The idea of starting a food truck business as a viable start-up option has really been getting attention in a big way for the last few years. The main reason the food truck business has become successful is that it requires less capital and manpower as compared to opening a fine dine restaurant. In this blog, we will discuss how anyone can start an on-demand food truck business with mobility solutions and its perks.
A mobile food truck business definitely gives tough competition to restaurants as most dishes can be prepared in food trucks, which tastes like restaurant food. Moreover, people also don’t need to pay taxes and hefty amounts to enjoy the lip-smacking dish. The food truck business offers multiple cuisines from Sandwiches to Pizza to Chinese to much more.
The above statistics show that the food truck industry’s value is proliferating and is estimated to reach $996.2m by 2020.
In 2017, a report revealed that the American food truck business was worth$ 1.2 billion despite facing obstacles such as regulations and bad weather. As of now, more than 4000 food trucks are operating across the USA. So without wasting time, let’s get started on how to start a food truck business; this step-by-step guide will help you.
What Are Major Benefits Food Truck Business Offers
Starting a food truck business is not all about decorating a truck with kitchen equipment. Irrespective of business size and type, commencing any new business is a brainstorming process. Due to less capital and risk, the food truck business is getting popular so let’s see the benefits it offers.
The food truck business comes with its own set of advantages, and the most important factor responsible for the ever-growing food truck business is the slow-growing economy. It means common people don’t want to spend a huge amount on breakfast and lunch. This is the major reason behind its massive popularity.
Now let’s examine what the common benefits of the food truck business are,
Less risk
As a business owner, you no longer need to invest huge capital in infrastructure and rent. A food truck allows you to save rent and other additional expenses related to hospitality.
Lower cost
Running a food truck business required low operation and fixed cost.
Movable
Food trucks are restaurants on wheels; it means you can move it as per your choice; hence you can cater to large areas of the audience and increase profits.
If you consider the above aspects and benefits, you will know that you also don’t need to spend money on billboards and hoardings since the location can be changed at any time. This is the primary reason why more and more entrepreneurs are investing in the food truck business.
Restaurant On Wheel – How To Successfully Start Food Truck Business
Fast service and quick-paced delivery from the mobile kitchen to customers is necessary to stay connected with customers. It is not shocking that small restaurant owners are thinking of investing in a Food truck business instead of opening a full-fledged restaurant.
It may seem opening a food truck business is a daunting process, but in this blog, we will examine each detail about how you can start a food truck business without any hassle.
- Choose the right commercial vehicle
- Find location
- Procure kitchen equipment and raw material
- Licensing
- Develop an on-demand food truck app
- Market your food truck
Now let’s five in deeper and understand each point that may help you start a food truck business in the most effective way.
Choose The Right Commercial Vehicle
At the end of the day, your entire food truck business depends on the truck. Different people use different vehicles based on their choice and business type. No matter which commercial vehicle you choose, whether it is a truck or cart, it is usually largely customized commercial vehicle available in the market in various shapes and sizes.
Once you are done with the choice, you have to customize it as per your needs and ongoing trends. For instance, you can opt for large food stickers, a special place for a menu, a small place where customers can stand, and place orders. These things make your truck attractive and grab attention.
If you don’t want to invest much capital in buying a new truck, you can also choose an old truck but make sure you have checked the vehicle registration certificate, insurance, etc.
Finding Location
Once you finalize a truck for your business, the second step you need to find locations where you can bring customers easily. You would need to finalize an area that is frequently visited by customers. However, you need to know where the customers are near college or hospital, near the local market, etc.
It’s all about the location where you can park your truck in those busy localities. Location plays a vital role in the food truck business because this is a strategic decision that will increase profitability and boost sales.
Procure Kitchen Equipment And Raw Material
Once you have figured out the right location and vehicle, it’s time to think about buying kitchen equipment and raw material. After all, this is the crucial process to examine: deciding what type of dishes you will make and sell, how that process will work, and what equipment you will need to make it.
If you are going to sell fast food like Pizza, Burger, Sandwiches, etc., you will need a microwave, griller, and batteries with the inverter. If you want to sell ice-cream, you will need a freezer with maximum capacity.
Based on your menu, buy necessary equipment and raw material that will help you serve better.
Licensing
Depending on your location, you will need to apply for special licenses and permits. In addition to the operating license, you also need to get a parking permit if your location is in a commercial area. You also need to acquire a food license from FSSAI.
Develop an On-demand Food Truck App
Creating a digital presence for any business has become so important these days. Every new and well-established business should have a solid digital presence that helps them to retain customers. Similarly, the food truck business requires a mobile app to expand its reach.
The on-demand food truck app gives an effective and most productive way to engage with customers. Mobile apps they can get in touch with 24/7 and advertise their business by creating a digital menu.
Here are certain reasons that explain why you need an on-demand food truck app for your business,
- You can set offer of the day
- Send location update in case you change
- Digital transactions
- Word of mouth publicity
Furthermore, with the help of a food truck app, it will become easy to attract customers; you will also get an edge over your competitors and accelerate overall business growth.
Market Your Food Truck
Last but not least, promoting your food truck business on social media and the Internet will help generate more revenue and visits. Using the right marketing aspects for your food truck business, you can reach your business to the next level.
You can use popular social media sites such as Facebook, Twitter, and Instagram to promote your business. Post pictures and special offers; it will increase your followers’ visibility and add value to your business.
How Much Does It Cost To Develop On-Demand Food Trucks Apps
After going through all those different food truck business attributes, now you must be wondering how much does it cost to develop an on-demand food truck app with modern features and functionalities?
The development cost of every app varies from project to project and business requirements. From feature integration to complexity to platform to designing to technologies, there are a number of factors influencing the cost of on-demand food truck app development.
The complex the app requirement is, the higher the app development cost will be. So if you want to know the exact cost of the app development, you should consult an experienced on-demand app development company to get the right solution.
After all, it’s up to you whether you want to go for a ready-made app solution or a custom app solution. If you are looking for cost-effective solutions, you can choose a ready-made Whitelabel delivery app solution that saves time and development cost and enables you to start your food truck business with your brand name.
The Emerging Food Truck Culture Across The Globe
Hoping this blog gave you a good perspective on starting your food truck business.
The food truck business is booming, and the trend does not seem to be slowing down in the near future. If you want to hit the road with digital solutions and take your food truck business to the next level, contact us today; our team of experts will help you cope with the task and ensure success.
