Whether you are an established restaurant owner or an entrepreneur with a dream, investing in mobile food trucks is an excellent move. In fact, more and more people are putting their kitchen on wheels. If you need a good reason to start a food truck yourself, here are three.
Why You Should Start a Food Truck
1. Booming Demand
Food trucks are in demand thanks to their authentic cuisine, affordability, and quick service. In fact, revenue between 2011 and 2016 rose at an annual rate of 7.9%, making it a 1.2-billion-dollar industry. Restaurants, on the other hand, maintain a yearly growth rate of about 2%. With its popularity still growing, now is an opportune time to enter this burgeoning field.
2. Low Start-Up Fees
Opening a traditional restaurant involves large up-front costs, including administrative charges, rent, and kitchen equipment. Food trucks require much smaller initial investments and boast lower operational costs. While the truck can cost anywhere from $50,000 to $200,000, not to mention maintenance fees, you will save cash thanks to lower insurance, appliance, staff, and permit costs, among other expenses. The relative affordability of food trucks also makes it a low-risk opportunity to test a brand before expanding.
Location plays a major role in the success of a business. One notable benefit of a food truck is being able to serve food in a multitude of different places. Spend each week in a different locale. Keep track of your sales, profits, and the like. After a few months, you can determine the most profitable location for your business.
Entrepreneurs from Massachusetts to North Carolina trust Shanghai Mobile Kitchen Solutions of Brooklyn, NY, for their needs. Since 1979, this family-owned facility has prided themselves on offering top-quality kitchenware. With a variety of sizes, including custom options, they sell appliances to fit any type of restaurant, including mobile eateries. Learn more about their products by visiting their website. Or, call (800) 253-4815 today.