SlideShare a Scribd company logo
1 of 26
Food Truck
Business Plan
Mohammad Anishur Rahman
Business and Financial Advisor
accruon@gmail.com www.fiverr.com/businessfixxx
Research Your Target Market
• Available Spaces:
• Find out a available space for food truck business
• Competition:
• Analyze the competition
• Local & State Regulations-
• Know the rules and regulations of the market
• Catering Options
www.fiverr.com/businessfixxx
5 Ideas for Mobile
Food Businesses
• Food kiosks
• Food kiosks are booths or stands used to prepare and sell foods like
pretzels, Burgers, ice cream and hot dogs
• Food carts and concession trailers
• This style of mobile food business has been around for decades and is
a multibillion-dollar industry. Cart owners prepare food in advance or
purchase ready-made food like ice cream bars.
www.fiverr.com/businessfixxx
5 Ideas for Mobile
Food Businesses
• Food trucks
This is Larger than carts, the trucks can carry more food and handle more business.
• Gourmet food trucks
Same as a food truck, Gourmet food truck takes food quality to a higher level. There
are 4,000 licensed food trucks in the Los Angeles area, and only 115 are considered
gourmet.
• Mobile catering businesses
Mobile catering trucks are same as mobile food trucks, but its hired for specific
events. So its temporary. Customer chooses food from a catering menu, then truck
serves the food to the customers at the event.
www.fiverr.com/businessfixxx
Choose a Food Truck Concept & Name
www.fiverr.com/businessfixxx
 Ethnic Fusion Concept
 Organic / Health Food Concept
 Gourmet Sandwiches
 Pizza Food Truck
 Regional Cuisine Concept
Company Name, Logo and Tagline
Wrap Your Truck
www.fiverr.com/businessfixxx
1. Hire a professional designer for
design
2. Vinyl wraps are the most popular
material for wrapping food trucks
3. Make it easy to read on the road
4. Match the design to your products
Food Truck Cycle
www.fiverr.com/businessfixxx
Design Your Menu board
www.fiverr.com/businessfixxx
i. Menu board design goes well with your truck’s design
ii. Menu board should be easy to read and understand
iii. Food description should be short and simple
iv. Consider not using the dollar sign
v. For large menu board, include photos of your dishes
Delicious Food
www.fiverr.com/businessfixxx
Food Truck’s Staffing Needs
www.fiverr.com/businessfixxx
 Food truck service window staff
 Mobile food business managers
 Chef and cooks for food truck
 Food truck kitchen staff
 The food truck’s driver
Products
www.fiverr.com/businessfixxx
 Barbecue
 Amped-up
Hamburgers
 Reinvented
Hot dogs
 Coffee
Trucks
 Smoothie /
Healthy
Drink Trucks
 Crepes with
special
toppings
 Vietnamese
Banh Mi
Sandwiches
 Pizza
 Chicken
wings
 “Grown-up”
grilled
cheese
sandwiches
 Beef Sliders
(Variation on
hamburgers.)
 Cupcakes
and desserts
 Street tacos
and burritos
 Sushi
 Lobster rolls
 Mediterranea
n menus /
Gyros
 Ice cream
and soft
serve
 Shaved ice /
Italian ice
 Indian food
 Hawaiian
food
Executive Summery
o The Business Opportunity
o The Target market
o The Competition
o Mission Statement
o Vision Statement
o Objective
o Company Information
o Business Highlights
o Future goals
o Food Truck Location based on days
www.fiverr.com/businessfixxx
Food Truck Financing Options
 Leasing
 Equipment Loan/Financing Program
 Rollover For Business Startups (ROBS)
 Microloan from SBA
 Find Investors
 Crowdfunding
 Bank Loan
 Loan from relatives
www.fiverr.com/businessfixxx
Buying vs. Leasing Your Food Truck
www.fiverr.com/businessfixxx
Buying Advantages Leasing Advantages
Benefit of write off depreciation Less to finance
Need to finance more Usually better maintenance plans
Better more miles Many leases offer the option to buy at the end
