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Food Truck Business Plan

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Street Eats Food Truck

Value proposition.

Street Eats Food Truck offers high-quality, diverse, and affordable meals on-the-go. We blend creativity with culinary tradition, bringing global flavors directly to local communities, events, and private functions.

The Problem

People on the go often lack access to diverse, quality meals at affordable prices. Many food options in densely populated areas are either fast food or expensive sit-down restaurants.

The Solution

Street Eats Food Truck provides a solution by offering quality, flavorful, and affordably-priced meals directly to consumers in various locations. Our dynamic menu keeps customers interested and promotes a fun dining experience.

Target Market

Our primary target market includes busy professionals, students, and families looking for a quick and unique dining option. The secondary target market includes event organizers looking for catering services for festivals, private functions, and corporate events.

Competitors & Differentiation

Current alternatives.

• Other food trucks
• Fast food restaurants
• Casual dining restaurants

Street Eats Food Truck stands out with its creative, globally-inspired menu, focus on quality ingredients, and commitment to customer service. We also leverage location flexibility, serving customers at numerous hotspot locations, events, and festivals.

Funding Needs

The estimated startup cost for the food truck, including the truck, kitchen equipment, initial food supply, permits, insurance, and marketing, is approximately $100,000.

Sales Channels

• Street Eats Food Truck (various locations)
• Catering for private events and festivals
• Online orders for pick-up via the business’s website
• Partnerships with local businesses and events

Marketing Activities

• Social Media Campaigns
• Local SEO and Online Advertising
• Participation in Local Food Festivals and Events
• Collaborations with Local Businesses for pop-up events

Financial Projections

2023: $150,000

2024: $175,000

2025: $200,000

Expenses/Costs

2023: $110,000

2024: $120,000

2025: $130,000

2023: $40,000

2024: $55,000

2025: $70,000

• Obtain necessary permits and licenses — July 1, 2023
• Purchase and outfit the food truck — August 1, 2023
• Launch website and social media accounts — September 1, 2023
• Open for business — October 1, 2023
• Cater first private event — November 1, 2023
• Participate in a local food festival — May 1, 2024

Team and Key Roles

Owner/operator.

Responsible for daily operations, menu creation, customer service, and event coordination.

Prepares the food, ensures quality control, maintains cleanliness and food safety standards.

Part-time Staff

Assists during peak hours and large events, helps with food preparation, customer service, and cleanup.

Partnerships & Resources

The purpose of these partnerships is to increase visibility, reach more customers, and create a thriving food truck business.

Local Suppliers

Partnerships with local food suppliers ensure fresh and quality ingredients, support local economy, and can potentially attract customers interested in locally-sourced food.

Event Organizers

Collaborations with local event organizers can provide access to large audiences at festivals, concerts, and private functions.

Local Businesses

Partnering with local businesses for pop-up events can attract their customers and provide mutual benefits.

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How to Write a Food Truck Business Plan – Download Template

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Want to look inside the business plan of a real food truck business? We’ve organized detailed business plan templates from successful food trucks and made them available to you in PDF and Word doc in this post. In addition to offer templates, we give you detailed instruction how to complete each section of the plan using this guide.

Before we dive in, keep in mind that it could take weeks if not months of planning to develop a business plan that’s helpful. Whatever time takes for you to write the business plan will be well spent. When researched correctly this document serves as the “game plan” for operating your entire mobile food business and sets the direction of your company.

Approach this document seriously because it can become the roadmap to operate your business and ensure you’re set up for success. When you’ve finished writing your plan, you should know where you plan to vend, estimated food costs, the marketing plan, and how you’ll raise money for the food truck. Pretty important stuff right? Let’s dig in.

Page Contents

Introduction

• Serious about Starting a Food Truck? Click Here To Get Our Free Food Truck Business Kit.

Download Business Plan Templates

Components of a business plan, executive summary:, food truck mission statement:, company concept and description:, market analysis:, management structure:, product line:, sales and marketing:, funding request:, financial projections:, bonus tips when creating your building plan, is creating a business plan a total waste of time.

I want you to get the most value possible out of your business planning process. Why? I believe having an accurate business plan gives you the best odds of success for operating a profitable food truck.

And if you’re going to be investing tens of thousands of dollars into a food truck or trailer, cooking equipment, and permits, why not invest a few days creating a detailed plan for how to run the business.

Here’s one example why going through this process can be helpful from our Annual Food Truck Academy class, where train future food truck owners how to start a food truck. One student completed her research estimating food cost, overhead, and anticipated sales as part of her business plan. Then she came back and revealed that based on her current plan, the food truck wouldn’t be profitable. After factoring in tax, labor, and food costs there were no profits left over.

Our student was initially discouraged by the numbers, but I was happy. It’s much better to identify a revenue short-fall before you start the business than months after when you see sales coming in, but can’t figure out why there’s nothing left in the bank account. As a result of the work invested on the front end through planning, she was able to evaluate her ingredient cost and pricing to create a business plan that set herself up for success.

Still, many first time food vendors don’t take the time to put in this work. It’s a shame because it’s so easily avoidable.

One more tip before we get into researching and writing the business plan, don’t get overly hung-up on the structure of the document. Unless you plan to apply for a small business loan (then you will need to be more concerned about formatting, but let’s worry about that later), you’re not going to be graded on how pretty the document looks or how nice the nice fonts and illustrations. This isn’t an assignment for school where you’re going through the motions to get a B.

Instead focus your energy on making this plan useful for your business. Find specific locations that you plan to sell food. Get the contact information for these venues to learn how you can get into them. Figure out your exact food cost and how much it’s going to cost to get permits in your area. Putting ink to paper or word document is going to make the operations of your business real.

Now let’s get on with making your game plan!

Note to Reader: This is part of a series of posts following the process of starting a food truck with Anthony Salvagno (featured in the image below) as he writes a business plan, seeks funding, develops a concept, builds a menu, and ultimately launches his first food truck. Listen to the audio lesson inside this post to learn more about writing a winning food truck business plan.

The person that doesn’t have one [a business plan] sets themselves up for failure. – Anthony Salvagno on the importance of thinking before leaping into a business.

Serious about Starting a Food Truck?  Click Here To Get Our Free Food Truck Business Kit.

In my opinion, this case study is most effective when listening to the audio and downloading the example that Salvagno was kind enough to provide for this post. I’ve also linked to other resources that can help you write your own business plan.

Download Business Plan – Yes, this is the PDF business plan used to acquire $5,000 for a food truck during a business pitch competition. This document is referenced in the companion podcast.

Download Business Plan Template – Here’s a sample template you can use and edit for your own truck.

SBA – Create Your Business Plan – The Small Business Administration (SBA) does an excellent job outlining the steps needed to create a business plan. It’s not food truck specific, but it gives you what you need and there’s plenty of valuable information here.

You can learn a lot by reading business plans for other food businesses like restaurants as well. Operating a profitable restaurant is similar to operating a successful mobile food business. The main different is that a trailer is that it’s mobile.

Below is an outline of the key sections you’ll need to complete for a standard business plan with a description of how each section applies to a food truck or trailer business. Complete each section and you’ve got yourself a real plan for your business my friend.

Keep in mind that if you’re creating this document for yourself and not a banker you don’t need to get fancy with the formatting. The important thing is to have a detailed plan for the business before you open. If you feel the burning desire to make this look nice, you can make formatting updates after the

This is an overview of the information contained in the business plan and should introduce the name of your food truck and the food you plan to serve. This section should only be one page in length. Give readers the high-level overview of what the plan. You’ll have plenty of opportunity to dive into the nitty gritty in the next sections of the document.

The purpose of this section in most business plans is to give prospective investors information about your startup. Lenders reviewing a small business loan might be another audience, although they will be much more focused on financial side of things. But for most of our readers this section is for you, a business partner, and potentially a spouse.

For our Executive Summary we included 2 – 3 sentences describing these important aspects of the business. The provides anyone reading this document with a general understanding of what the business is and how it expects to make money:

• The food item we plan to sell and specialize in.
• The key people that will manage the business. In this case, the food truck will be owned and operated by two partners.
• The business entity we plan to form. We formed an LLC.
• Where you plan to operate the business and hours of operation. Our initial plan had us operating 5 days per week for lunch and dinner.
• The basic marketing plan. Again you’ll dive into the details in the marketing and sales portion of the document.
• Projected cost to fund the business and anticipated revenue.
• Future goals. How will you know you’ve won? For some this will be a specific revenue number and for others this could be opening up a franchise with 100s of locations.

