When you buy a food truck you are likely either starting a new business, or you are upgrading your food truck to something that can better facilitate growth while serving your customers. There are a number of things to consider when you buy a food truck that most people fail to notice. From the type of food truck to the equipment, and down to the design and the food truck company you partner with, there are multiple considerations savvy business owners need to make. This article is intended to help people what are ready to buy a food truck make smart decisions.
If You Buy a Food Truck, Will You be Professionally Happy?
Food truck owners are known to grow six figure salaries. Even though the money is good, and you don’t need a college degree to make bank, it takes a special kind of person to be fulfilled running a food truck business. Although you get to call your own hours, be prepared to work many of them. Really, to make big bucks you need to be where your customers are. This means hectic downtown lunch crowds, and late night groups outside of clubs, breweries and stadiums will likely pay your bills.
While being your own boss is wonderful, this means you have to really act like a boss. When people are impatient and rude, you need to deal with them in a way that won’t tarnish your business. You also need to be on your feet (a lot), work late, and do ongoing quality control. You also need to know your market and competitors, and continue to give your customers what they want. Make sure that when you buy a food truck, the move truly reflects your calling.
Food Truck Designers
When you buy a food truck from top food truck designers, you need to make sure the design is growth-driven. This means the platform size needs to enable you to hit your short-term and long-term goals. In other words, if you are starting out with two employees and you have 7 menu items, and your goal is to double your menu and hire an additional two people with another piece of equipment, then food truck designers need to ensure the space will accommodate your current and future needs without going over-the-top. The term “go big or go home” certainly doesn’t apply in the world of food truck designers, as this can cause severe revenue losses. When you buy a food truck, make sure the builders understand your needs down to the letter, as well as your growth goals, so that their food truck designers can create a money-making machine.
Buy a Food Truck that’s New or Used
When you buy a food truck that’s used, you are investing in someone else’s dream that targets another business’s customers. In addition, more than 80 percent of new food trucks fail within their first two years of business that buy a food truck that’s used. In addition to it not being customized to the owner’s needs, breakdowns and repairs can rack up thousands, and keep the business off the street where hungry crowds will turn to the competition.
When you buy a food truck, go new and custom. And make sure all the above points are weighted in your consideration.