Better if you plan on having the truck
for a very long time
Better for low annual miles
Free to modify
Benfit of deduct percent of lease devoted to
business operation
Lower sales tax
Get Insurance
www.fiverr.com/businessfixxx
Insurance Expense Approximate Annual Cost
General Liability $550
Business Owner’s Policy $750
Commercial Auto $1,750
Worker’s Compensation Insurance $1,900
Total $4,950
Get Your Licenses and Registrations
www.fiverr.com/businessfixxx
 Mobile Food Facility Permit
 Health Permit
 Food Safety Certification
 Food Handler Permit for employees
 Workers’ Compensation
 Business Insurance
Food truck licenses and permits will $100 – $500 based on location.
S W
TO
S T R E N GT H
Describe your
Strength.
O P P O RT U N I T
Y
T H R E AT
W E A K N E S S
SWOT ANALYSIS
Describe your
Opportunity.
Describe your
Weakness
Describe your
Threat
80%
40%
70%
30%
75%
72%
2013 2014 2015 2016 2017 20182016 2017 2018
 Target Market
 Market Segment
 Market Size
analysis
 Market Trends
Analysis
 Competition
Market Analysis
Describe here
Marketing Strategy
www.fiverr.com/businessfixxx
Describe in Your Business
Plan
Startup Cost
www.fiverr.com/businessfixxx
Food Truck Start-up Costs USD
Equipment Estimated Cost
Food Truck + Wrap & Equipment $25,000 – $100,000
Inventory(average) $1,000 – $2,000
Permits and Licenses fees $100 – $500
Website plan Free – $5,000
Facebook / Twitter Free-$200
Register / POS $200 – $1,000
Uniforms $0 – $1,000
Paper Products (Plates / Napkins, etc.) $200 – $300
Misc. Expenses (Like a Chalk Menu) $500 – $2000 Plan for some unexpected expenses
Smallwares: Pots, Pans, equipment etc. $1000 – $2000
Fire Extinguisher $100 – $300
Total Low End $28,100
Total High End $114,100
Food Truck On-Going Costs
Item Monthly Estimated Cost
Commissary $400 – $1,200
Phone / Internet $100 – $200
Fuel $500
Labor $8 – $15 per hour is average rate.
Repairs & maintenance Average $1000 per Month
Financial Plan and Forecast
www.fiverr.com/businessfixxx
 Sales Projections
 Monthly Cost Estimation
 Break Even Analysis
 Financial Ratio Analysis
 Profit & loss Statement
 Cash flow Projections
 Balance Sheet
4.3
2.5
3.5
4.5
2.4
4.4
1.8
2.8
2 2
3
5
0
1
2
3
4
5
6
Category 1 Category 2 Category 3 Category 4
Series 1 Series 2 Series 3
4.3
2.5
3.5
4.5
2.4
4.4
1.8
2.8
2
2
3
5
0 2 4 6 8 10 12 14
Category 1
Category 2
Category 3
Category 4
Series 1 Series 2 Series 3
4.3
2.5
3.5 4.5
2.4
4.4 1.8
2.8
2 2
3 5
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Category 1 Category 2 Category 3 Category 4
Series 1 Series 2 Series 3
YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
1st Qtr2nd Qtr
3rd Qtr
4th Qtr
1st Qtr2nd Qtr
3rd Qtr
4th Qtr
1st Qtr2nd Qtr
3rd Qtr
4th Qtr
YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
Value of the U.S. food truck industry
from 2014 to 2020
www.fiverr.com/businessfixxx
This graph shows the value of
the U.S. food truck industry
in 2014 and 2015, as well as
the industry forecast for
2020. In 2015, the U.S. food
truck industry was esteemed
at 856.7 million dollars.
3 Weapons Needed for Food Truck
Success
Know Your Rules & Regulations
Get Creative with Food Truck Parking
Build – and Maintain – Your Brand
Don’t Compromise about quality of food Menu
www.fiverr.com/businessfixxx
Why Food Trucks Fail
 Lots of complicated regulations designed to protect traditional
restaurants
 Poor operation and financial planning
 Underestimating daily number of hours needed
 Wrong place choice
 Poor choice of food truck
 Lack of good marketing
www.fiverr.com/businessfixxx
Thank You
For More Details
www.fiverr.com/businessfixxx
• My Blog: www.accountingprime.com
• Mail: accruon@gmail.com
• Visit: www.fiverr.com/businessfixxx for order your
Business Plan & Financial Plan