Again, unless you plan to bring on outside investors don’t worry too much about perfect formatting in the executive summary. This is to ensure you and your partners are clear on the high-level plan for the business.

The mission statement for a food truck can be as short as a sentence or as long as a paragraph. This statement should define what you plan to serve, who you will serve, and the ultimate vision for the business. When done right the mission statement should guide every major decision you make for the business.

Here’s the mission statement from our business plan as an example: 

To provide the residents of our city, young and old, an out of this world gourmet peanut butter and jelly inspired sandwich experience. We use local ingredients and provide gluten-free, contaminant-free products for those with special dietary needs.

When a mission statement is done right it should actually influence how you operate and run your business day to day. For example, since the utilization of local ingredients is part of our mission statement, we’ve got to actively be looking for local suppliers to buy inventory. If we don’t, we’ve failed.

We also need to consider the dietary needs of different groups of people. This impacts the sandwiches we put on our menu every day. Again, if we don’t do this, won’t reach the goal we’ve set out to achieve.

A mission statement can be the most influential part of the business plan when it’s used the right way. On the other hand, this guide can be forgotten when it’s not used to guide decisions. To learn more about making impactful mission statements, watch this interview to go deeper on the subject.

This is the fun part. Here you will describe what you hope the food truck will become, the food you plan to serve, and why you believe it will be a successful business. For most food trucks this section only needs to be a few paragraphs in length.

Make sure to include information on why your food is both desirable and unique to customers in the area. Also, if you have some type of theme, like an island theme for example, include little details like this in the description.

If you plan to operate something more mainstream like taco truck, take the time to express what it is that makes you different in your market. A common way food trucks differentiate themselves is through their ingredients or style. For example, you could be the only taco truck in town that uses organic, locally raised meats. Or you might be the only one in town that specializes in making fish tacos. Find a way to standout and offer something that isn’t available elsewhere.

You want folks that read this section to be able to clearly envision the kind of overall experience they’ll enjoy when visiting your food truck. Here are a few guidelines for writing this section:

• What food will you serve?
• How is your food different than other vendors in the area?
• Is there a specific type of consumer you want to attract?

As you can see from our own business plan, we differentiated ourselves through seasonal menu changes all the time and have menu options that cater to people that require a gluten-free diet. It’s also worth noting that our core product of peanut butter and jelly sandwiches is unique to the market.

Understand the players in your market before starting a business.

For smaller markets with a couple hundred thousand people living nearby this section might be short and include just 4 – 5 other trucks. However, if you’re entering a market like Los Angeles this section will be larger and more in-depth.

If you’re planning to enter a market that has 10 traditional taco trucks and you plan to start a traditional taco truck too, it will be to differentiate yourself from other vendors in the area.

Consider adding a spin to your own food concept like serving Asian tacos instead to provide local consumers will more variety and fill a potential need. If you’re not sure about the type of truck you want to create yet, looking at the market and seeing what type of food is missing can be a smart way to approach this.

In this area you’ll also want to identify the type of customer that will frequent your establishment. Any data about local trends that you can find will be useful to include as well like this report from IBIS World that forecasts growth in the United States food truck industry for the next 5 years. Google can be a good friend in locating the data to include in the document.

Most food truck owners start with a management structure of one.

This section is straightforward for most food vendors. You can list yourself as the owner and operator if that applies. But don’t forget about key employees or partners too. Many food trucks need a team of 3 – 5 employees to operate successfully during a lunch rush. Make sure these long-term players are accounted for.

In our business plan, it’s a partnership between brothers. The work load is split up between one brother operating the front of the house and marketing: accepting orders, booking new business and events, emailing and calling catering leads. The other brother focuses more on the chef duties including sourcing ingredients, cooking food, working with suppliers, and ensuring food quality.

Industry Survey Results: What is the Average Income of a Food Truck Vendor?

If you have more than one owner of the business this is where you want to take the opportunity to clearly define roles. This is an extremely important section of the document when multiple parties and their money are involved. By outlining everyones responsibilities in this document, it serves as a record of who was in responsible for certain aspects of the business. The more people involved, the more diligent you need to be with assigning tasks.

If it’s not written down, it’s easy for partners to recall things differently. This will help avoid conflict in the future for all parties involved. You need this.

The more stakeholders involved, the more complicated this section will be. You should also include investors and advisors in this section even when people aren’t excepted to help with the daily business operations. Outline what value these people have delivered to the business and what return they can expect in the future.

Ready-made meals can be a great way to diversify your product line.

Finally… This is the section you finally get to describe your food. I recommend outlining the main menu items and any signature dishes that you have in this section. But don’t stop at just the food that you plan to serve.

Other products and services that you plan to offer could include corporate catering gigs or weddings. These can be the biggest money makers for a mobile food vendor.

It pays to think outside the box too in this section. Some vendors that started out by serving food out the window of a truck exclusively have now begun to sell their trademark dishes in stores, online, or at restaurant. Don’t forget to think about possible paths for growth in the business.

• Previous guest of the show Martie Richie of Motley Crews is an excellent example of someone that is doing just that. They’ve expanded to selling snacks online through their e-commerce website and at local gas stations.
• Malcolm decided to open a restaurant to attain more consistent sales, especially through the slow winter months.

A food truck can serve as a mobile promotional platform.

How do you plan to market your business and get sales? One of the biggest factors that determine the success / failure of a lunch truck is location. Will you be able to get into major events or areas with a lot of potential customers?

One of the biggest favors you can do for yourself to input into your sales and marketing plan is to create a tentative list of places you might be able to vend. Get extremely granular with this task. In fact, it might even help to print out a map to evaluate where the best potential vending locations are in your area.

Here’s the information you should gather as part of this process. You can add this information inside the sales and marketing section of the business plan as you gather it. 

• Name of the vending location and cost details.
• Contact information including telephone, email, and address. Ideally a dedicated point of contact in charge of booking vendors.

Here are some locations that work well for food trucks:

• Farmer’s markets: You can usually find vendor information listed on the website.
• Annual events: Browse your cities website for a list of upcoming events like car shows, fairs, or parades.
• Social Media: One of the easiest ways to find good vending locations is to monitor the social media accounts of popular food trucks in your city. If they are vending somewhere, it’s probably a lucrative location that you might be able to vend at as well.
• Corporate Workplaces:  Big corporate employers with a few thousand employees working at a single location can be a good option for generating consistent lunch sales.
• Breweries and Wineries: Places like this often don’t want to build in a restaurant into their operations and partner with mobile food vendors to supply food to guests.

Pro Tip: Make sure to have a a lot of  different parking location options before getting started. Not every location you try is going to be profitable. By developing a big list of opportunities upfront, you won’t feel stressed about vending options because your dream vending location didn’t work out.

There are an endless number of tactics you can use to attempt to drum up business in the early days, but for most successful food business getting into events with big hungry crowds is the first step to building a brand locally and gaining traction. Learn more about finding profitable vending locations here.

Just another day on the food truck.

The key to a good funding request is knowing exactly how much money you need and having a detailed plan explaining how you plan to use it. For food truck owners, the biggest early expense will be in buying a food truck and the kitchen equipment installed onboard.

You should also account for the amount of money you’ve raised or have on hand in this section. In our business plan for example, we were looking at $55,000 all-in to start the business. This would include the purchase of a food truck, our initial inventory of food, and permits. Be extremely diligent in outlining how you intend to spend every dollar in this section. It will safe you time late in the process and lenders will appreciate your attention to detail.

We were able to bring $14,850 or 27% of that total investment to the table that was raised mostly through personal savings, a small crowd funding campaign, and winning a business plan contest. The remaining 73% was acquired through the help of a small business loan. Being able to start a real food business like this for below $15,000 out of pocket is pretty cool.

Reader’s Note: If you’re not planning to seek funding through a traditional bank (or are simply planning to take out a personal loan based on your credit history) you can technically disregard this section, although you should still analyze closely how you intend to spend your money.

If you plan on asking for friends and family for money this attention to detail can help too. Even if they’re not in the food industry, it’s easy to understand that a commercial oven or fridge could cost a few thousand dollars. If you have a specific use for funds that makes sense, it increases the likelihood of obtaining a loan with friendly terms amongst family.

