Financial Projections for Your Food Truck Business
Forecasted expenses for your food truck
Salaries, food costs, food truck costs, business taxes, commercial kitchen and office rent, equipment leases, phone bills, postage — the expenses associated with running a food truck may seem to never end. However, your ability to get a firm grasp on these cash outflows can play an important role in your business’s success or failure.
An expense forecast is vital for you and your sales goals; it keeps you on track and helps keep costs down.
You need to show all expenses in your business plan. Not only will they help investors determine whether you’ve made the proper assumptions, but they’ll also assist you in determining what you’ll be spending to operate your business.
You can easily generate the data you need by taking your weekly sales forecast and multiplying it by the number of weeks in each month. If you want a complete snapshot of your expenses, produce two more reports in which you use your high and low data.
Doing so helps you see how different monthly expenditures can ebb and flow. To prevent any confusion by possible investors, keep these additional reports out of your business plan.