More Related Content

What's hot

Food truck pwr point
Food truck pwr pointFood truck pwr point
Food truck pwr point
kmoshier19
 
Food Truck Presentation
Food Truck PresentationFood Truck Presentation
Food Truck Presentation
hilary holets
 
Supermarket Business Plan
Supermarket Business PlanSupermarket Business Plan
Supermarket Business Plan
Yuya Kaneda
 
online restraunt ..buisness plan
online restraunt ..buisness planonline restraunt ..buisness plan
online restraunt ..buisness plan
Anirban Mazumdar
 

What's hot (20)

Business Plan Presentation
Business Plan PresentationBusiness Plan Presentation
Business Plan Presentation
 
Restaurant Business Plan
Restaurant Business PlanRestaurant Business Plan
Restaurant Business Plan
 
Restaurant business plan.... by Qahar Sayedi
Restaurant business plan.... by Qahar SayediRestaurant business plan.... by Qahar Sayedi
Restaurant business plan.... by Qahar Sayedi
 
Food truck pwr point
Food truck pwr pointFood truck pwr point
Food truck pwr point
 
Food truck 2016
Food truck   2016Food truck   2016
Food truck 2016
 
Business plan ppt
Business plan pptBusiness plan ppt
Business plan ppt
 
Food Truck Presentation
Food Truck PresentationFood Truck Presentation
Food Truck Presentation
 
Restaurant business plan
Restaurant business planRestaurant business plan
Restaurant business plan
 
Supermarket Business Plan
Supermarket Business PlanSupermarket Business Plan
Supermarket Business Plan
 
Business plan on restraunts
Business plan on restrauntsBusiness plan on restraunts
Business plan on restraunts
 
online restraunt ..buisness plan
online restraunt ..buisness planonline restraunt ..buisness plan
online restraunt ..buisness plan
 
Food trucks [autosaved]
Food trucks [autosaved]Food trucks [autosaved]
Food trucks [autosaved]
 
Food truck business.ppt
Food truck business.pptFood truck business.ppt
Food truck business.ppt
 
OnLine Restaurant Business plan for an entrepreneur
OnLine Restaurant Business plan for an entrepreneurOnLine Restaurant Business plan for an entrepreneur
OnLine Restaurant Business plan for an entrepreneur
 
business plan
business planbusiness plan
business plan
 
Business plan (restaurant)
Business plan (restaurant)Business plan (restaurant)
Business plan (restaurant)
 
Business plan for fast food restaurant
Business plan for fast food restaurantBusiness plan for fast food restaurant
Business plan for fast food restaurant
 
Business plan of a restaurant and their process
Business plan of a restaurant and their processBusiness plan of a restaurant and their process
Business plan of a restaurant and their process
 
Presentation on Business Plan on UNISTORE, a Retail Superstore [Elegant (VII)]
Presentation on Business Plan on UNISTORE, a Retail Superstore [Elegant (VII)]Presentation on Business Plan on UNISTORE, a Retail Superstore [Elegant (VII)]
Presentation on Business Plan on UNISTORE, a Retail Superstore [Elegant (VII)]
 
How to Start a Food Truck Business
How to Start a Food Truck BusinessHow to Start a Food Truck Business
How to Start a Food Truck Business
 

Similar to Food truck business plan

CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docxCONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
donnajames55
 
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
Oregon Wine Board
 
Laqsh group... Calling An Entrepreneur In You...
Laqsh group... Calling An Entrepreneur In You...Laqsh group... Calling An Entrepreneur In You...
Laqsh group... Calling An Entrepreneur In You...
Vikas Rawat
 
Hgw Sales Presentation
Hgw Sales PresentationHgw Sales Presentation
Hgw Sales Presentation
Dan Collins
 
Completed Senior Project
Completed Senior ProjectCompleted Senior Project
Completed Senior Project
Joey Gotelli
 
Research And Development In Restaurant Business
Research And Development In Restaurant BusinessResearch And Development In Restaurant Business
Research And Development In Restaurant Business
Sumit Ranjan
 
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docxBusiness PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
humphrieskalyn
 

Similar to Food truck business plan (20)

Landscaping business plan
Landscaping business planLandscaping business plan
Landscaping business plan
 
Wine retail business plan
Wine retail business planWine retail business plan
Wine retail business plan
 
convenience store business plan example
convenience store business plan exampleconvenience store business plan example
convenience store business plan example
 
Seafood Restaurant Business Plan Example
Seafood Restaurant Business Plan ExampleSeafood Restaurant Business Plan Example
Seafood Restaurant Business Plan Example
 
CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docxCONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
CONTINENTAL DIVIDEMOBILE FOOD VENDING ENTRANCE INTO THE.docx
 
Restaurant business plan v1562159535406
Restaurant business plan v1562159535406Restaurant business plan v1562159535406
Restaurant business plan v1562159535406
 
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
2019 Oregon Wine Symposium | The Bottom Line - How Understanding COGS Can Inc...
 