This is an extremely important area to spend time on before starting a food truck. I’d argue this section is as important as the product, sales and marketing plan of the business plan. This section will offer your first insight into whether or not the business idea you have is going to work or not in its present form.

From a practical standpoint, the main thing you want to figure out is what your break-even point for the business is. In other words, how much food do you need to sell in order to pay all of your monthly expenses? This is a simple, but critical question you must find the answer to before getting started.

You can determine the break-even point for a food truck business with this formula: 

Fixed Costs / (Price – Variable Costs) = Bread Even Point

Here’s the due diligence you’ll need to complete to find the break-even point for your food truck:

• Add up the total monthly expenses you expect for the food truck to find your fixed cost number. This number will include loan payments, insurance, cell phone, and everything else you need to pay on a monthly. Use our guide to create a quick estimate of monthly costs.
• The price refers to how much you plan to charge customers and how many sales you anticipate in a given month. From your perspective the less sales you need to break even the better as it will.
• The variable costs is the expenses you put into cost of goods sold. In your case this if the food you’re selling. As you sell more, your variable cost will also increase because you need to buy more product. This is a good thing!

Based on your current fixed cost and variable cost estimates, find out how many total sales of your food total you would need to generate to pay all your bills. Does that number seem seem attainable based on the frequency you plan to vend each month?

Figuring out what your sales is going to be in the future will be the biggest leap of faith you make in the business plan. I always urge people to be being super conservative with sales estimates. You are going to have slow days and extremely busy days when you get out into the real world. Being financially ready for challenging times will make your business more resilient.

Forecasting Financial Projections:

In the financial projections, focus on estimating how much money you will make in the first year of the business. Investing too much time on longterm projections 5-years out doesn’t make any sense since you haven’t actually started the business yet. After the business has been operating for about a month, you’ll want to go back and review the previous estimates to ensure everything is making sense.

While estimating the projected revenue will require some guessing, figuring out startup and monthly operating expenses once the business gets going is much simpler. While there might be unexpected expenses that pop up before opening the business, you already know the monthly bills like insurance, phone, inventory, loan payments (if you have one), commissary.  Read our post that includes a spreadsheet on the Complete Breakdown of Food Truck Operation Costs for help researching this section.

Here are a few other quick tips for the financial projections section: 

• Always start a business with some extra capital on hand and establish an emergency business fund. We suggest $3,000 – $5,000 minimum. You don’t want to find yourself underfunded going into the second week so and not be able to purchase supplies. Unfortunately, break downs also happen in this business so you want to be ready for them.
• You’ll need to be comfortable making a few “educated guesses” in this section especially when it comes to revenue projections. Always be conservative with sales estimates. If you do end of exceeding expectations then that’s fantastic.
• The primary goal of completing this process is to understand how much money you’ll require to operate the business and break even on a monthly basis. After determining a break-even, find out how much it will require to pay yourself a comfortable wage after taxes.

This is the place to include your permit from the health department, photos of the vehicle, and other legal documents needed to operate a mobile food business. This is a good spot to add photos of food or people smiling and enjoying your meals at events (if you’ve vended at an event already). Add in anything else you feel could be helpful too.

Here are a few key concepts pulled straight from the audio companion of this guide.

• Don’t be afraid to ask current food truck owners for help when writing a plan. They have the best understanding of what the market looks like and may even help you to create more accurate market projections. Not everyone will be willing to lend a hand, but some might.
• The financial projections section is the most important and practical element of the business plan. You need this to be able to evaluate how much money you’ll to start the business and what prices you’ll need to charge for longterm success.
• Don’t invest a ton of your time into longterm projections especially years 3, 4, and 5 of the food truck. Restaurants come and go. You won’t be able to make accurate projections out that far anyway.
• You should be extremely detailed when estimating expenses. Including often overlooked items like sandwich wrappers, napkins, mops, buckets, and cleaning supplies. Knowing how much cash you need for day one of starting the truck right is critical.

Good question. That really depends on who you ask.

There’s a whole group of like savvy entrepreneurs and business people who don’t believe in the business plan at all. They’re like okay, you have this written document that you never ever use again. But then there’s this whole other group of people that actually believe in the business plan.

If you’re planning to try to get a traditional bank loan you will need to create a business plan. Having a written plan does not guarantee you will be approved for a loan. In fact, you might get turned down even with an okay credit history.

While it’s not perfect, I firmly believe going through the process of writing a business plan, when taken seriously improves your chances of success. You want to understand your competition. You want to understand where you plan to park. You want to have a few ideas about how you might market your business and what your overhead is going to be before starting the business. This document helps you make more educated decisions based on the work you’ve put in.

The Bottom Line: Will drafting a detailed business plan like this one take a long time? You bet it will. If you do it right, it could easily take a month or two to complete. But the benefits of doing so can be worth it and pay dividends for the life of your business.

So what’s the next step? I suggest enrolling in our free food truck business kit to learn more about the startup process. 

Want to start your own food business?

Hey! 👋I’m Brett Lindenberg, the founder of Food Truck Empire.

We interview successful founders and share the stories behind their food trucks, restaurants, food and beverage brands. By sharing these stories, I want to help others get started.

If you liked this story, sign up for our newsletter that includes our food business startup kit and most popular interviews sent straight to your inbox.

Know someone interesting that should be interviewed on the website? Tell us about them here. 

About the Author: Brett Lindenberg

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Food Truck Business Plan Template

Written by Dave Lavinsky

Food Truck Business Plan

You’ve come to the right place to create your food truck business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their food trucks.

Food Truck Business Plan Example & Template

Below is a template to help you create each section of your food truck business plan.

Executive Summary

Business overview.

Zesty Zane’s Food Truck is a new food truck located in Portland owned by local critically acclaimed chef, Zane Benedict. The menu will consist of popular food options that consist of burgers, sandwiches, gyros, and tacos uniquely made with the creativity and uniqueness that Chef Zane can offer. Chef Zane’s eclectic style and consistency make him a favorite among Portland foodies and his food truck will garner a loyal following amongst young professionals and college students.

Zesty Zane’s Food Truck will be located in the immensely popular food truck pod known as Cartopia. Chef Zane will receive lots of exposure by being a part of this community as there are plenty of neighboring food trucks, bars, nightlife, and entertainment options nearby. With the popular location of Cartopia and an impressive Instagram social media following, Zesty Zane’s Food Truck is destined to become a local go-to dining destination for anyone craving delicious, interesting fare at an affordable price.

Products Served

The following are the products to be offered by Zesty Zane’s Food Truck:

• Sandwiches & paninis
• Assorted non-alcoholic beverages

Customer Focus

Zesty Zane’s Food Truck will target customers in Portland who live, work, or socialize near Cartopia. This area is frequented by numerous young professionals, college students, and the late-night crowd who regularly eat at food trucks. Anyone seeking trendy dining options are the target customers of Zesty Zane’s Food Truck.

Management Team

Chef Zane has worked in the culinary industry for over ten years and is accustomed to the long, demanding hours of operating a kitchen. He attended culinary school in San Francisco and returned home to Portland to be a part of the world-renowned food scene that Portland has built for itself. After working under three award-winning chefs, Chef Zane is ready to venture out on his own and start his own business as a food truck.

Chef Zane Benedict will be the food truck owner and operator of his food truck. He will operate the food truck Tuesday through Sunday from 11:00 am until 1:00 am. Chef Zane will also employ two part-time cooks to assist him during peak hours of operation.

Success Factors

The following success factors will set Zesty Zane’s Food Truck apart from the competition:

• Exceptional cuisine made fresh with locally sourced ingredients.
• An eclectic menu that is unlike any other in the Portland food scene.
• Convenient location: Zesty Zane’s Food Truck will be located in a highly-trafficked food truck pod that is frequented by college students, young professionals, and night-life regulars.
• Delicious food at a good price. Zesty Zane’s food items will be cheaper than other food truck dishes without sacrificing quality.

Financial Highlights

Zesty Zane’s Food Truck is seeking $40,000 in debt financing to open its food truck. The funding will be dedicated for the purchase of the food truck, cooking supplies and equipment, working capital, three months worth of payroll expenses and opening inventory. The breakout of the funding is below:

• Purchase of food truck – $20,000
• Food truck kitchen supplies and equipment – $10,000
• Opening inventory – $2,000
• Working capital (to include 3 months of overhead expenses) – $3,000
• Marketing (website design and management) – $5,000

The following graph outlines the pro forma financial projections for Zesty Zane’s Food Truck:

Company Overview

Who is zesty zane’s food truck.

