together a well-written plan. Laying out exactly what needs to happen for you to be successful helps put everything on the table so you don’t miss anything.
You can use some free great resources like Xmind or MindMeister to brainstorm your business strategy.
Determine Who Your Customer Is And Find A Location
Next, you will need to focus on your target market – who is your audience?
The beautiful thing about the food truck industry is your business is on wheels. Consider busy office or industrial parks where people are on the go and seeking a quick meal.
Local events, trade shows, breweries, and arenas are great places to post your food truck.
The good news is that you are mobile and will have the ability to travel to multiple locations and special events. Ultimately, you will need to figure out the best spots in your local area.
How Big Is The Mobile Food Service Industry?
In other words, that means more and more Americans are dining with Mobile Food Service Vendors.
Why Starting A Mobile Food Business Now Is A Good Idea
Simply put, more and more Americans are opting for better choices when it comes to fast food on a budget. This trend indicates that consumers want good food and they want convenient access to quality food vendors in close proximity.
Here’s a neat little infographic we created to outline some of the main points of starting a food truck and the industry itself.
Food Truck Business Facts
2015 Food Truck Industry Data
National annual projected revenue: $1.2 Billion
Average range of startup costs: $40,000- $150,000 (Option of New or Used Truck)
Total number of food trucks in U.S.: 4,000+
Average revenue generated per food truck: $250,000 – $300,000
Average spending per order at a food truck: $12.40
Average cost of new food truck: $75,000-$90,000
Average 2015 Food Truck Startup Costs: Average Cost
Food truck (includes wrap and equipment): $85,000
Initial product inventory: $1,500-$2000
Permits and licenses: $300-$500
Register / POS: $250-$500
Paper products: $150-$250
Misc. expenses: $500-$1000
Pots, pans, etc.: $1000 – $2000
Fire extinguisher: $100-$200
Total Estimated Startup Cost: $80,000 -$100,000 (with New Truck)
Food Truck Business Ideas
Modern technology such as Facebook, Twitter, Snapchat, Instagram and cell phone messaging have allowed food truck vendors to alert potential customers to their locations. It also allows them to develop a loyal following in their community.
It’s not just for hotdog vendors anymore. Now, patrons can dine on fancy cuisines such as gourmet Tacos, Sushi, and other exotic selections.
While you can always go with barbecue, hamburgers or sandwiches, you’re going to have to separate yourself from every other food truck. There’s literally hundreds of food truck recipes, so be sure to think outside the box for something that is tasty and your patrons will enjoy.
Starting A Food Truck Business? Here Are Some Ideas
How about Asian cuisine? Or Mexican cuisine? Or maybe a dessert truck is more up your alley.
Struggling With What To Name Your Food Truck Business? Here Are A Few Ideas:
Mobile Munchies Lunch Gourmet
Lunch 2 Go Mike’s Mobile Deli
Super Truck Lunch Gourmet Lunch on the Run
Dolly’s Lunch Truck Lunch Box on the Go
The Lunch Box Mighty Fine Foods
Mr. Grub Hub Dr. Lunch
Speedy Gourmet Got Lunch?
Galloping Gourmet Lunch Lovers
Big Man’s Lunch Box Yucatan Lunch Stand
The Yucatan Food Stand Lucky’s Lunch Truck
Luke’s Lunch Box BBQ 2 You
The Lunch Truck Chef’s Lunch Box
Fantastic Food Fabulous Foods 2 You
Momma’s Mobile Menu Have Food Will Travel
Wheels & Meals Rolling Gourmet
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