Laqsh group... Calling An Entrepreneur In You...
Laqsh group... Calling An Entrepreneur In You...Laqsh group... Calling An Entrepreneur In You...
Laqsh group... Calling An Entrepreneur In You...
 
Service is a Product
Service is a ProductService is a Product
Service is a Product
 
Hgw Sales Presentation
Hgw Sales PresentationHgw Sales Presentation
Hgw Sales Presentation
 
JMarini portfolio
JMarini portfolioJMarini portfolio
JMarini portfolio
 
Fishing Farming Business Plan Example | Upmetrics
Fishing Farming Business Plan Example | UpmetricsFishing Farming Business Plan Example | Upmetrics
Fishing Farming Business Plan Example | Upmetrics
 
Tas dlr e-business seminar v.2.50
Tas dlr e-business seminar v.2.50Tas dlr e-business seminar v.2.50
Tas dlr e-business seminar v.2.50
 
Wendy's
Wendy'sWendy's
Wendy's
 
Pizza park project proposal
Pizza park project proposalPizza park project proposal
Pizza park project proposal
 
Completed Senior Project
Completed Senior ProjectCompleted Senior Project
Completed Senior Project
 
Michael Lellas Power Point Resume 7 21 09
Michael Lellas Power Point Resume 7 21 09Michael Lellas Power Point Resume 7 21 09
Michael Lellas Power Point Resume 7 21 09
 
Research And Development In Restaurant Business
Research And Development In Restaurant BusinessResearch And Development In Restaurant Business
Research And Development In Restaurant Business
 
sandwich shop business plan examples.pdf
sandwich shop business plan examples.pdfsandwich shop business plan examples.pdf
sandwich shop business plan examples.pdf
 
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docxBusiness PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
Business PlanBADM 332-50Ms. Ima StudentExecutive Summary.docx
 

More from Mohammad Anishur Rahman

Call center business plan
Call center business planCall center business plan
Call center business plan
Mohammad Anishur Rahman
 
Advertising agency business plan
Advertising agency business planAdvertising agency business plan
Advertising agency business plan
Mohammad Anishur Rahman
 

More from Mohammad Anishur Rahman (20)

Business valuation and Financial Plan
Business valuation and Financial PlanBusiness valuation and Financial Plan
Business valuation and Financial Plan
 
Top 100 business ideas for passionate entrepreneurs
Top 100 business ideas for passionate entrepreneursTop 100 business ideas for passionate entrepreneurs
Top 100 business ideas for passionate entrepreneurs
 
Fitness center Business Plan
Fitness center Business PlanFitness center Business Plan
Fitness center Business Plan
 
Real estate business plan
Real estate business planReal estate business plan
Real estate business plan
 
Ecommerce business ideas
Ecommerce business ideasEcommerce business ideas
Ecommerce business ideas
 
Coffee bar business plan
Coffee bar business planCoffee bar business plan
Coffee bar business plan
 
Interior design business plan
Interior design business planInterior design business plan
Interior design business plan
 
Call center business plan
Call center business planCall center business plan
Call center business plan
 
Advertising agency business plan
Advertising agency business planAdvertising agency business plan
Advertising agency business plan
 
Auto parts store business plan
Auto parts store business planAuto parts store business plan
Auto parts store business plan
 
Bakery business plan
Bakery business planBakery business plan
Bakery business plan
 
E-Commerce business plan
E-Commerce business planE-Commerce business plan
E-Commerce business plan
 
Child care business plan
Child care business planChild care business plan
Child care business plan
 
Dog walker business plan
Dog walker business planDog walker business plan
Dog walker business plan
 
Restaurant business plan
Restaurant business planRestaurant business plan
Restaurant business plan
 
Event management business plan
Event management business planEvent management business plan
Event management business plan
 
Window cleaning business plan
Window cleaning business planWindow cleaning business plan
Window cleaning business plan
 
Types of financial statement
Types of financial statementTypes of financial statement
Types of financial statement
 
How to prepare financial statement
How to prepare financial statementHow to prepare financial statement
How to prepare financial statement
 
Importance of business plan
Importance of business planImportance of business plan
Importance of business plan
 

Recently uploaded

Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Klinik kandungan
 
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
bleessingsbender
 

Recently uploaded (20)

Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
DUNGARPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now
DUNGARPUR 💋 Call Girl 9827461493 Call Girls in  Escort service book nowDUNGARPUR 💋 Call Girl 9827461493 Call Girls in  Escort service book now
DUNGARPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Bhubaneswar Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Av...
Bhubaneswar Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Av...Bhubaneswar Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Av...
Bhubaneswar Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Av...
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDEGURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON  ESCORTS SERVICE PROVIDE
GURGAON CALL GIRL ❤ 8272964427❤ CALL GIRLS IN GURGAON ESCORTS SERVICE PROVIDE
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptxGoal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
Goal Presentation_NEW EMPLOYEE_NETAPS FOUNDATION.pptx
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024Progress Report - Oracle's OCI Analyst Summit 2024
Progress Report - Oracle's OCI Analyst Summit 2024
 
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
Jual obat aborsi Hongkong ( 085657271886 ) Cytote pil telat bulan penggugur k...
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
 
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
Abortion pills in Jeddah ! +27737758557, cytotec pill riyadh. Saudi Arabia" A...
 
How does a bike-share company navigate speedy success? - Cyclistic
How does a bike-share company navigate speedy success? - CyclisticHow does a bike-share company navigate speedy success? - Cyclistic
How does a bike-share company navigate speedy success? - Cyclistic
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 