Zesty Zane’s Food Truck is a startup food truck business located in Portland, Oregon. The menu offerings are eclectic, made-to-order, bistro-type dishes served fresh and fast in the entertainment district of Portland. The ingredients are locally-sourced from independent food growers and artisans in and around the Portland region. The dishes are incorporated with an ingenious twist to commonly known popular food menu items. The menu options are simple dishes commonly seen at food trucks, but Chef Zane adds his own spin to the typical fare – sandwiches, gyros, burgers, and tacos all made his way unlike any other food establishment.

Zesty Zane’s Food Truck is owned and operated by Zane Benedict, a local Chef classically trained in culinary school and under the most prestigious chefs in Portland. Chef Zane is known for his creativity, consistency, and quickness in the kitchen and his dishes receive multiple positive reviews in the restaurants Zane has been employed. Chef Zane specializes in fine French, Italian, and Mediterranean cuisine with a creative twist not typically found in other restaurant establishments.

Zesty Zane’s Food Truck History

After graduating from culinary school in 2008, Chef Zane Benedict worked as a sous chef in three different restaurants in Portland. All of the chefs Zane worked under were award-winning, locally-acclaimed chefs that frequently trained their apprentices to prepare dishes up to their expectation and standards.

Chef Zane learned a great deal from these chefs and garnered a reputation himself for his creativity and consistency. Now that Zane feels he has learned as much as he can from the senior chefs, he would like to venture out on his own and start his own business. Due to the large amount of capital required to open a full-scale restaurant, Chef Zane decided a food truck business was the most cost-effective option for his operation.

Since incorporation, Zesty Zane’s Food Truck has achieved the following milestones:

• Developed the food truck’s branding image, social media, and website.
• Has a soft hold on a used food truck that recently went out of business.
• Developed and finalized the menu of the dishes Chef Zane will serve.
• Obtained a food permit license to be able to prepare and sell food and drinks in Portland County.
• Obtained a sales and use tax permit for use in Portland County.

Zesty Zane’s Food Truck Products

The following are the types of menu items Zesty Zane’s Food Truck will produce:

Food Truck Industry Analysis

Food truck vendors will continue to perform well over the next five years, benefiting from consumers with deeper pockets who are able to spend on pricier gourmet food options. Revenues are expected to increase to $1.4 billion during this time period.

Food Truck industry operators are expected to continue to experience growth, as generally positive economic conditions and momentum from the gourmet food movement propel growth.

Consumers nowadays demand higher-quality food, a wider variety of styles and tastes, better presentation and, most importantly, more healthy menu options. Therefore, operators that include healthy options on their menus will be best situated for success over the next five years. Vendors that continue to offer unique food options will also be in a strong position by carving out a niche and developing a loyal customer base.

The food truck industry will also benefit from an increase in the urban population, which is expected to comprise the majority of the US population in five years. The food truck industry benefits from agglomeration because it relies on high foot traffic. Additionally, urban dwellers are also more likely to purchase meals rather than cooking at home due to their above-average incomes and limited spare time.

Customer Analysis

Demographic profile of target market.

Zesty Zane’s Food Truck will target the population of Portland that frequently dines in the entertainment district. There is a large food truck area of Portland known as Cartopia, where Chef Zane will set up his business. This area is home to numerous dining establishments, nightlife, bars, clubs, and food trucks. The target market of this area are usually young professionals and college students who have disposable income.

The precise demographics for Portland, Oregon are:

Customer Segmentation

Zesty Zane’s Food Truck will primarily target the following customer profile:

• Local residents of Portland who partake in late-night activities such as socializing with friends or bar-hopping
• Business professionals that work and reside in the Portland Cartopia area – law offices, hospitals, clinics, insurance agencies, retail, and schools
• College students who are in search of fast, cheap, and trendy eats

Competitive Analysis

Direct and indirect competitors.

Zesty Zane’s Food Truck will be competing with other food trucks in the Portland community. A profile of each competitor is below.

Potato Champion

Potato Champion is a local favorite of Portland foodies that is also located in Cartopia. Started in 2008, Potato Champion quickly established itself as a fan favorite for late night food. Potato Champion serves a limited menu of hand cut, twice fried Belgian style fries, a variety of dipping sauces, and their own version of the Canadian classic Poutine, as well as other fry related dishes. They pride themselves in using the highest quality ingredients and focus on an inventive menu that combines tastes from all over the world with one of the most popular foods found on the globe, the french fry.

Potato Champion is open for lunch, dinner, and late-night. They are available for catering and delivery through Postmates. Followers of Potato Champion are also able to purchase swag from their store that includes music, bags, pins, and hoodies.

Started by John Eads in 2009, Pyro Pizza was built out of a 8’x16’ food cart that he custom-built with a cast iron wood fire oven. Aside from wood fired pizza, John also makes his own sodas using all real ingredients and natural cane sugar. John’s belief is that good ingredients make good food. His crew makes many components in-house and sources regional flour, pepperoni, sausage, blue cheese, soda ingredients, and seasonal produce all from Portland businesses and farms. In 2015, Pyro’s expanded to a new sandwich cart, Pyro’s Wicked Wiches – a scratch-made sandwich, soup, chips and cookie food cart.

Pyro’s serves an assortment of wood fire pizzas made from scratch. Their choices are margherita, marinara, arugula and mushroom, pepperoni, quattro formaggi, fennel sausage, veggie bianca, breadsticks, salads, and sodas.

Chicken and Guns

Chicken and Guns is another local favorite among Portland foodies. Also found in Cartopia, Chicken and Guns serves up Latin American chicken, wings, tacos, salad, soup, and their “guns” are crispy seasoned potatoes. The chicken is served by the quarter, half, or whole bird. Another item they are acclaimed for is their peruvian aji sauce, habanero carrot sauce and chimichurri sauce. They have been named the best fried chicken in Portland by the PDX Eater.

Chicken and Guns is open everyday from 11:00 am to 10:00 pm for takeout and delivery options. With a large Instagram and social media following, there is always destined to be a line at the Chicken and Guns food truck.

Competitive Advantage

Zesty Zane’s Food Truck offers several advantages over its competition. Those advantages are:

Food Truck Marketing Plan

Zesty Zane’s Food Truck will offer a unique value proposition to its clientele:

• Delicious food made fresh with locally sourced ingredients using exquisite techniques.
• Located in the ultra-hip food truck area known as Cartopia.
• Great food at a great price. The menu offerings of Zesty Zane’s Food Truck will be accessible to customers of all walks of life.

Promotions Strategy

The promotions strategy for Zesty Zane’s Food Truck are as follows:

Social Media

Zesty Zane’s Food Truck’s main source of marketing will be through social media, primarily their Instagram page. Chef Zane has become adept at taking appealing photographs of his dishes. He will post pictures of his menu and add details on the location and hours of operation. His food truck account already has over 3,000 followers and he posts daily “Coming Soon” teaser photos.

Zesty Zane’s Food Truck will be parked in the immensely popular food truck hub known as Cartopia of Portland. There are dozens of food trucks located in this pod and there is always a crowd of people. Cartopia hosts bands, art shows, shopping events, and other social gatherings to enhance the entertainment vibe of the pod. By being part of Cartopia, Zesty Zane’s Food Truck will receive lots of exposure and traffic.

SEO Website Marketing

Zesty Zane’s Food Truck plans to invest funds into maintaining a strong SEO presence on search engines like Google and Bing. When a person types in “local food truck” or “top food trucks in Portland”, Zesty Zane’s Food Truck will appear in the top three choices. Zesty Zane’s will also invest in their website also to ensure that it is user friendly, always up to date, and displays professional photographs of its menu items and location.

Third Party Delivery Sites

Zesty Zane’s Food Truck will maintain a presence on sites like GrubHub, Uber Eats, Doordash, and Postmates so that people looking for local food with the option of delivery will see Zesty Zane’s listed.

The pricing of Zesty Zane’s Food Truck will be moderate and on par with other food trucks so customers feel they receive value when purchasing their menu items.

