What You Need To Know About Starting A Food Truck

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Food trucks bring food to the customer. Starting in the food industry with a food truck is much less expensive then opening a restaurant.

At one time food trucks provided plain foods like burgers and hot dogs. Now the industry has grown and food trucks provide much more varied foods. Some food trucks even feature organic foods now.

The most important thing to consider will be location. You need to be in an area where you have customer traffic. You cannot simply choose a location, park your truck and set up business. You need to find out where your locality will allow food trucks to operate and then you need to obtain the necessary proper licenses and permits. Every city and town has its own regulations and requirements so contact the local government to find out their requirements.

To advertise your food truck use social media to build a bond with customers, to post your location and to post your menu for the week. You can receive customer feedback too.

Since food trucks need specialty equipment to comply with health department regulations buying a food truck will be expensive. A used truck may cost upward of $20,000 while a new one can cost much more. If you do not want to invest a lot of money you may want to start with a food cart before advancing to a food truck.

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Decide what type food you want to sell. Popular now are gourmet desserts and candies, foods from other countries, healthier type foods and organic foods. Check the area to see what is already available and plan to specialize in something different.

You will need to develop a business plan just as you need to do for any business. First you need to obtain financing to start your business. When developing your business plan you need to consider all the costs involved in running your business including any permits, cleaning, insurance, and stocking of the truck. Then you need to determine how much income you will need to generate each month to make a profit. The U.S. Small Business Administration has some basic tips if you are new to making a business plan and need guidance.

Anticipate emergencies will arise so you need to have funds aside to take care of these expenses. Equipment will need repairs, etc.

Talk with your insurance agent and obtain the proper insurance coverage needed for your business. Since your business is on wheels you will need to pay car insurance plus the additional premiums to cover the special circumstances of your business.

The food truck industry has become one of the hottest trends in new businesses recently. If you determine your want to start a food truck business expect to work long days. In addition to selling food you will need to do the stocking, prep work, cleaning up, advertising and bookkeeping. You might want to eventually add catering for business functions or events in addition to your daily truck sales.

Have specific goals in mind. Plan what you hope to accomplish in the next few years. You will stay more motivated when you are working toward specific future goals.