While the food truck industry might not be a get-rich-quick scheme, it is, in fact, the perfect startup. So, if you are looking to own and operate your own business, then buying a mobile kitchen might be your best option.
Of course, you have to have a massive amount of passion for your truck — and the industry — if you are going to succeed. After all, the temperatures in a food truck can get scorching hot in the summer, your offseason could be a metaphorical desert at times and you have to work a ton of hours. Not to mention, you have to know what you are doing in many different areas.
A successful food truck owner will not only know how to make a functional menu that is filled with great recipes. He/she also has to be business savvy. If these two things are not marinated together, then your food truck could come crashing down in a hurry.
With that in mind, a properly run food truck can be very profitable. Regardless, here are five reasons why a food truck is the perfect startup.
5 Reasons Why A Food Truck Is The Perfect Startup
- Low Start-Up Costs
- Low Overhead Chargers
- It’s Very Hands-On
- Not Many Employees
- You Are Your Own Boss
Why does a food truck make the perfect startup? For one, low start-up costs are involved. This is one of the main reasons why business owners choose to open up a mobile kitchen rather than a sit-down restaurant.
No, food trucks are not cheap (they could still run you well over $50,000), but they are typically much cheaper than a restaurant. Therefore, this might be a chef’s best option when it comes to breaking into the food industry.
Low start-up costs typically means it takes the owner less time to make back the investment of actually buying the truck in the first place.
If you are trying to break into the food truck industry, make sure to check out these food trucks for sale!
Low Overhead Charges
Not only is it cheaper to start up a food truck, but it’s also relatively cheap to run one, making it, once again, the perfect startup. While things like permits and regulations do come into play when owning one of these bad boys, your product is your food. It’s not like you are creating this technology that costs millions and millions of dollars to make.
With that said, and once you really get going, you will still have to pay for employees’ salaries, if you will, and things of that nature. Not to mention, if something every goes down, and it’s not under warranty, then that could end up costing a pretty penny—and then some. For the most part, your food truck startup has low overhead charges, meaning it doesn’t cost too much money to keep business operations running smoothly.
It’s Very Hands-On
When you first start your food truck business, it’s very hands-on, and that should be a bonus. After all, you entered the food truck industry because you wanted to cook food as a profession. If that’s not the case, and you don’t have a passion for cooking, then this might be the wrong industry for you despite the fact that it is a great startup.
When you first start this food truck business, you are going to have to be at your mobile kitchen all of the time. If you are used to a 9-to-5 schedule, then you might get burned out in a hurry because this industry calls for double-digit hours every day. Basically, if you want to make it in this industry, know that it is very hands-on, and you will be at your customized truck all of the time.
Not Many Employees
This is especially the case when you are first getting started, and you can think of this as a startup perk.
You won’t have many employees if you own and operate your own lunch truck. That is a good thing when it comes to having everything cooked and prepared your way. You will have less people to look after, so you ideally won’t have to manage that much. Of course, as your business grows, this could change, especially if you open up another mobile catering truck.
Now, less employees could be a good or bad thing. It’s a good thing because you are doing everything your way, and that should be easy to monitor. It’s a bad thing because you are doing more work—but that’s just the nature of this industry.
RELATED: 5 Must-Have Traits For The Food Truck Industry. If you plan on being a food truck owner—scratch that, if you plan on being a successful food truck owner—then you need these must-have traits. With them, your business could grow and thrive in no time. Without them, well, the opposite could be true.
This is one of the biggest reasons why so many people want to join the startup game. Of course, another reason is because people think they have a great idea, and they want to make this idea a reality by starting up a business.
If you open up a food truck, you are 100 percent your own boss. There are a lot of benefits behind this. For example, you get to call all of the shots, you get to make your own schedule (although you need to work a ton of hours to succeed), you get creative power when it comes to the menu and strategy of any kind, you get to hire and fire employees and the list could go on and on. With that in mind, you are the one who is risking everything and you are also the one who has to deal with every problem, such as a customer being mistreated by an employee, food not being cooked properly, something breaking down and you get the point.
For this reason alone—which is being your own boss—a food truck is the perfect startup.
If you are looking to break into this industry, request a custom quote!