Operations Plan

The operations plan for Zesty Zane’s Food Truck is relatively simple as its overhead and cost is small. The functional roles for its employees are as follows:

Operation Functions:

• Chef Zane will run the food truck operation. He will be in charge of inventory, menu creation, food truck marketing, customer service, and bookkeeping. Chef Zane will work every day that he chooses to open the food truck. Chef Zane plans on operating the food truck Tuesday through Sunday 11:00 am to 1:00 am.
• Two part-time cooks that will alternate helping Chef Zane during the hours of operation. As business picks up, there will be two cooks at the same time assisting Chef Zane during peak hours.

Milestones:

Zesty Zane’s Food Truck aims to open in the next 3 months. The following are the milestones needed in order to obtain this goal.

4/15/202X – Purchase food truck

5/1/202X – Finalize menu

5/15/202X – Social media and advertising campaign begins

6/1/202X – Finish cleaning up the food truck and prepare it for operation

6/10/202X – Purchase food and drink inventory, stock truck, and park it at Cartopia

6/11/202X – Grand Opening of Zesty Zane’s Food Truck

Zesty Zane’s Food Truck will be owned and operated by Chef Zane Benedict.

Chef Zane Benedict, Food Truck Owner

Chef Zane Benedict is a Portland native who attended culinary school in San Francisco and returned to Portland to become a part of the world-renowned food scene Portland is uniquely known for. Zane was trained under three different chefs at fine dining establishments in downtown Portland and was awarded Best Sous Chef of Portland in 2017. Chef Zane has won two local culinary competitions, placed runner-up in a statewide competition, and participated in a cooking competition show on the Food Network.

Chef Zane has received numerous awards for his creativity and consistency of his food while being able to prepare dishes in a short amount of time. His ability to prepare food under pressure allows him the unique skill of serving numerous customers without having them undergo long wait times. This will keep customers happy and coming back for more.

Financial Plan

Key revenue & costs.

The revenue drivers for Zesty Zane’s Food Truck will come from the menu items being offered daily.

The cost drivers will be the ingredients and products needed to make the menu items (oil, bread, meat, chicken, produce, drinks) as well as the cooking materials (pots, pans, bowls, plates, utensils, etc.). Other cost drivers will be the overhead expenses of payroll for the part-time employees and propane for the food truck.

Funding Requirements and Use of Funds

• Food Truck Marketing (website design and management) – $5,000

Key Assumptions

The following table outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the business loan.

Initial Number of Customers Per Day: 50

Average Menu Item Cost: $9.00

Average Order per Customer: $15.00

Annual Cost for Maintenance of Truck: $10,000

Financial Projections

Income statement, balance sheet, cash flow statement, food truck business plan faqs, what is a food truck business plan.

A food truck business plan is a plan to start and/or grow your food truck business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can  easily complete your food truck business plan using our Food Truck Business Plan Template here .

What Are the Main Types of Food Truck Companies?

There are a variety of types of food trucks, each specializing in a specific type of cuisine or food item. There are food trucks that sell burgers, cookies, ice cream, tacos, pizza, sandwiches, salads and more.  

What Are the Main Sources of Revenues and Expenses for a Food Truck Business?

The primary source of revenue for food truck businesses is its food and beverage sales. 

The key expenses for a food truck business are food costs, salaries, and transportation expenses. 

How Do You Get Funding for Your Food Truck Business?

Food truck businesses are typically funded through small business loans, personal savings, crowdfunding and credit card financing.  A well-crafted food truck business plan is essential to securing funding.

What are the Steps To Start a Food Truck Business?

Starting a food truck business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Food Truck Business Plan - The first step in starting a business is to create a detailed business plan for your food truck that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your food truck business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your food truck business is in compliance with local laws.

3. Register Your Food Truck Business - Once you have chosen a legal structure, the next step is to register your food truck business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your food truck business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Food Truck Equipment & Supplies - In order to start your food truck business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your food truck business. Food truck marketing includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful food truck business:

• How to Start a Food Truck Business

Where Can I Get a Food Truck Business Plan PDF?

You can download our free food truck business plan template PDF here . This is a sample food truck business plan template you can use in PDF format.

Other Business Plan Templates

Catering Business Plan Template Bakery Business Plan Template Coffee Shop Business Plan Template Event Venue Business Plan Template

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Food Truck Business Plan Template

Download our template and start creating your food truck business plan today.

Updated June 25, 2023 Reviewed by Brooke Davis

Are you ready to start a food truck business? You will have many questions at this beginning stage, and a sample food truck business plan can help you find answers.

With the right food truck business plan, you will be better prepared to find investors and get your company on the road.

A food truck costs less to start up than a brick-and-mortar business, but it still requires capital to get going.

Once you know how to write a business plan for a food truck, you can seek the money you need to get started and outline a plan for success.

Why You Need a Business Plan for Your Food Truck Business

How to write a business plan for a food truck, food truck business plan sample.

Many people think: “It’s a food truck; it’s simple. Why do I need a business plan?” A food truck requires planning, just like any other successful business. It would be best if you answered questions like:

• What food will you sell?
• Is there a demand for your product?
• Who will be your customers?
• Where will you travel?
• What are your startup and ongoing costs?
• What will your revenue look like?

A business plan sets the essential details you need for yourself and anyone looking to invest. Successful food truck businesses create a consistent schedule of where they will be and how they will communicate their location.

They know how they will buy their products and how much they will mark up to make a profit.

You must plan accordingly if you invest tens of thousands into a food truck. If you want others to support you, they need to know what they are getting into.

A food truck business plan lays out important details to attract the right kind of capital investors.

To develop your business plan, you must be prepared to cover critical topics and include the correct information.

If you use the template and complete each section correctly, you will have a well-formed business plan for you and potential investors.

1. Executive Summary

The first section of your food truck business plan should be the executive summary. This is an introduction and overview for whoever is reading the plan. It should make an excellent first impression and offer concise information without too much detail.

The executive summary highlights what your food truck business will look like and how it will be successful. It is considered by many to be the most crucial section of your business plan.

As for any startup business, you must build a solid case for the idea’s merit and why others should get financially involved. A typical executive summary includes sections such as:

• The target market for the food truck
• The business model
• Marketing and sales strategies
• Competition in the area
• A financial analysis
• Who the owners and staff will be
• An implementation plan
• What food will you offer, and why is it appealing

This section can contain a mission statement that describes your business values and philosophy. It should focus on concrete and achievable future goals for the company.

2. Management Team

Your business plan should include ownership information and details about the management team. A detailed outline of responsibilities sets the tone for how your food truck will run and makes expectations clear to everyone involved.

It also demonstrates to investors that you have considered how you will run your business effectively.

Ownership information should include the following:

• Full names of all owners
• The legal structure of the business (limited liability company, sole proprietorship, partnership, etc.)
• Percentage of ownership for each owner
• Types of ownership (partner interests, capital expenditure basis, stocks)

You also want to include information that fully outlines and profiles your management team. For each individual, this should have their

• Full legal name
• Position and summary of responsibilities
• Education and background
• Any relevant prior employment
• Past business success
• Food industry training or recognition
• Salary and benefits information

3. Products and Services

This is the section where you talk about the most essential part of your business — the food you will sell. Your business plan’s products and services section should include the full menu you plan to use at the opening.

If your full menu isn’t yet prepared, get it done to include it in the business plan. Including a fully designed menu shows you are ready to start your food truck immediately.

This section will also address:

• How will you order supplies
• Product costs and sale prices
• Why customers will eat your product over others
• How the product offerings will change over time
• How will you measure product sales success

Addressing each of these details is important to investors. It also provides guidelines to keep your good ideas practicable and achievable in a competitive food truck business market.

4. Customers and Marketing

Knowing who will buy your product is vital to a food truck business plan. This section will outline who will be interested in your food and why they will buy it. Are you focusing on a certain demographic, or is your food pleasing to many different types of customers?

You must outline this information and provide sufficient facts. One of the most common mistakes in business plans is to make statements without supporting evidence.

Your market research should be included here to show why you will have customers who will utilize your business.

Marketing is a key factor in the success of a food truck. How you advertise can make or break your brand recognition and ultimately affect your sales.

Your business plan should answer questions like:

• Will your truck contain brand advertising and logos?
• Will you have a social media presence? If so, what will it look like?
• Will you advertise on TV, radio, or other methods?
• Where will you go to sell your food? How will you let customers know where you will be?

This information is crucial and should be addressed in detail in this section. Be specific with your marketing strategies.

