Financial Projections for Your Food Truck Business
Sales forecasts for your mobile food business
This area of your business plan shows how you predict your sales will grow over the first three years of your food truck business’s life. Without knowing how much cash will come in, you’ll have a difficult time determining how much you can spend.
In your mobile food business, sales are what determine whether you’re able to make it through your first year of operation. Forecasting your future sales is a critical step in ensuring that your food truck is profitable. Prospective investors want to know whether your projected sales will support your business needs.
Although no set-in-stone formula can project your sales for your truck, making a well-informed guess is critical to planning your future funding. Pulling numbers out of thin air does nothing for you or investors.
You need to show your sales forecast for the first three years in your business plan. Then show your sales growth for the next two years.