|Name Of Company||Location||Estimated Cost|
|1||Prestige Food Truck||Orlando, FL||$70,000 – $130,000|
|2||Caged Crow Fabrication||Saint Germain, WI||$70,000|
|3||Carlin Manufacturing||Naperville, IL and Fresno, CA||$69,500|
|4||Chef Units, LLC||Houston, TX||$65,000|
|5||Cruising Kitchens||San Antonio, TX||$70,000|
|6||Custom Concessions||Elkhart, IN||$71,000|
|7||East Coast Custom Coaches||Manassas, VA||$69,500|
|8||Gorilla Fabrication||North Charleston, SC||$40,000 +|
|10||M&R Specialty Trailers and Trucks||Macclenny, FL||$37,000|
Starting a Food Truck Business
Starting a food truck business is running one of the types of food establishments. Mobile food trucks sell food to customers in festivals, carnivals, stadiums, parks, and other public venues. Running this business successfully requires qualitative customer relation skill, a passion for food, and willingness and ability to adhere to the regulations of the local health. Foods like onion rings, sandwiches, French fries, salads, and hot dogs are sold in mobile food trucks. Food truck business is an avenue for entrepreneurs to forge a path they love and achieve financial freedom. However, to successful startup a food truck business, the following must be put into consideration:
- Business Plan: Business plan is never a waste of time. Your business plan indicates things like how you want to be heard, your parking space, your type of truck, and your projected profit. With this plan, you’ll be able to start your business in a guided direction and run it without distraction.
- Menu: The food items you plan to sell should be outlined. This will let you know the type of truck you need, the kinds of equipment the truck should contain, and the size of the truck.
- Local rules and regulations: Knowing all local rules and regulations regarding food truck operation in your city is essential. Operation rules and regulations vary widely from city to city irrespective of the proximity. Some cities even sell special permits to food truck operators.
- Parking space: Food trucks can be very big sometimes, so if you plan on operating a full-sized food truck, you will need to find a suiting parking space. For instance, your neighborhood association may not allow you to park even in front of your home.
- Connection: Food truck business is not just parking in a crowded place during lunch. Corporate functions and special events can also be handled by mobile trucks. You can also pay event planners to stay on their properties so that you can sell your products to their attendees. Having a head start means having a connection with the municipal and business world.
- Social Media: Most successful food truck businesses today make use of the opportunities presented by social media to attract customers and generate buzz. With social media networks, you can keep your customers up-to-date and know how to serve them better.
- Expansion: Once you have hit the ground running, start thinking of merchandising. You can decide to sell promotional items, face caps, and t-shirts in person and online. The more unique you are, the more your customers will be willing to wear your caps and t-shirt (a form of advertisement).
- Get Financing: After you’ve known the amount your business requires, create a finance plan. Be it owner-financing method, loan from credit union or bank, peer-to-peer borrowing network, or borrowing from friends and family. You should outline the initial payment you can afford and the interest you’ll owe throughout the loan period.
- License: Get in touch with your local health department so that you can be duly licensed to operate a mobile food truck. Some of the required license includes food manager’s license, vending license, food handler’s license and food manager identification license. You should also attend licensing classes, write and complete licensing exam and pay licensing fees.
- Licensed foods: A list of accepted foods for mobile food trucks should also be obtained from your local health department. Your food plan must take cognizance of the list collected. Some states also require the approval of this food plan by the health department.
- Business license: You should apply for a business plan through your county clerk’s office or local small business administration office. And if it is a partnership, limited liability, or corporation, you should register your business through your state’s secretary of state’s office. Also an application for an Employer Identification Number with the Internal Revenue Service is necessary for tax forms and other business documents.
- Food truck health inspection: Contact the health department to complete a health inspection of your mobile food truck. These inspections can be done at the health department or may have an inspector visit you. This is based on the regulations of your local health department.
- Finally, contact your local department of motor vehicles to apply for a Class A license to drive a mobile food truck.