Vague information demonstrates that you have failed to clearly outline how you intend to advertise your food truck to the public.

5. SWOT Analysis

This section should address your business’s strengths, weaknesses, opportunities, and threats. The SWOT section is a framework used to evaluate how a company will compete in the market.

It analyses internal and external factors affecting your food truck’s success. It uses realistic and fact-based data, not your best hopes. This section should utilize actual data-driven market research.

The analysis should focus on why the product line will be successful against its competition. It should answer questions like:

• What is our competitive advantage?
• Where can we improve?
• What threats does our company face?
• What technology or other resources can we use to expand our market?

Answering these questions in detail provides key insights into how your food truck business will succeed despite any challenges.

With this information, investors can be assured their capital is wisely invested, and you are the right choice.

6. Financials

This section focuses on financial projections for the food truck company. It offers information about how your business will perform. Your financial information should address your break-even point and how you will exceed that amount.

The owners and investors must know how much money it will take to cover expenses, much less see a profit.

This section should also include:

• Financial projections based on mathematical models
• Monthly expenses for the business for supplies, employees, and more
• Price points for products
• Variable costs of goods, gasoline, truck maintenance, and more
• Projected revenue

This information should be backed up with complex data from your market research.

7. Operations

This section will outline the nitty-gritty operational details of your food truck business. It will include information related to products and services but will also outline crucial details like:

• Potential vending locations
• Business hours
• Business licensing and other legal requirements
• How many employees will you hire, what are their wages, and any benefits
• Food truck design
• Cooking and cleaning procedures

These crucial details show how you will get the job done each day. Every business owner understands it takes work — not just a great idea — to succeed.

Investors know this too, and will look for your business operations plans.

8. Appendix

The appendix is the place to include legal documents and other important information relevant to the rest of your business plan. Here you can provide the following:

• Copies of legal permits
• Photos of the product
• Customer reviews
• Market research on which your data was based
• Other relevant information
• Letters of reference
• Regulatory and Compliance Requirements

This section is meant to bolster the rest of your business plan and end on a positive note. Pictures of smiling people eating your food may leave a positive image for anyone who has read your business plan.

The appendix is flexible and meant to give you options.

Legal Templates can provide a free sample food truck business plan to help you get started. Whether you are just beginning the process or ready to look for investors, we can help.

Use a template builder to build your business plan step-by-step. See the food truck business plan sample below:

You can download a business plan in Word format here  or start creating your food truck business plan using our document builder.

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• Power of Attorney
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Food Truck Business Plan

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2. Company Overview

Provide detailed information about your food truck business in this section. It includes the food truck concept, name, location, legal structure of your business, and everything else about your business.

Here is an example of a business description made by the use of Upmetrics:

Also, do not forget to mention the type of food truck you are going to start, for instance, your business might be the one from below: 

• Gourmet food trucks 
• Taco trucks 
• Pizza trucks 
• Burger and sandwich trucks 
• Dessert trucks 

If you already have another local food truck and this is the other one, then write the business history about your food business.

After that, mention the vision and mission of your food truck business along with the future goals. Include the names, qualifications, and specializations of the owners.

3. Industry Analysis

The industry analysis will give you all the details about the food industry you are going to enter. It will support you in a better understanding of your business.

Here are some types of questions you might ask while conducting a food industry analysis:

• What is the current size of the food truck industry in the USA?
• What are the major trends in the food truck industry?
• Who are the huge players in the industry and what is their market share?
• How is technology affecting the food truck industry?
• What is the average price range and spending limit of the customers?

In short, industry analysis will help you have a better understanding of the market and support you in making informed decisions.

4. Competitive Analysis

Competitive analysis will help you to know the price point and positioning of your business in the food industry. This way you will also get to know about your direct and indirect competitors, as in other food trucks in your location.

Start your competitive analysis section by listing all your competitors with all their plus points and negative points. Some of the questions you might ask to know your competitors are:

• What food items does their menu include?
• What is their market share?
• What are their USPs and what do their customers like about them the most?
• How much does a food truck cost?
• What is their pricing strategy?
• What are the weaknesses through which you can have a competitive advantage?

After getting all the above answers, analyze your strengths, weaknesses, opportunities, and threats to get a better understanding of your USPs.

This way you can get to know the USP of a food truck business. Once you get the USP, flaunt it in your own business plan.

5. Market Analysis

Competition in the restaurant industry is high, and to get a small gap to enter the market is a huge opportunity. Once you enter the market, it is time to define and mention your target market first.

Your target audience will depend on the type of food truck services you provide and the location of your food truck.

Once you know who you are going to serve, then understand the market by knowing the current trends and customer preferences. For example, some of the market trends for a food truck are:

• Health conscious diet
• Local sourcing
• Food transparency
• Kiosks (contactless ordering and payment)
• Creative menu items

At the end of the market analysis, do mention the regulatory environment a food business needs to follow in the particular location.

6. Sample Menu

One of the most necessary steps to launch your food truck business is designing the sample menu. Generally, food truck businesses provide fast-preparing meals.

A sample menu forces you to think about what will you make and serve your customers. Consider where you will store uncooked food, what you will need to prepare that food, and what you will use to serve that food to your customers.

Your menu should be in coordination with your target customers; for example, if you have students around the corner then design your menu with fast-serving dishes.

The menu is also a part of your branding, so keep the color and design of the menu the same as your food truck. Here is an example of including your menu in the food truck business plan:

7. Sales and Marketing Plan

You can see a food truck in the corner of every alley, so you need to reach customers and not wait for them to come to you. For that, you will need a food truck marketing strategy in place. Some of the strategies are:

Create a professional and mobile-friendly website including your location, contact information, and images of the food items you offer. This will help local customers find you online.

Social media marketing

Maintain active profiles on TikTok, Twitter, FaceBook, Instagram, and all other major social media platforms to spread your reach. It will help your target market to recognize you and will interest them to visit your food truck.

Loyalty programs

Think of implementing a loyalty program to reward your existing customers. You can offer free food dishes, BOGO offers, discounts, or any other such thing. These programs can help you increase the customer retention rate and encourage them to visit your business more.

Community engagement

Participate in food truck gatherings, local events as a stall, and other fun food festivals. Engage with the local community by sponsoring or collaborating with local organizations. Building a strong local reputation can help you reach a wide customer base.

Email marketing

Send regular newsletters, special offers, discounts, and event invitations to everyone whose details you got from your website. Email marketing can be a powerful tool for customer retention and engagement.

8. Management team

Letting your readers or investors know who is behind your food truck will allow them to understand your business more.

The management team is all about who is behind the wheels of your food truck and what are their roles. If you are starting a new food truck, then showcasing your experienced managers or head chef will make your business look stronger.

Here is an example of a management team:

9. Business Operations

In the entire business plan we have talked about goals, but here is the point where you have to mention what will you do to fulfill those goals.

Everyday goals

They are the heart and soul of your food truck business. From buying the most qualitative food items to fulfilling customers’ needs and everything in between is included.

Long-term goals

It’s all about milestones: the moments that make you pop the champagne. Picture celebrating your 10,000th delivery, hitting that milestone sales figure you’ve dreamt of, or expanding your team.

10. Financial Plan

For a successful food truck business, you will need a proper financial plan with realistic financial projections. In this section add the financial statements like income statement, cash flow statement, and balance sheet for 3-5 years.

• Income statement

An income statement is also known as a profit and loss statement, which describes the profitability of the business by deducting expenses from revenue.

The income statement is one of the important things your investors will focus on. So, don’t be greedy and display huge impractical numbers.

• Balance sheet

Balance sheets display your assets and liabilities. Although they can contain a lot of details, like equity, goodwill, other intangible assets, etc.

• Cash flow statement

Your cash flow statement helps you see how much money you need to start or grow your business and avoid running out of money. This cash flow should be maintained even for certain months after launch that is before you start making profits.

Surprisingly, you can make a profit but still face financial problems that could lead to bankruptcy. Therefore, you will need proper cash flow planning to avoid such circumstances. Here is an example of a 5-year cash flow statement:

Why Do You Need a Business Plan for Your Food Truck?

If you are wondering why there is a lot more voice for a business plan, then consider this:

• A food-truck business plan offers a strategic direction to your business goals and helps you achieve them.
• A business plan will also help you understand the finances of your business and help you to secure funding.
• It will clarify the vision of your food truck, so you can focus on the daily operations.
• Also, it allows you to know specific risks you might face in the future, as a result, you will be prepared.

