The earliest street food vendors trace back to ancient Greece where small fried fish were first to make the menu. Today, a new generation of street food enthusiasts are lining up at food trucks. Affordability and flexibility are just a few benefits of starting a mobile food service business. If you happen to be an entrepreneurial spirit a food truck business could be the perfect fit.
Professionally trained chefs and home chefs alike can open a food truck for much less than a traditional restaurant operation. Ask existing food truck owners and they’ll tell you there is no set formula for determining how much it will cost to start a food truck business. However, research has shown that the medium price for starting a mobile food business runs anywhere from $75,000-$100,000 (this depends on location and state). This price includes essentials like the truck, permits, licenses, kitchen equipment and supplies, marketing and promotional needs, disposables, food ingredients and payroll.
Food service experts suggest the increased interest and revenue from the food truck business is largely associated with a slowed economy. People are seeking affordable lunches, breakfasts and snacks. Not to mention the convenience; food trucks quickly serve up hot, healthy meals.
Mobile food service businesses typically have lower overhead and require fewer employees than restaurants and can easily be moved from one location to another if one location does not generate enough revenue. These key points make starting a mobile food truck business great for someone who is entrepreneurial.
- Startup financing
- Time commitment: full or part time
- What are your ideas? How will you carry them out?
- Who do you envision as your customers?
- How will you get to your customers?
- Finally…what type of cuisine will you serve?
Food trucks can be found across the country in a variety of flavors from grilled cheese and cookie trucks to tacos and pizza trucks, mobile food trucks are a viable food service business that is expected to have huge growth over the next few years.