Why You Need To Get In On The Food Truck Craze

WHY Food Truck BUSINESSES ARE REVVING UP Get Menu mobile! Food Trucks Are the Fastest-Growing Channel in Today's Foodservice Industry PROJECTED 4X INCREASE IN FOOD TRUCK REVENUE 2012 2017 $650 million $2.7 billion FOOD TRUCK GROWTH IS OUTPACING OVERALL COMMERCIAL FOODSERVICE FOOD TRUCKS 5.4% COMMERCIAL FOODSERVICE 4.3% Unique, fun, fresh and authentic culinary experiences SUCCESS! Consumers and Entrepreneurs: Why Are Food Trucks so Attractive? Economical Option More affordable option for first-time entrepreneurs over brick-and-mortar restaurants Less than $100,000 can kickstart a food truck that earns $250,000-$500,000/year Flexibility and Diversity Quickly and easily test new concepts, menus, strategies and recipes in a cost effective manner Increased consumer reach by catering to specific customer or locational preferences Custom truck building allows for ultimate personalization of products and trucks b-o Try Social Communication me today! Mobile communication paired with mobile service meet the demands of time-starved millennials New concepts, ideas, daily menus, locations and business models can be tested in real-time Responses are immediate so methods can be altered if necessary Mobile Advantages Consumers have a taste for variety so changing locations often allows for better customer reach Social media geolocation tools direct customers to trucks Event-scheduling organizations allow food truck operators to pay a fee to be a part of monthly or weekly food truck gatherings BRICK-AND-MORTARS ARE GOING MOBILE Mobile Advantages Food trucks serve as a Some restaurant groups see food trucks as a way to meet the demand for catering moving marketing vehicle for brick-and-mortar stores Chicken Chicken PROMOTIONAL VEHICLES Major restaurant brands are hitting the road with food trucks EST. 1972 Chick fil,t White Caştle COUSINS COFFEE PROFESSIONAL FOOD TRUCK STANDARDS Know the Rules of the Road 3. Check for permit and parking laws as all cities require different permits 1. Research 2. Mobile your region's codes and regulations on food trucks vending laws vary in every city, state and county 4. Confirm 5. Find out if 6. Provide the distance you can be from nearby brick-and-mortars you need a commissary to prepare food before serving proof of ownership, insurance, identification and vehicular license 7. Make sure 8. Get 9. Meet food is stored and kept in proper temperature approved by the board of health health and fire codes Keep up with food truck trends, news and events. Subscribe now at FoodTruckOperator.com/subscribe Sources ibisworld.com/industry/food-trucks.html margatenews.net/Files/Intuit%20Survey.pdf fundera.com/blog/the-economics-of-running-a-food-truck fastcasual.com/articles/food-truck-growth-goes-full-throttle foodtruck OPERATOR.COM 2017 National Restaurant Association (NRA) Industry Report National Restaurant Association, Food and Menu Trends Survey, 2015 2014 Report: What's Behind the Food Truck Phenomenon? Information Frictions and Taste-for-Variety Infographic developed by Nowsourcing >>>>