Interested in starting a food truck business?

Written by: Mary King 9/2/2021.  https://fitsmallbusiness.com/

I’ve received several calls from entrepreneurs wanting to venture into the Food truck industry. I found this article published on fitsmallbusiness.com. The original article is over 15 pages; here is the condensed version that includes a startup cost chart…

How to Start a Food Truck Business in 9 Steps

To start a food truck, you need a competitive and appealing concept, a viable business plan, a fully equipped food truck, and a solid marketing strategy to build your customer base. If you’re looking for a money-making business idea, a food truck is a great one. Successful food trucks can bring in more than $500,000 per year, with startup costs around $40,000.

Starting a food truck generally takes three to 12 months and requires these nine steps:

1. Research local food trucks and laws
2. Choose a name and concept.
3. Register your business and open a bank account.
4. Raise funds for your food truck.
5. Get licenses, permits, and insurance.
6. Purchase your food truck.
7. Purchase equipment and supplies.
8. Hire and train staff.
9. Market your food truck.

Food Truck Startup Item
Approximate Cost
One-time cost
Purchasing a Food Truck
$5,000 to $125,000
Vehicle Inspection
$100 to $500
Retrofitting and Bringing Your Truck to Code
$25,000 to $50,000
Generator
$1,500 to $10,000
POS Software System and Hardware
$500 to $1,500
Paint
$1,000 to $3,000
Truck Wrap
$2,500 to $5,000
Initial Food Purchases
$500 to $2,000
Utensils, Papers, and Goods
$500 to $2,000
Website Design
$500 to $3,500
Initial Office Equipment and Supplies
$200 to $1,000
Advertising and Public Relations
$500 to $2,000
Professional, Legal, and Consulting Fees
$500 to $2,000
Recurring startup cost
Payroll (Up to Four Staff Members)
$1,500 to $3,500
Commercial Kitchen and Commissary Rent
$500 to $3,000
Monthly Credit Card Processing Fees
Around 3% of sales
Fuel
$250 to $400
Insurance
$5,000
Permits and Licensing
$50 to $10,000, depending on location
Total Estimated Costs
$40,000 to $200,000