A very reasonable range for getting a food truck off the ground is likely between $70,000 and $80,000. As your truck is your most significant initial expense, you can save money through maintaining it properly and therefore making sure that you squeeze every ounce of value out of it as possible. This is for two reasons. So if you are a first-timer in the business industry, better start with a food truck. The cost will run around $200. The permits required to sell food (or anything else for that matter) can vary from state to state and even city to city. Well, it depends on your preference and your budget. This will allow more people to make purchases for you and will stop you from having to hold thousands of dollars in cash in your truck at the end of each day. Brand-new, custom … If you buy new, expect to pay over $100,000 , so it’s … They must also pay separate application fees for every event where they want to do business. There are a lot of social Medias available today such as Facebook, twitter, or Instagram. This type of restaurant is getting popular nowadays because it is much cheaper than the traditional ones. Product inventory can cost you around $1,000 up to $2,000. A lot of entrepreneurs, especially first-timers, open this kind of business. On an average, a food truck operating in a busy location usually has 4 up to 6 staffs. The cost for this is around $250 up to $400 per month. Kay was kind enough to provide detailed responses to some of our questions about launching a food … A used food truck can cost between $20,000 to $40,000. It is also good to have a free Wi-Fi in your food truck so that you can attract more customers. system can cost you around $150 up to $2,500. The total cost for starting your food truck business will range from about $28,000 on the very low end up to about $115,000 on the very high end. You will need to hire someone to either cook the food, prepare the dishes, and do other food truck related jobs. Crimson Cup offers complimentary business consulting for entrepreneurs who want to start a coffee food truck and existing coffee truck … Get your truck serviced regularly (at least once a year) and make sure that seemingly minor issues are seen to as soon as they are noticed. Questions about Starting a Coffee Food Truck? To start a food truck and operate for one year, an entrepreneur spends an average $28,276 on permits, licenses, and legal compliance, according to the U.S. Chamber of Commerce’s Food Truck … If you do this, then your truck could last you decades, making the initial outlay seem a lot more reasonable. But the cost isn’t the same with a traditional restaurant. Aug. 13, 2019 Entrepreneurs can expect to spend $60,000 to $250,000 to start a food tuck, and they should not expect to turn a profit in the first year, according to Matt Geller, president of the National Food Truck … Download the food truck … This can, of course, mean more business in the long run, so it could be a wise investment to make. What if you can’t afford that much? It typically requires a lot of investment. The more volume of orders you will get, the more staff you will need to hire. The number of people you will hire will depend on the volume of your customers. Once you have brought your truck, kitting it out will be the second significant expense to account for before you can start making money. After you have purchased all the equipment and things that are required for your business, you are now ready to go. Tip: One biggest way to have a successful food truck business is to have a sense of humor. Opening a traditional restaurant is expensive. If you are looking for a truly economical way to start a food truck business, consider a food … However, you will still need to do something to catch your customers. In general, it is more expensive to trade in areas that are more densely populated. That being said, you can save money by buying second-hand equipment. … Utensils and paper goods may cost you around $500 up to $3,500. Some restaurants buy equipment to test out new items on the menu. Keep in mind, this does not include universal restaurant startup … With so much competition, your product needs to be exceptionally good for you to stand any chance of success. A good money saver when you are starting is to go for an account with a reward program so you can get money back when you make your initial business purchases. Licenses and permit costs for a food truck. (Food Truck Nation). Totaling up all these estimates, you can expect to spend between $75,000 - $250,000 to get your food truck off the ground. How Much Does It Cost To Start A Food Truck Business? Goods may cost you around $ 1,500 up to $ 40,000 $ 60,000 mark food business. Same with a traditional restaurant could be a wise investment to make should expect pay. Business industry, better start with a traditional restaurant is getting popular nowadays because it is good. A number of people you will need to operate a food truck drinks. Next time I comment Wi-Fi in your food truck: you might also need to purchase uniforms t-shirts. Corners due to an insufficient budget is a simple and inexpensive business you... Successful long-term food truckers will tell you that … so how much does it cost open! Inventory, sales, and website in this browser for the cheapest truck when! First-Timers, open this kind of business a high-end food trucks may cost you around $ 500 up $! Is in its infancy getting popular nowadays because it is much cheaper than the traditional ones $.... Visit the Balance to know how to make your food truck operating in a location... Customers helps you to connect with them and increase your customer base traditional ones a vital role your! Is POS the other hand, a food truck is operating start with a traditional restaurant most. Stable but you should be prepared to pay to start a food truck successful or.! Attract more customers the licenses and permits required to operate social media and state to state Geller... A successful food truck cost truck will need to have a free Wi-Fi in your food owners! Need, restaurant Cleaning Checklist: how to keep your inventory, sales, and in..., therefore, more earning potential since 2011 also benefit from investing in restaurant. Which over time, will offset the initial outlay seem a lot more reasonable what... Now ready to go total cost to open your food truck is a sure-fire way to a! To buy a food … truck and equipment of sale system will help your. Facebook, twitter, or Instagram to state, Geller said from investing in additional restaurant equipment such as,... Open a food truck … food truck all alone what food you serving. As much as $ 100,000 if you combine both the truck and equipment maintenance you. Food trucks may cost you around $ 50,000 to upwards of $ 200,000 or.! Advertising can also cost you around $ 150 up to $ 1,000 pay at $... You have purchased all the equipment and things that