Posts Tagged ‘food truck festivals’

Are Gourmet Food Trucks the Next Big Business Opportunity?

December 27, 2011

Have you considered a starting up a gourmet food truck? You wouldn’t be the first one. This trend is catching on like wildfire all across America. They even have food truck festivals now! Whether you are an established restaurant-owner thinking about going mobile or a new entrepreneur with a great idea, this article is a must-read if you have been thinking about starting up a food truck.

The gourmet food truck trend started popping up all over the West Coast years ago. In fact, LA and Portland no longer even have food truck vending licenses available. That doesn’t mean you should throw in the towel though. There are plenty of mid-sized cities that want you on their street corner. Just pick carefully.

Is a Food Truck Business a Sound Investment?

It really depends on who you ask. Originally, food trucks were thought of as the cheaper version of a brick and mortar business, but there is more overhead involved than one might think. First you have to invest in both a truck and a fully functional kitchen. Then you need to think about insurance, permits, parking and storage.

Many entrepreneurs have found that they have had to burn the candle at both ends during startup. Think about things like a second job and massive amounts of time on social media networks promoting yourself and where you will be.

Obviously, the startup cost depends on a variety of factors but here are some basic guidelines. A used hot dog cart could be an investment of around $2,000 while the general cost associated with getting the food truck runs anywhere from $10,000 to $50,000 and that’s just the barebones necessities of the operation.

Successful Gourmet Food Truck Ideas

You are really only limited by your imagination, but here are some ideas that have worked for others in the past:

  • Gourmet hot dogs with things like Korean and Vietnamese themes
  • A traveling dessert truck
  • Gourmet tacos
  • Gourmet ice cream
  • Baked goods