Is a food truck a good investment

Phil Davis — The Progressive Investor. Use hard numbers and cold logic when deciding whether or not to make this leap. All rights reserved. Stan The Annuity Man.

Mobile food franchises to get involved in

The mobile food industry is just like any other fledgling industry — it has many success stories, but it also has many stories of failure. Or they may show up once and never come. Having unrealistic expectations before you make up your mind to open a food truck can give you a false sense of security during the decision-making process. To run a food truck, you need to be on the streets six or seven days a week serving lunch and dinner, not to mention the need to be present at any food truck event that pops up. Owning a food truck means working a majority of your waking hours, especially at the start of your business. Running a food truck involves extremely long hours, no matter how good your staff is.

It’s a risky business that’s appealing to a lot of people.

If you want to get into this lucrative sector, there are plenty of options for you. The type of vehicle you operate from and the food you sell will have a huge impact on your customers and profitability. You can opt for a traditional food cart, electric vehicle or converted van or truck, depending on your preferred vending location. Popular street food options include cuisines from all over the world, from German pretzels, Mexican burritos, Greek gyros and Middle Eastern falafel to the British classic, fish and chips. There are many reasons why you should consider a food truck business for sale. Below, we take a look at five of the most important ones.

Know the rules

If you want to get into this lucrative sector, there are plenty of options for you. The type of vehicle you operate from and the food you sell will have a huge impact on your customers and profitability. You can opt for a traditional food cart, electric vehicle or converted van or truck, depending on your preferred vending location. Popular street food options include cuisines from all over the world, from German pretzels, Mexican burritos, Greek gyros and Middle Eastern falafel to the British classic, fish and chips.

There are many reasons why you should consider a food truck business for sale. Below, we take a look at five of the most important ones. One of the most significant expenditures for any business is the cost of the property lease. With a mobile food truck, this isn’t an issue. Businesses in the food and restaurant industry dedicate an incredible amount of time to getting customers through the door. It takes time to build a reputation that pulls in the crowds and, until you’ve established yourself, you may find that your business isn’t attracting enough customers to pay off all your expenses.

With a food truck, you can set up in busy locations rather than expecting consumers to come to you. Book yourself a space at big events, fetes and carnivals, and take your food to parties and festivals. Rather than sitting back and waiting, you can be proactive and take the initiative if you is a food truck a good investment to boost your income. Between andthe sector expanded by more than nine percent. Although the food truck phenomenon is yet to become as big as it is in the US or Australia, it’s gathering pace and is already rewarding early adopters and entrepreneurs prepared to take a risk.

There are plenty of opportunities out there for business-oriented individuals with an eye for a good investment. Remember, food trucks can be an effective way of testing ideas, so if you’ve got a restaurant concept in mind, consider becoming a street food vendor.

Since you’ll be investing less, you can afford to trial certain dishes, entire cuisines or whole truck concepts without exposing yourself to too much risk. For instance, the main problem faced by young investors is the price of business premises. The cost of leasing a property in a busy city often makes the venture too risky.

Secondly, the initial investment required by many franchises is too high for many hopeful entrepreneurs. Food truck franchises sidestep both of these issues. Firstly, food truck franchises don’t need a property. Secondly, they have low start-up costs. They offer up a new way of doing things and most modern food trucks adopt a playful but powerful brand identity that’s brimming with personality.

Also, being a street food vendor involves meeting new people every day and working in a number of different places. Coffee Bike takes the idea of a mobile coffee shop and makes it more portable and more eco-friendly. With all you need packed onto the back of a bespoke bicycle, franchisees can take their day-to-day operations on the road and find customers in a range of different locations.

Coffee Bike operates an interesting royalty scheme that ensures there are no fixed monthly costs. Instead of making regular payments to the franchisor, Coffee Bike franchisees pay a percentage fee on every cup of coffee sold. Is a food truck a good investment delivers great coffee and fresh foods directly to customers across the country.

As a van-based franchise, it’s both affordable and easy to operate, giving you the best possible chance of turning a sizeable profit.

All franchisees receive comprehensive training and ongoing support. It loads it on to the back of a trailer and allows you to take your restaurant with you wherever you go. Food truck franchises present an exciting investment opportunity for anyone interested in opening up a business in the food sector.

While traditional restaurants can prove incredibly profitable, there’s also a great deal of risk associated with leasing business premises. Investing in a food truck for sale could save you a lot of time and money in the long run. So, get it right and you could be running your own business and turning a good profit in no time. Click here to see current food truck franchises.

To browse other franchise opportunities in the food sector, just click .

How to buy a food truck Food trucks for sale starting a food truck business

Why start a food truck business?

Sign up for membership to become a founding member and help shape HuffPost’s next chapter. Food trucks generally have to adhere to rules regarding restaurants and rules that relate to being a vehicle. Cramer’s Articles. But if you’re saving costs, consider a coat of paint and vinyl stickers. Terms Privacy Policy. According to the U. Biotech Maven. Fundamentals of Investing. Follow tworstideas.