Do you want to start a food truck? Here, we’ll breakdown the cost of a food truck, as well as provide pointers and advice to make sure your wheels always spin a high profit!
Since its beginnings in 2008, the Food Truck trend has altered the food buying experience. People don’t have to sit down and visit expensive restaurants to experience high-level cuisine and quality food.
If you have a desire to take to the open road, and leave your office behind, then you need to be aware of the cost of a food truck, from opening to operational expenses.
In this piece, we will outline the cost of a food truck, and show you specific ways you can ensure your food truck is profitable.
In the last ten year, food trucks are growing faster than commercial restaurants.
The upfront, starting cost of a food truck is about $50 – $100,000.00.
In 2017 alone, food trucks generated over $2.5 billion in revenue, which represents over 400% growth in only five years. That’s a pretty incredible growth rate for such a niche industry.
If these numbers are appealing to you, then you need to learn everything about the cost of food truck, before you invest anything financially.
Upfront cost of a food truck can be approached in two different ways. You can either rent or buy a food truck. You can typically purchase a food truck for fifty to eighty thousand dollars. The cost of purchasing a food truck will depend on whether you are buying a new or a used food truck.
Often, new business owners will decide that renting a food truck is more financially feasible than investing in a purchase. The average cost of a food truck lease is two thousand to three thousand dollars a month, but this price will vary depending on your state.
Food costs are the second most important part to consider when thinking about the cost of food truck. The food cost will depend on the type of cuisine you are selling.
Another extremely important factor when considering the cost of food truck is the food truck point of sale system. A proper POS system will let you processing all types of payments, including credit cards, mobile wallet apps and physical cash.
The proper food truck pos system will be able to provide you with inventory management features, a loyalty and rewards program, and sales reporting to ensure your business is in the best position to make revenue.
With eHopper Food Truck POS, you can offer online ordering, track sales based on employee, location or time, use SEO features so your truck shows up in local search results, upsell your customers based on their order history, and track every piece of inventory to make sure you aren’t wasting too much.
To test the eHopper food truck point of sale today, please visit ehopper.com/food-truck-pos/
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