Opening your own food truck business and becoming your own boss doesn’t come cheap. But it does come with a lot of room to grow and expand your business. If your dream is to bring your food services on the road, building your custom food truck is the first step to achieving your goals. So, how much does building a food truck cost? What will you need to get started? How do you make your dreams a reality?
Startup Costs For a Custom Good Truck
Before you can jump into buying your food truck and getting it decked out with everything you want, sit down to write your business plan. Crafting and creating a baseline idea of all the things you’d like to accomplish is step 1 in saving money that you can spend on better additions to your dream way down the road.
Write out and plan for things like the market you’re targeting. What are you bringing to the table that other food services aren’t? You’ll need to determine how detailed your plan is to help figure out the cost of things like:
- A business license
- Hired Help – think legal advice or assistance for things like tax requirements
All in all, this can cost you a few hundred dollars up to a few thousand. It just depends on if you’re planning to buy all new equipment or go with something used and update it. Plus, you have to add in the fees for serving in certain cities on top of your insurance and license to do business.
Buying Your Food Truck
Pricing for brand new truck can vary between $80k to $200k. And this doesn’t include custom designs, wraps, or detailing . On your hunt for a used or new food truck at the very basics, you’re looking at spending around $80k at the baseline. This will provide you with a fairly decent food truck, and depending on what appliances and upgrades you’ll need will determine what your final price tag is.
There are additional costs, as well. According to the U.S. Chamber of Commerce’s Food Truck Index, on page 9, the average amount spent to start a food truck business – beyond the cost of your vehicle and equipment – is $28,276. This includes permits, licenses, and legal compliance.
Building The Final Masterpiece
At the end of the day, you have to include your kitchen appliances, utensils, and any operational costs in your budget. Consider the basic materials that’ll help you officially launch your food truck when you think of this. Prioritize things such as ingredients, plates, and cups once you’ve priced the appliances that you’ll need to serve your items.
Building and customizing a food truck can be pricey, but you can easily save money where needed. For questions on how to build your custom food truck to fit your needs without blowing your budget out of the water, contact us today. We’ll discuss the essentials and help you determine the best truck for your needs.
Just remember, your dream is achievable and while you might feel like you’re spending a lot of money starting out, you can make that money back and more by pursuing your dream career path.