Food truck business plan

  • 1. Food Truck Business Plan Mohammad Anishur Rahman Business and Financial Advisor accruon@gmail.com www.fiverr.com/businessfixxx
  • 2. Research Your Target Market • Available Spaces: • Find out a available space for food truck business • Competition: • Analyze the competition • Local & State Regulations- • Know the rules and regulations of the market • Catering Options www.fiverr.com/businessfixxx
  • 3. 5 Ideas for Mobile Food Businesses • Food kiosks • Food kiosks are booths or stands used to prepare and sell foods like pretzels, Burgers, ice cream and hot dogs • Food carts and concession trailers • This style of mobile food business has been around for decades and is a multibillion-dollar industry. Cart owners prepare food in advance or purchase ready-made food like ice cream bars. www.fiverr.com/businessfixxx
  • 4. 5 Ideas for Mobile Food Businesses • Food trucks This is Larger than carts, the trucks can carry more food and handle more business. • Gourmet food trucks Same as a food truck, Gourmet food truck takes food quality to a higher level. There are 4,000 licensed food trucks in the Los Angeles area, and only 115 are considered gourmet. • Mobile catering businesses Mobile catering trucks are same as mobile food trucks, but its hired for specific events. So its temporary. Customer chooses food from a catering menu, then truck serves the food to the customers at the event. www.fiverr.com/businessfixxx
  • 5. Choose a Food Truck Concept & Name www.fiverr.com/businessfixxx  Ethnic Fusion Concept  Organic / Health Food Concept  Gourmet Sandwiches  Pizza Food Truck  Regional Cuisine Concept
  • 6. Company Name, Logo and Tagline Wrap Your Truck www.fiverr.com/businessfixxx 1. Hire a professional designer for design 2. Vinyl wraps are the most popular material for wrapping food trucks 3. Make it easy to read on the road 4. Match the design to your products
  • 8. Design Your Menu board www.fiverr.com/businessfixxx i. Menu board design goes well with your truck’s design ii. Menu board should be easy to read and understand iii. Food description should be short and simple iv. Consider not using the dollar sign v. For large menu board, include photos of your dishes
  • 10. Food Truck’s Staffing Needs www.fiverr.com/businessfixxx  Food truck service window staff  Mobile food business managers  Chef and cooks for food truck  Food truck kitchen staff  The food truck’s driver
  • 11. Products www.fiverr.com/businessfixxx  Barbecue  Amped-up Hamburgers  Reinvented Hot dogs  Coffee Trucks  Smoothie / Healthy Drink Trucks  Crepes with special toppings  Vietnamese Banh Mi Sandwiches  Pizza  Chicken wings  “Grown-up” grilled cheese sandwiches  Beef Sliders (Variation on hamburgers.)  Cupcakes and desserts  Street tacos and burritos  Sushi  Lobster rolls  Mediterranea n menus / Gyros  Ice cream and soft serve  Shaved ice / Italian ice  Indian food  Hawaiian food
  • 12. Executive Summery o The Business Opportunity o The Target market o The Competition o Mission Statement o Vision Statement o Objective o Company Information o Business Highlights o Future goals o Food Truck Location based on days www.fiverr.com/businessfixxx
  • 13. Food Truck Financing Options  Leasing  Equipment Loan/Financing Program  Rollover For Business Startups (ROBS)  Microloan from SBA  Find Investors  Crowdfunding  Bank Loan  Loan from relatives www.fiverr.com/businessfixxx
  • 14. Buying vs. Leasing Your Food Truck www.fiverr.com/businessfixxx Buying Advantages Leasing Advantages Benefit of write off depreciation Less to finance Need to finance more Usually better maintenance plans Better more miles Many leases offer the option to buy at the end Better if you plan on having the truck for a very long time Better for low annual miles Free to modify Benfit of deduct percent of lease devoted to business operation Lower sales tax
  • 15. Get Insurance www.fiverr.com/businessfixxx Insurance Expense Approximate Annual Cost General Liability $550 Business Owner’s Policy $750 Commercial Auto $1,750 Worker’s Compensation Insurance $1,900 Total $4,950
  • 16. Get Your Licenses and Registrations www.fiverr.com/businessfixxx  Mobile Food Facility Permit  Health Permit  Food Safety Certification  Food Handler Permit for employees  Workers’ Compensation  Business Insurance Food truck licenses and permits will $100 – $500 based on location.
  • 17. S W TO S T R E N GT H Describe your Strength. O P P O RT U N I T Y T H R E AT W E A K N E S S SWOT ANALYSIS Describe your Opportunity. Describe your Weakness Describe your Threat
  • 18. 80% 40% 70% 30% 75% 72% 2013 2014 2015 2016 2017 20182016 2017 2018  Target Market  Market Segment  Market Size analysis  Market Trends Analysis  Competition Market Analysis Describe here
  • 20. Startup Cost www.fiverr.com/businessfixxx Food Truck Start-up Costs USD Equipment Estimated Cost Food Truck + Wrap & Equipment $25,000 – $100,000 Inventory(average) $1,000 – $2,000 Permits and Licenses fees $100 – $500 Website plan Free – $5,000 Facebook / Twitter Free-$200 Register / POS $200 – $1,000 Uniforms $0 – $1,000 Paper Products (Plates / Napkins, etc.) $200 – $300 Misc. Expenses (Like a Chalk Menu) $500 – $2000 Plan for some unexpected expenses Smallwares: Pots, Pans, equipment etc. $1000 – $2000 Fire Extinguisher $100 – $300 Total Low End $28,100 Total High End $114,100 Food Truck On-Going Costs Item Monthly Estimated Cost Commissary $400 – $1,200 Phone / Internet $100 – $200 Fuel $500 Labor $8 – $15 per hour is average rate. Repairs & maintenance Average $1000 per Month
  • 21. Financial Plan and Forecast www.fiverr.com/businessfixxx  Sales Projections  Monthly Cost Estimation  Break Even Analysis  Financial Ratio Analysis  Profit & loss Statement  Cash flow Projections  Balance Sheet
  • 22. 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0 1 2 3 4 5 6 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0 2 4 6 8 10 12 14 Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 4.3 2.5 3.5 4.5 2.4 4.4 1.8 2.8 2 2 3 5 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Category 1 Category 2 Category 3 Category 4 Series 1 Series 2 Series 3 YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT 1st Qtr2nd Qtr 3rd Qtr 4th Qtr 1st Qtr2nd Qtr 3rd Qtr 4th Qtr 1st Qtr2nd Qtr 3rd Qtr 4th Qtr YEARLY SALES YEARLY PRODUCTIVITY YEARLY PROFIT
  • 23. Value of the U.S. food truck industry from 2014 to 2020 www.fiverr.com/businessfixxx This graph shows the value of the U.S. food truck industry in 2014 and 2015, as well as the industry forecast for 2020. In 2015, the U.S. food truck industry was esteemed at 856.7 million dollars.
  • 24. 3 Weapons Needed for Food Truck Success Know Your Rules & Regulations Get Creative with Food Truck Parking Build – and Maintain – Your Brand Don’t Compromise about quality of food Menu www.fiverr.com/businessfixxx
  • 25. Why Food Trucks Fail  Lots of complicated regulations designed to protect traditional restaurants  Poor operation and financial planning  Underestimating daily number of hours needed  Wrong place choice  Poor choice of food truck  Lack of good marketing www.fiverr.com/businessfixxx
  • 26. Thank You For More Details www.fiverr.com/businessfixxx • My Blog: www.accountingprime.com • Mail: accruon@gmail.com • Visit: www.fiverr.com/businessfixxx for order your Business Plan & Financial Plan

Editor's Notes

  1. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.