People have always been connected with food, but it’s an especially popular passion nowadays.
Whether it’s recipes their grandmother cooked for them, meals they’ve come up with on their own, or recipes adapted from their favorite celebrity chef, food is everywhere.
This can be so inspiring for a chef on the rise, especially one who wants to join the growing trend of starting a food truck business. Much like starting any business, though, there are things aspiring food truck owners need to know before burning asphalt.
There are so many factors that go into being able to determine start-up costs for a food truck business. There are also one-time costs, as opposed to recurring start-up costs, and costs that can vary by location.
One time startup costs could consist of things like purchasing your food truck, register or point-of-sale (POS) system, truck wrap, website design, office supplies, advertising and PR, and any professional, legal or consulting fees. While that list is not comprehensive, it gives potential food truck owners an idea of the things that will need to be paid for up front.
“While we purchased the food truck itself for just $15,000, we didn’t realize that we’d spent more than double that to have it modified to fit the local fire and health regulations, which vary quite significantly depending on the municipality,” said Rachel Angulo, owner of La Cocinita food truck.
Then there are the recurring costs such as payroll, equipment rental, credit card processing equipment and fuel. Every new food truck business will also have to obtain proper licenses and permits, which vary depending on location.
Read more: https://www.businessnewsdaily.com/9237-how-to-start-food-truck-business.html