The History of Food Trucks (YUM)

HISTORY OF FOOD TRUCKS 1691 1872 1936 1960 New York (then known as New Amsterdam) regulates street vendors selling food. Mobile food trucks make their presence known to construction sites around the world. The first "mobile" diner is set up in a horse-drawn covered Oscar Mayer rolls out the first portable hot dog cart. express wagon. 1974 2004 2006 2010 Wikipedia adds "food truck" to their list of Raul Martinez converted The Street Vendor Southern California an old ice cream truck into the first taco truck Project creates the Vendy Awards - Mobile Food Vendors entries including the history of food trucks. Association is created and parked it outside of an L.A. bar. to protect the rights of gourmet truck owners. celebrates NYC best street vendors. HOTFOOD HO D HOT AMERICA'S BEST FOOD TRUCKS Seattle, WA New York, NY Red Hook Lobster Truck Where Ya At Matt Twin Cities, MN Chef Shack Washington, DC Fojol Brothers Boise, ID Mythical Munchies St. Louis, MO Guerrilla Street Food Nashville, TN Crankees Pizzeria Denver, CO Manna From Heaven San Francisco, CA Roli Roti Gourmet Rotisserie Jackson, MS Lurny D's Grille Las Vegas, NV Slidin' Thru Los Angeles, CA Kogi BBQ Austin, TX East Side King Orange County, CA The Lime Truck San Antonio, TX Rickshaw Stop REVENUECO 8.4% There are over 3 million food trucks in the U.S. Food trucks generally require The mobile food truck industry had an 8.4% growth from 2007 - 2012. On top of that, there are also over 5 million street vendor food carts. $55-$75K in start-up costs. The mobile eateries generate about $650 million in revenue. VENDOR PERMIT SALE By 2017, Food Trucks should be a $2.7 billion dollar industry. Food Trucks Require Permits To Operate Los Angeles' permit is $695, but Philly's permit is only $150. New York is $200 and can take up to 10 years to get. FACT: Customers spend an average of $9.80 at lunch. SURVEY SAYS 32% say that they eat at food trucks once a week. 27% say that they eat at food trucks more than once a week. believe that eating at food trucks 80% is fun and unique. CALIFORNIA The state sales and use tax rate in California is 6.5%, but with local taxes, the total combined rate ends up somewhere between 7.5% and 10%, depending on the locality. WASHINGTON D.C. A food truck whose sales exceed $3,750 a quarter will collect and submit 10% sales tax on behalf of the District. Food trucks also pay taxes associated with their brick-and-mortar commercial kitchens, motor vehicle taxes, as well as other taxes all District of Columbia businesses pay. RESOURCES http://network.intuit.com/wp-content/uploads/2012/12/Intuit-Food-Trucks-Report.pdf http://www.thedailymeal.com/101-best-food-trucks-america-2013?page=0,1 http://online.wsj.com/article/SB10001424052970204456604574201934018170554.html http://www.entrepreneur.com/article/220060 http://www.investopedia.com/financial-edge/0912/the-cost-of-starting-a-food-truck.aspx http://mobile-cuisine.com/business/the-history-of-american-food-trucks/ http://www.pbs.org/wnet/need-to-know/five-things/starting-your-own-food-truck/4268/ http://ww.huffingtonpost.com/2012/07/23/food-truck-secrets-10-things_n_1694775.html http://www.taxrates.com/blog/2013/06/17/california-sales-tax-and-food-trucks/ LIBERTY TAX SERVICE TAXES