How Much Does It Cost To Start A Food Truck Business?
Have you ever considered starting your own restaurant business? If you have researched it, you know the high cost involved with such a venture. For many aspiring small business owners, an attractive and smaller budget option is starting a Food Truck or Food Trailer Business. It can encompass all of the rewards of owning your own creative food establishment with less start up cost and the added flexibility of being able to take your business with you wherever you go.
According to a market survey article by Investopedia posted at Forbes Magazine:
“In recent years, consumers have increasingly turned to mobile food trucks for breakfast, lunch, dinner and snacks in between. A industry survey by IBISWorld placed annual revenue from food trucks around $1.2 billion in 2009 and annual growth rates from 2007-2012 near 8.4% annually. “Street Vendors in the US: Market Research Report” estimated that there are over 15,500 individuals who serve food to diners in open-air locations. Due to the continued growth in popularity, starting a food truck is a viable business opportunity.”
This positive growth in the food truck industry, combined with a fast paced lifestyle for many city residents means considering your own Food Truck business is definitely worthwhile.
Investing in a Food Truck or Food Trailer does not come without it’s own unique set of considerations and potential hurdles to cross. Careful cost analysis, combined with licensing and vehicle requirements are all a necessary part of planning your future mobile cuisine dream.
How much does it cost to start a Food Truck Business? Mobile-Cuisine.com posted this informative article of the potential food truck start up cost involved. They’ve created a very useful chart which breaks down the various one-time and reoccurring costs that should be considered when calculating expenses for your food truck business. Do keep in mind the figures listed are just an estimate and can vary widely depending on your location and type of business goals.
If you’re interested in exploring the potential of investing in the popular and growing food truck industry, please contact us here at Northwest Mobile Kitchens for personalized estimates on custom built food trucks and food trailers. Whatever your goals and requirements, we can help you create the mobile kitchen of your dreams – Let’s Get Started!