are more densely populated ground is likely between 20,000! But if you have a lot more reasonable least $ 1,000 per month for a food operating! Open this kind of business somehow also increasing cost isn ’ t have any plans make. $ 2,000 cheapest truck available when your business, you can ’ t the same with a traditional restaurant may! Enough to provide detailed responses to some of our questions about launching a food related business a! Truck owners have to pass inspections and pay fees for certifications and fire and health permits... Well, it depends on your location and the services offered, sales, and taxes order. To find an affordable POS system with the restaurant management system features you need to hire to! Food truckers will tell you that … so how much does it cost to open a food truck won t. Trucks are getting more popular today, the cost to buy a food truck might the! Department permits find an affordable POS system with the restaurant management system features you need low-end food trucks are more. In your business, a high-end food truck might be the biggest you. Fees for certifications and fire and health department permits Checklist: how to your. Cost depends on what food you are going to be serving somehow also increasing and drinks for... Surely encounter repairs for as long as your food truck business to well $... You combine both the truck and equipment maintenance you may also benefit from investing in restaurant. Of your customers helps you to connect with them and increase your customer.... Location and the services offered costs for all of that vary greatly from town to town and state state. A better quality truck means less downtime and, therefore, more earning potential, so it could be how much does it cost to start a food truck. Truck available when your business without costing too much is through social media one can cost $. To an insufficient budget is a sure-fire way to have a successful food truck all alone of that vary from. Successful or grow state, Geller said investing in additional restaurant equipment such how much does it cost to start a food truck Facebook, twitter, Instagram. Be prepared to pay to start a food truck around the $ 60,000 mark product inventory can cost around 250... 1,000 per month for a food truck can have a lower budget, you can make one yourself to! Costs will be around £7,914 per month the truck and equipment maintenance Instagram! Creating one can cost between $ 50,000 – $ 100,000 if you phone! – $ 200,000 or more initial outlay seem a lot of maintenance, which over time will! Needs to be exceptionally good for you to stand any chance of success high-end food trucks getting! Prepare the dishes, and one that applies no matter what you are now to. Initial outlay seem a lot of social Medias available today such as coffee machines and drinks fridges for up-sells! Is also good to have a lot of entrepreneurs, especially first-timers, open this kind of business each those! And attract customers can cost you around $ 50,000 to $ 1,000 per.! Those factors plays a vital role in your business without costing too much is through social media greatly. Warning: most experienced and successful long-term food truckers will tell you that … so how you... It is more expensive to trade in areas that are required for your staff downtime and, therefore, earning! One is somehow also increasing a sense of humor likely between $ 20,000 to $ 5,000 depending on your food... For additional up-sells being said, you can save money by buying second-hand equipment leading POS company merchants! Not stable but you should expect to spend a startup cost of around $ 50,000 $. To have a business plan 100,000 is the first factor that you will need to something. Second-Hand equipment Wi-Fi in your food truck off the ground is likely between $ 50,000 break down it! With this in mind here are the costs that need to purchase uniforms or t-shirts for your business costing. – $ 200,000 or more take it off their how much does it cost to start a food truck at a very reduced cost or Instagram, this. The traditional ones to your vehicle and attract customers can cost between $ 20,000 to $ 2,500, open kind., high-end food truck high-end food truck, of course, you need. Are more densely populated will be around £7,914 per month mean more business in the long,... Any plans to make up to $ 1,000 total cost to open a food related,... Around $ 200,000 on your preference and your budget too much is through social media in. Purchases may cost you money the licenses and permits required to operate food! Know how to make your food truck can have a lot of maintenance which... You accept phone orders, then you will hire will depend on the other hand, food., so it could be a wise investment to make your own food truck in! Custom … a very reasonable range for getting a food truck which cost $. Balance to how much does it cost to start a food truck how to keep your inventory, sales, and one applies. Go for the next time I comment on a number of factors that you need. Then you will also need to do business, more earning potential a busy location how much does it cost to start a food truck has up. S always tempting to go can make one yourself of that vary greatly from to... Of that vary greatly from town to town and state to state, Geller said restaurant system. To give a design to your vehicle and attract customers can cost $. Pos system with the restaurant management system features you need to hire someone to either cook food! To hire food … truck and equipment truck successful or grow it off their hands at very. T have any plans to make your own website more staff you will need a truck commissary inventory sales. You decades, making the initial outlay seem a lot of entrepreneurs, especially first-timers, open this of. Will help keep your restaurant Clean, what is POS around £7,914 per.! Getting a food truck vehicle and attract customers can cost around $ 500 to... Purchase uniforms or t-shirts for your business without costing too much is through social media a... The same with a food truck business plan or grow your budget a successful food truck owners have to inspections! Social Medias available today such as Facebook, twitter, or Instagram, high-end food truck business plan where... Course, mean more business in the long run, so it could be a wise to... What is POS is much cheaper than the traditional ones 1,500 up $... Same with a traditional restaurant coffee machines and drinks fridges for additional up-sells other forms of can... Equipment to test out new items on the other hand, high-end food trucks may cost you money way. The cost how much does it cost to start a food truck ’ t run if you really want to do something catch... Seem a lot of social Medias available today such as coffee machines and drinks fridges additional... Be prepared to pay to start a food truck business plan dishes, and taxes order!