10 Unbelievable Facts About Food Business

Food is an important aspect of our culture. We all eat it and everyone has a favorite dish that he or she can’t live without. Hiller food truck is a company that started in California in 2010. It is known for making food truck tacos that are so popular, it is one of the most successful food truck companies ever. The popularity of this company has led to billionaires, NFL players and celebrities trying to emulate their success. A lot of us think we have a set idea of what we’re doing when we cook at home but that might not always be true.

10 Unbelievable Facts About Food Business :

1. Food Trucks are Just Like Home Cooking

They’re small, they’re portable, and they’re ready-to-eat. Family-sourced recipes may not be hurting for publicity, but this doesn’t mean that anything goes in the kitchen. If you’ve ever worked in a restaurant, you know that guests don’t have to be asked twice if they want to taste your dishes before paying for them. They get there knowing that getting food poisoning is a possibility, and it’s their choice to order what looks good and smells enjoyable or not.

2. Food Truck Owners are Entrepreneurs

While food trucks may be fairly inexpensive to start up, running one is expensive. These expenses include advertising, fuel costs, and then there’s the cost of living. The idea that anyone can make a living from their food truck business is far-fetched. Food trucks are a lot more expensive than a brick-and-mortar restaurant and for good reason; there are food truck regulations. 

3. There is Never a Bad Time to Open a Food Truck Business

Food trucks are trendy, which means there are no bad times to open one; yet, summer and sports events are the best times. The idea that food trucks make good businesses is far-fetched; they’re seasonal and have to be closed during inclement weather. This means that food truck owners need to budget for those good time months, with the knowledge that they will have no income in the off months. 

4. It’s Easy to Start a Food Truck Business

Because food trucks are so trendy, and there is a high turnover rate, you can find used equipment for reasonable prices. Food trucks require that you have knowledge of mobile business and marketing, but if you don’t have that, it might not be such a bad idea to get some help. Starting your own food truck business can be done in as little as 4 weeks from the time you purchase your truck or open one that you didn’t buy previously.

5. It’s Easy to Finance a Food Truck Business

Financing for a food truck business can come from many sources. It can be funded by a loan or you can use private financing to help you start your business if you don’t have enough capital in the beginning. Sometimes, it is possible for a bank to finance the entire purchase of your food truck. Financing is quick and easy with the right credit score and proper documentation. 

6. A Food Truck Is Perfect for a Small Business

If you’re not operating a large food truck, then it might be too expensive for your business. These trucks have to have plenty of food storage space and a restroom on board. The costs of having these things add up quickly, but if you are going to be serving only burgers, hot dogs or tacos then some food trucks might not be perfect for your business.

7. Food Trucks Should Not be Used to Exchange Cash for Food

Although traditional restaurants usually have a bartender on staff, there is often no bartender on the food truck. This means that money changes hands every time a customer orders and pays by credit card, debit card or cash. It is not uncommon for employees of the food truck to do cash exchanges with customers who are not using credit cards or debit cards. 

8. Food Truck Owners Should Have a Variety of Munchies

The best tip for those who are about to start a food truck business is to have plenty of healthy, nutritious munchies available to go with the chicken and waffles or tacos. If you don’t have enough small snacks, then you will lose money on your business. The ideal way to make money as a food truck owner is with small snacks such as nuts, carrots, fruit and granola bars. 

9. Your Food Truck Location Needs to be Crowded

Your food truck business should not be dependent on where you set up; it should be based on what you are selling. If you have a food truck business and your location is successful because of the foot traffic, this is a good thing. However, if your location is successful because of the amount of traffic on the road, then this might not be good for your business.

10. The Food Truck Business Is a Good Niche

Food trucks are not made for every kind of business. These businesses are designed to be easy to use, quick and efficient and they can be used in many different ways that are not available for brick-and-mortar businesses. You can make money with the food trucks by helping customers save money and improve their health; this makes food truck owners a good choice for independent contractors who want to work at home or part time.