By June this year alone, the restaurant industry had lost more than $120 billion in revenue, making it one of the hardest-hit industries by the Coronavirus pandemic. Like so many other industries, entrepreneurs in the restaurant industry have had to adapt to the changing trends in consumer demand. Many of them are now starting a food truck and turning to custom food trucks to help their businesses survive.
This article looks at why more restaurants are opening food trucks recently.
Is Starting A Food Truck The Winning Move For Your Restaurant?
Food trucks have been around for quite some time, but we have witnessed a boom in their growth over the last couple of months than we’ve seen in recent times. Office closures, lockdowns, and social distancing are some of the covid-19 safety regulations that have seen restaurants witness a thinning flow of traffic in recent months.
To stay afloat, many restaurants are turning to food trucks to adjust to this paradigm shift where food must go to the consumers and not vice versa.
By providing a new revenue stream for restaurants, starting a food truck has been key to their success in these uncertain markets. Below are three other ways in which food trucks are transforming the restaurant industry.
Even after the reopening of restaurants across the US, many people are still uncomfortable with resuming their old routines, such as dining in their favorite restaurants. As such, restaurants have been attracted to the flexibility afforded by food trucks. With a food truck, they can take their services to their customers in their neighborhoods and workplaces.
With food trucks, they partner with homeowners’ associations to bring meals to their customers right to their doorstep. This has proved to be a more engaging way than the standard delivery because, with a food truck, they create a culinary event in the neighborhood where customers get hot and fresh food prepared on location.
Food trucks offer a safer way to serve your customers than the traditional dining in a restaurant. With food trucks, restaurants do not have to worry about social distancing and sanitization of their patrons. For instance, there’s plenty of room for your customers to queue their food when serving from a food truck.
Furthermore, most restaurants now embrace technology and have mobile apps from which people can order-ahead their food. Customers will simply come and pick their ready meal, therefore enjoying a safer service where they do not have to be out in a potentially crowded area for long.
3) High ROI Potential
Starting a food truck has a high return on investment potential. First, they require a low startup capital and are thus an attractive venture to restaurants looking to expand and increase their customer base. Secondly, they can be managed by a small crew, typically two or three people, as compared to a traditional restaurant.
Many restaurants, which were forced to lay down employees to cut costs, turned to food trucks where less money goes out to payroll costs and is reflected in their returns.
What We Do
Taking the next step and venturing into the food truck business does not have to hard. At Legion Food Trucks, we are the best food truck builders in the nation. Contact us today to learn more about our services, including our financing options.