Brendon Stock - Food Truck Business: the #1 Guide to Start, run and Grow a Successful Food Truck Business From Scratch. Be Your own Boss and Become a 6 Figures Entrepreneur + Best Marketing Tips

FOOD TRUCK BUSINESS

The #1 Guide to Start, Run & Grow a Successful Food Truck Business from Scratch. Be Your Own Boss and Become a 6 Figures Entrepreneur + Best Marketing Tips

Brendon Stock

Copyright 2021 by Brendon Stock

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INTRODUCTION

Y es, you can start a trucking business with only one truck!

According to industry trends and analysts, freight revenue is expected to increase by 75 percent over the next nine years.

With the trucking industry's sales exceeding $726.4 billion in 2015, starting a trucking business now could be highly profitable. The trucking industry is essential to keeping things running, and moving freight will be needed for years to come as long as people have a demand for goods.

Don't be threatened by bigger trucking firms with tens of thousands of truck drivers and investors. 90% of trucking companies have fleets of six or fewer vehicles, so there is room in the industry for you to start a trucking business with only one truck.

A competitive and appealing concept, a sound business plan, a fully equipped food truck, and a solid marketing strategy to expand your customer base are all required to establish a food truck. A food truck is a terrific business idea if you're looking for a way to make money. With initial expenditures of roughly $40,000, successful food trucks can earn more than $500,000 per year.

Chapter 1: HOW TO GET STARTED

S tarting a food truck takes three to twelve months and involves the following nine steps:

1. Research Local Food Trucks & Laws

According to the Restaurant MBA, 60 percent of food truck enterprises fail within three years. The difference between a successful food truck and a flop largely boils down to preparation. When it comes to beginning a food truck business, it's critical to make sure you're filling a gap in the market, meeting demand, and following the law. When conducting preliminary research, consider the local food truck scene and local food truck laws and regulations. This information will help you determine whether or not a food truck is an ideal business for you to start.

Evaluating the Food Truck Scene

The food truck scene differs greatly depending on where you go. You should acquire a sense of what trucks are available in your neighborhood and which trucks are the most successful before you start drawing out your menu business strategy. Food truck events and weekend farmers' markets are good places to discover local food trucks. First, do a fast online search for "food trucks" and your city or county's name.

Take note of the following when assessing other trucks:

Cuisine: You don't want to be the third falafel food truck in a tiny town, so choose a food concept that isn't being done by other food trucks in your area. However, you should choose a cuisine that has a broad appeal. Prices: If most of the food trucks in your region serve the cuisine in the $5 to $8 range, you won't want to go too far outside that pricing range. However, if your town has a large number of higher-priced, gourmet - style trucks, then you know you can let your imagination run wild.

Parking Location: This can help you determine which areas are truck-friendly and which are not.

Serving hours: If a large number of people commute to work in your town, morning and lunch may be a busy time for trucks. So it's a good idea to come up with a breakfast or lunch concept. If you're in a tourist or college town, nights and weekends may be busier, so a supper or late-night snack menu may be preferable.

When you visit neighborhood trucks, notice their service manner, menu size, parking places, and how busy they are. Examine their social media sites to discover how much marketing local trucks undertake to attract customers' attention. Ask truck owners about their top operating issues when you meet them. They will almost certainly be willing to share their knowledge with budding food truckers. The companionship and support of other food truck operators are among the nicest features of most food truck communities.

Researching Local Food Truck Laws

Regulations for food trucks are divided into three categories: health, zoning, and vehicle restrictions. What equipment your truck must have, what permissions you and your employees require, and if you need a commissary kitchen are all governed by health rules. Zoning restrictions dictate where you can park your truck for service, which neighborhoods are prohibited, and where you can leave your truck overnight. There will also be restrictions limiting what type of vehicle you can use, what emissions regulations your truck must fulfill, where you must register your truck, and whether or not your truck driver needs a commercial driver's license (CDL).

Food trucks and street vending are regulated differently in each state, county, and major city.