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Starting a Food Truck Business

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Seeking Financial Foundation for Your Restaurant

Most people can't completely fund their own restaurants, so they need to look for outside investors. Investors can include partners (both silent and not-so-silent), people looking for a new investment, [more…]

Business to Take Care of Before You Open Your Food Truck

Your food truck is a business, so you need to get the necessary forms filled out and filed before you hit the streets and open your service window. Use the following list to ensure that you have the accounts [more…]

What to Consider When Selecting a Mobile Food Platform

Determining what platform, or vehicle — food truck, trailer, or cart — to use to present your menu to your customers requires that you consider the following factors: [more…]

Historical Highlights of Mobile Food in the United States

Street food has been a part of Americans’ dining habits since the late 17th century, when it was found in many of the larger cities on the East Coast. Since then, food trucks have taken a front seat in [more…]

Key Personality Traits of Food Truck Owners

A food truck’s success isn’t based on any magic formula, but most food truck owners who do well share many of the same personality traits. They’re a special breed of culinary entrepreneurs that are highly [more…]

Food Options for Your Food Truck Business

At its most basic level, your food truck will be most recognized for the food you serve. Several categories of food have found food truck success around the United States. [more…]

Different Types of Mobile Food Vehicles

The vehicle you choose for your mobile food business must meet your local permitting office’s requirements as well as your own personal kitchen needs. Before you begin shopping for your vehicle, determine [more…]

Lease a Vehicle for Your Mobile Food Business

When starting your mobile food business, if you don’t have access to a large amount of start-up capital but know you’ll have enough to make payments for your vehicle, you may want to lease a food truck [more…]

Buy or Build a New Vehicle for Your Mobile Food Business

Purchasing a new truck is how most start-up food truckers prefer to begin their mobile food business. The high prices of buying new ($75,000 to $300,000) are their only source of hesitation. Being able [more…]

Purchase a Previously Owned Vehicle for Your Mobile Food Business

Buying a used vehicle is by far the most economical way to purchase your rolling kitchen (costs range from $15,000 to $99,000), but at the same time, it carries the most issues. If you decide to purchase [more…]

Research and Register Your Food Truck Name

Before you fall in love with the name you’ve chosen for your mobile food business and rush out to print business cards and start advertising, you need to do a little research. You need to make sure that [more…]

Join a Mobile Food Franchise

For many would-be food truck owners who have little to no business background, a food truck franchise can present the perfect opportunity to open their own food truck due to the ease in replicating their [more…]

Competition in the Food Truck Industry

Competition is essential in the food truck industry. Economic competition takes place in all markets and industries, no matter how friendly. The mobile food industry is one that garners a friendly competition [more…]

The Competitive Response Cycle and the Mobile Food Industry

The competitive response cycle is a process of researching your competition that you can use to continually make sure your food truck is meeting the needs of the customers you’re targeting [more…]

The Demographics of Your Food Truck Customers

Think about the demographics of your food truck's ideal customer. Demographics are the typical characteristics of the people who will make purchases from your truck. These characteristics include age, [more…]

Direct and Indirect Competition for Your Food Truck Business

When you're running a mobile food business, you have business competition all around you. Competition isn’t necessarily a bad thing, but that doesn’t mean you should ignore it. To delve a little deeper [more…]

Where Can You Find Data on Your Food Truck's Competitors?

Keeping tabs on your food truck's competition is a great strategy for your growing business. By continually monitoring your competitors, you get to know their good and bad behaviors and anticipate what [more…]

Create a Competitive Analysis for Your Food Truck Business

A competitive analysis looks at your competitors and how they present a direct or indirect threat to your food truck business. Competitors in the rapidly developing food truck industry seem to be in a [more…]

Draw Up a SWOT Analysis for Your Mobile Food Business

A SWOT (strengths, weaknesses, opportunities, and threats) analysis, much like a competitive analysis, is an important part of planning your food truck’s future. The strengths [more…]

The Executive Summary of Your Food Truck's Business Plan

The executive summary is the most important section of the business plan for your mobile food business; it tells your readers why you think your business idea will be successful. In this section of your [more…]

The Market Analysis Section of Your Food Truck's Business Plan

The market analysis section of your food truck's business plan illustrates your knowledge of the mobile food industry. Here, you present general highlights and conclusions of any marketing research data [more…]

Start-Up Costs for Your Food Truck Business

At each stage of your mobile food business’s life, you encounter financial needs that require funding. The funding types for the stages are as follows: [more…]

Using Your Own Funds for Your Mobile Food Business

Depending on how much funding you need to start your food truck business, you may find that using your own money is your best route. Making this decision can be very scary, but look at it this way: If [more…]

Debt Capital: Business Loans for Your Mobile Food Business

If you decide to get a business loan for your food truck or cart from your local bank or credit union or the government, you have several things to consider. Ask yourself these questions, and be specific [more…]

Equity Capital: Investors for Your Mobile Food Business

When working with investors for your mobile food business, make sure you have a clear investment agreement that defines the interest rate and when payment is to be made. There’s no right or wrong way to [more…]

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