So you’re food fanatic and you love to create unique, delicious foods. You also love making money and keeping people happy and fed. You are an entrepreneur at heart and want to be your own boss, supporting an original idea that you came up with. What’s a better job than opening your own food business? A new generation of street food has made your job come true. Why not start a food truck business, that will surely become a staple of the American culture and fast food gourmet lifestyle?
Read on to find out just how you can start your food truck business, today! Right now! The street food industry has never been this rejuvenated and reinvented. Talented chefs and even self-starting food lovers may open up a mobile food truck for much less capital than opening up a restaurant, while providing the same high quality food. Simple menus that focus on specific cuisines and even fusions of different types of food can be an instant hit.
Fans will follow your locations through the internet and via social media networking sites such as twitter, so your marketing fees are pretty much free. As if that’s not enough incentive, just last year there was a booming 3 million food trucks in the united states alone, which shows that it is a lucrative business, with much less investment risk. The first step is to decide which foods you enjoy making, are good at, and would like to share with the world. Think about foods that can be made in mass quantities, with reasonable ingredients and will fit your budget.
Not so complicated preparation is key due to the cooking environment inside food trucks. Your decision on which foods to sell should depend on your experience at a business (keep it simple), the size of the business, the audience you are catering to, and your budget. Demographic groups in your area of service is crucial, since your potential customer’s needs will define the demand for your services (great food!) and your schedule of operation. You may want to decide which area of town will be your main or usual spots, and around what times (peak meal times) you would like to operate.
If you’re feeling ambitious, maybe consider lunchtime, dinner time, and even late night snacking time to operate full force. Consider your start up costs to make sure you stay within budget. The field is so broad and specific to the types of food you want to sell that you really have to have everything analyzed and listed out. There’s no set formula, but consider large expenses like the cost of the food truck, kitchen utilities and supplies, initial food purchases, permits and registrations, marketing, business insurance, and maintenance of your vehicle. What’s especially unique about running a food truck business is that you will have to consider getting car insurance and an inclusive business insurance policy.
Don’t worry, you’re saving majorly already by cutting back on employee fees, rental fees for a physical space and other costs. Commercial vehicle insurance is a necessity in your industry, since you will rely heavily upon your truck each day. You wouldn’t want it to break down, without having the proper insurance processes to help cover the costs of repairing.