Learn How You Can Start Your own Restaurant On Wheels (Food Truck Business)
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Thinking to Start a Food Truck Business and Want to Earn Big? Have a look at these simple steps.
Food Truck Business or any business related to food is a great hit these days. This business has been gaining popularity in India because the capital required is less and easy accessibility of the truck.
You can start this business with an amount less than 10 Lakhs and can generate high ROI. So, it’s a good way to start with small investment and earn profits instead of opening a restaurant.
Some researches predicted the revenue growth at a rate of 3.9% for food truck business in the coming years.
A successful food truck can bring in over $500,000 per year, with startup costs starting at $40,000.
Here are the steps you need to follow to Start a Food Truck Business at Low Cost and Earn Profit.
Research Your Target Market
Do a initial research about your target audience, consider available space, competition and cuisines. Make sure to understand that with this business you are filling a gap in the market or satisfying a demand.
2. Choosing the Right Truck
Just start with an old truck and make few profits. Then, later on you can think to buy a new one. There are legal documents you need to ready with like fitness certificate, road tax receipt, kitchen insurance and registration.
3. Choosing the Right Location
Location plays an important role in any business. Choose a place that has less competition and attract majority of crowd like near office areas, malls, parks etc. Make sure the truck parking doesn’t cause traffic or any inconvenience to other vehicles.
4. Essential Kitchen Equipment’s
You need to invest in some necessary kitchen equipment’s like mixer, juicer, fridge, oven, griller, burner etc depending upon the requirement. But don’t invest much initially because first getting customers is more important.
Make your truck look attractive , make flyers and distribute them nearby. Make use of social media, promote your menu, offers, discounts etc for attracting people. Digital Marketing is important for any business nowadays.