Interested in starting a food truck business?

Interested in starting a food truck business? 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

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