Now that you have plenty of reasons to have a food truck business plan, start writing one.

Related Food Truck Resources

• How Much Does It Cost To Start A Food Truck
• How to Start a Food Truck Business
• Food Truck Financial Plan

Download a Food Truck business plan template

Ready to kick-start your business plan writing process? And not sure where to start? Here you go, download our free food truck business plan pdf , and start writing.

This intuitive, modern, and investment-ready template is designed specifically for food truck businesses. It includes step-by-step instructions & examples to help in creating your own food-truck business plan.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

Write Your Business Plan with AI

Lastly! With the help of our food truck business plan template, you know how to write a business plan. So, you are a step closer to starting or expanding your food truck business exciting, right?

You know what else is exciting? Making your business planning process a lot smoother than this; yes, it is possible with the AI assistant of Upmetrics.

So, take a deep breath as we will take care of your business plan, and focus only on your business operations.

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Frequently asked questions, can i start a food truck business without a formal business plan.

You can start a food truck business without a professional business plan, but it is not advisable, as a business plan will act as your roadmap. If you are going to start your business with bootstrapping, then you can take the risk of not writing a food truck business plan.

How often should I update my food truck business plan?

Your food truck business plan is a live document. So, you can edit it wherever and whenever you want. Ideally, you can read and edit your business plan once a month or as many times as required.

What should I include in the financial projections section of the business plan?

In a food truck business plan, you will need various estimated financial statements like

• Break-even analysis
• Sales forecast
• Uses of Funds
• Financial ratios

What are some tips for writing a food truck business plan template?

Some tips for writing a food truck business plan are:

• Be clear and concise about your goals
• Use data and statistics to support all your claims
• Be practical and realistic about your financial projections
• Ask friends and family to give feedback on your plan
• Read and re-read it before presenting it to your investors

What is the ideal length for a food truck business plan template?

Generally, the length of a business plan is around 15-35 pages. It also depends on the audience of your business plan, the type of your business, and the type of your business plan. As for a one-page business plan, the length is going to be 1 page.

About the Author

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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Food Truck Business Plan Template

If you are considering starting a food truck business, you are in the right place. Our free food truck business plan template is designed to help entrepreneurs like you turn their culinary dreams into a reality. This comprehensive template provides a step-by-step guide to developing a solid business plan, which is essential to securing funding, attracting customers, and ultimately achieving success. Whether you are a seasoned chef or just starting out, our food truck business plan template can help you get started on the path to launching a successful and profitable food truck business.

Get the free business plan template here!

Are you passionate about food and looking to start your own business? If you've considered starting a food truck, you're in luck! Our free food truck business plan template can help guide you through the process of starting your own successful food truck business.

Starting a food truck business can be an exciting and fulfilling venture. You'll get to share your passion for cooking with others and have the freedom to work for yourself. However, launching a food truck requires more than just a love of food - it takes careful planning, organization, and strategic thinking to make it a success.

That's where our free food truck business plan template comes in. This comprehensive template is designed to help you create a solid business plan that will guide you through each step of the process. From identifying your target market and creating a menu to securing funding and developing a marketing plan, our template covers all the essential elements of a successful food truck business.

Here are just a few of the key features of our food truck business plan template:

• Executive Summary: This section provides an overview of your food truck business and includes a summary of your mission, goals, and target market.
• Company Description: This section provides more detailed information about your business, including your business structure, legal requirements, and any partnerships you may have.
• Market Analysis: This section helps you identify your target market and understand the demand for your food truck business in your area. It includes a competitive analysis to help you understand your competition and how you can differentiate yourself.
• Menu: Your menu is the heart of your food truck business, and this section helps you create a compelling and profitable menu that will attract customers.
• Marketing Plan: Once you have your food truck up and running, you'll need to attract customers. This section helps you develop a comprehensive marketing plan that includes both online and offline tactics.
• Financial Projections: This section will demonstrate some actual food truck financial projections so you can see what should be included in your food truck business plan.

Our food truck business plan template is easy to use and customizable to fit your unique needs. Whether you're just starting out or looking to grow an existing food truck business, our template can help guide you through the process of creating a solid business plan that will set you up for success.

Starting a food truck business is an exciting and rewarding journey, but it's important to remember that success doesn't happen overnight. With careful planning, hard work, and a solid business plan, you can turn your culinary dreams into a thriving business. So why wait? Download our free food truck business plan template today and get started on the path to success!

Food Truck Business Plan Frequently Asked Questions

Q: why do i need a business plan for my food truck.

A: A business plan is essential for any food truck entrepreneur, as it outlines the foundation and strategy of your business. It helps you define your goals, identify your target market, and map out the steps you need to take to achieve success. A solid business plan can also help you secure funding and attract investors.

Q: How do I create a menu for my food truck?

A: Creating a menu for your food truck can be a fun and creative process, but it's important to keep a few things in mind. Consider your target market and what types of foods they're interested in, as well as what is popular in the area you plan to operate. Think about how you can make your menu unique and stand out from the competition, while also keeping your costs low and your prices reasonable.

Q: How much does it cost to start a food truck business?

A: a good estimate is around $50,000 to $100,000 for a new food truck. This includes the cost of the truck, kitchen equipment, permits, and other start-up expenses. The cost of starting a food truck business can vary widely depending on factors such as the size of the truck, equipment needed, and local regulations.

Q: What kind of permits and licenses do I need for my food truck business?

A: The specific permits and licenses you need for your food truck business will vary depending on your location and the type of food you plan to serve. Generally, you'll need a food service permit, health permit, and business license. You may also need a parking permit and special permits for events and festivals. Be sure to check with your local health department and city officials to find out the specific requirements for your area.

Q: How do I market my food truck business?

A: Marketing your food truck business is essential to attract customers and build your brand. There are a variety of marketing tactics you can use, such as social media marketing, email marketing, and local advertising. You can also participate in local events and festivals to get your name out there and build relationships with other food truck owners and vendors. The key is to find the marketing channels that work best for your business and target your audience effectively.

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Collectively, our team has reviewed thousands of business plans and has nearly 20 years of experience making SBA loans. We've also helped more than 50,000 businesses create financial projections across many industries and geographies.

Adam served as Executive Director for a SBA microlender in Indiana for over 10 years helping businesses and reviewing thousands of business plans.

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Food Truck Business Plan Template

Written by Dave Lavinsky

Over the past 20+ years, we have helped over 1,000 entrepreneurs create business plans to start and grow their food truck businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a business plan for a food truck business step-by-step so you can create your plan today.

Download our Ultimate Food Truck Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your food truck business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a food truck business or grow your existing business you need a food truck business plan. A business plan will help you raise funding, if needed, and plan out the growth of your business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.

Funding Sources for a Food Truck Business

With regards to funding, the main sources of funding for a food truck business are personal savings, credit cards, bank loans, and angel investors.

With regards to loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.

Angel Investors

Angel investors are another common form of funding for food trucks. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding or, like a bank, they will give you a loan. Venture capitalists will not fund a food truck business.

Finish Your Business Plan Today!

How to write a food truck business plan.

The following food truck business plan sample will guide you to completing the 10 essential sections of your own food truck business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of food truck business you are operating and the status; for example, are you a startup, do you have a food truck business that you would like to grow, or are you operating a chain of many food trucks?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the food truck industry. Discuss the type of business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your food truck marketing strategy. Identify the key members of your team. And offer an overview of your realistic financial projections.

Company Overview

In your company overview, you will detail the type of mobile food business you are operating including a company description.

For example, you might operate one of the following types, based on your food truck’s cuisine:

• American : this type of food truck specializes in burgers and a general range of specialty sandwiches and hot dogs.
• Asian : this type of food truck includes a range of cuisines such as East Asian (including Chinese, Japanese, and Korean restaurants); Southeast Asian (including Vietnamese, Thai and Malaysian restaurants); and South Asian (including Indian, Sri Lankan and Bangladeshi restaurants).
• Desserts : this type of food truck ranges from ice cream trucks serving soft serve, to larger, more sophisticated stands within larger food markets or event areas.
• Central and South American : this type of food truck serves cuisine known for intense and varied flavors and variety of spices.
• Fusion : this type of food truck serves novel options that are more sophisticated and creative interpretations of more traditional ethnic cuisines.

In addition to explaining the type of food truck you operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What is your food truck mission statement?
• What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new store openings, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

Also called the market analysis, you need to provide an overview of your food truck business.

While this may seem unnecessary, it serves multiple purposes.

First, researching the food truck industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy particularly if your research identifies target market trends. For example, if there was a trend towards Fusion food consumption, it would be helpful to ensure your plan calls for creative menu options.

The third reason is to prove to readers that you are an expert in the food industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the market analysis section of your business plan:

• How big is the food truck market (in dollars)?
• Is the target market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What are the industry’s growth opportunities over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your business. You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your food truck start-up business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: college students, moms, teens, baby boomers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of food truck business you operate. Clearly, baby boomers would want different pricing and product options and would respond to different marketing promotions than college students.

Try to break out your target audience in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the target age group, genders, locations, and income levels of the potential customers you seek to serve. Because most food truck businesses primarily serve customers living in the same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other food truck businesses.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes quick-service restaurants, supermarkets, and customers making the food themselves at home. You need to mention such competition to show you understand that not everyone frequents a food truck business each day.

With regards to direct competition, you want to detail the other food truck businesses with which you compete. Most likely, your direct competitors will be food truck businesses located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What products do they offer?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to stand outside your competitors’ locations and ask customers as they leave what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide superior food?
• Will you provide menu items that your competitors don’t offer?
• Will you make it easier or faster for customers to acquire your products?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a food truck business plan, your plan should include the following:

Product : in the product section you should reiterate the type of food truck business that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to burgers, will you offer items such as salads or wraps?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the menu items you offer and their prices.

Place : Place refers to the location of your food truck. Document your location and mention how the location will impact your success. For example, will you operate your food truck next to a heavily populated office building, or gym, etc. Discuss how your location might provide a steady stream of customers.

Promotions : the final part of your food truck business marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Making your food truck exterior extra appealing to attract passing customers
• Distributing food samples outside the food truck
• Advertising in local papers and magazines
• Sponsored listings on Yelp or other websites
• Participation in delivery services such as Uber Eats, DoorDash, etc.
• Reaching out to local bloggers and websites
• Social media advertising
• Partnerships with local organizations (e.g., gym members get a free fruit cup with each wrap they purchase)
• Local radio advertising
• Banner ads at local venues
• Develop a customer loyalty program

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your food truck business such as serving customers, procuring supplies, keeping the store clean, etc. It may also include information about your operational challenges and how you plan to overcome them.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 10,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new truck.

Management Team

To demonstrate your food truck’s ability to succeed as a business, a strong management plan is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in the food truck business. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your management structure is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in food trucks and/or successfully running quick-service restaurants and small businesses.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 50 customers per day or 150? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your food truck business, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most food truck owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a food truck business:

• Cost of purchasing and customizing your food truck
• Cost of cooking equipment like grills, fryers, food warmers, refrigerators
• Food costs and projected cost to maintain an adequate amount of supplies
• Payroll or salaries paid to staff
• Business insurance
• Taxes and permits
• Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your store design blueprint, building permits, location lease, etc.

Food Truck Business Plan Summary

Now here comes the fun part — putting together your own business plan for your food truck business! If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the food truck business, your competition, and your customers. You will have developed a marketing strategy to get the word out and will really understand what it takes to launch and grow a successful food truck business.

Food Truck Business Plan FAQs

What is the easiest way to complete my food truck business plan.

Growthink's Ultimate Food Truck Business Plan Template allows you to quickly and easily complete your Food Truck Business Plan.

Where Can I Download a Free Food Truck Business Plan PDF?

You can download our sample food truck business plan pdf.  This is a food truck business plan sample  template you can use in PDF format.

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A Sample Food Truck Business Plan Template

The food truck concept has been around for centuries, right from when street vendors in ancient Rome made and sold delicacies to the public using wooden street carts. Today, that concept and the accompanying menus have evolved from just simple street food to different, complicated cuisines.

If you are looking to start a food truck business, you need a well-researched and detailed business plan. Aside from helping you cover all your bases, it makes available vital information about your new endeavor to potential investors. Since putting together a food truck business plan is such a vital step, it is advisable you write it before you even purchase a food truck.

Steps on How to Write a Food Truck Business Plan

Executive summary.

Beta Life Chops will be located in a large food cart pod near Portland’s Jade district known as Eastport Food Center. Our menu will include popular food options made with the creativity and uniqueness that our truck represents. Our eclectic style and consistency will make us a favorite among Portland foodies and ensure that our food maintains a loyal following amongst young professionals and college students.

With Eastport Food Centre nestled in one of the city’s most diverse neighborhoods and with an impressive social media following, Beta Life Chops is well-positioned to become a local go-to dining destination for anyone eager for a good, delicious, interesting fare at an affordable price.

Company Profile

A. our products and services.

• Hot Products: Burritos, tacos, flautas, Hunan Vegetables, Shanghai chicken, grilled chicken, Grilled cheese, pretzels, the chef specialty of the day
• Cold products: Seafood, sandwiches, rolls, wraps, and salads
• Drinks: Soda, freshly squeezed juices, hot chocolate, wine, beer, coffee
• Create your own: We will make available raw materials for our clients to combine anyway they want

b. Nature of the Business

• Specifically for food-conscious modern buyers
• Attending to all age groups
• Healthy choices
• Top menu customization
• Website and mobile app
• Festive truck event catering
• Customer feedback is an utmost priority
• Consulting chefs developing recipes
• Create your own recipe

c. The Industry

Our business will operate in the food truck industry. This industry is made up of businesses that are engaged in preparing and serving meals from a mobile truck.

d. Mission Statement

Our mission at Beta Life Chops is to create and serve a product line that fits nicely with health trends nationwide.

e. Vision Statement

Our vision at Beta Life Chops is to offer our customers out-of-this-world meals inspired by our eclectic style and consistency. We will always maintain a simple philosophy – serve only the highest quality product, prepare it in a clean and sparkling environment, and serve it in a warm and friendly manner.

f. Tagline or Slogan

Beta Life Chops – Trendy with Happiness

g. Legal Structure of the Business (LLC, C Corp, S Corp, LLP)

Beta Life Chops will be a member-managed Limited Liability Company, formed in the state of Oregon and operating out of a custom-built food truck in Jade District Portland. We believe that the LLC provides us adequate cover and protection to grow and diversify our revenue streams.

h. Organizational Structure

• Food Truck Manager
• Assistant Food Truck Manager
• Window Attendant
• Truck Cooks

 i. Ownership/Shareholder Structure and Board Members

Beta Life Chops will be a member-managed Limited Liability Company, formed in the state of Oregon and operating out of a custom-built food truck in Jade District Portland. Our Head Chef and Truck Manager Lillian Birch and Michelle William the Assistant Food Truck Manager remain the owner-operators and will share the responsibilities of day-to-day operations.

SWOT Analysis

A. strength.

Aside from the hands-on experience of our founders and chef, our strength lies in our financial capacity and eagerness to succeed in the business.

We have purchased a brand new mobile food preparation vehicle (MFPV) that can meet the needs of over 500 customers per day. We have also developed relationships with brand experts who will help to build our brand to a level where we can start selling franchises.

b. Weakness

Our intention of running our mobile truck business alongside other similar business offerings like training, consultancy services, and sale of the franchise can distract us from focusing our energy in one direction. We totally understand this and are striving to block any area that will sap our energy and make us underperform in our core business area – the sale of foods and drinks.

c. Opportunities

Our business location presents a massive opportunity for us at Beta Life Chops. Eastport Food Center is a large food cart pod near Portland’s Jade District, well situated in one of the city’s most diverse neighborhoods, and the 25 carts that reside here reflect that.

i. How big is the Industry?

According to industry reports, the market size of the US food truck industry measured by revenue is $1.2bn in 2023.

ii. Is the Industry Growing or Declining?

The US food truck industry is growing rapidly and has outpaced the broader foodservice sector. Reports have it that it experienced a boom over the five years to 2022 owing to the surge in gastronomy in the United States. It is still expected to grow at an annualized rate of 6.6% in the coming years.

iii. What are the Future Trends in the Industry

Here are the top trends in the industry according to experts.

• Rising demand for environmentally friendly food
• Growing vegan options and meat-plant blends
• More event partnerships and promotions
• More commercial restaurants experimenting with food trucks
• Increased technology and social media
• More peanut butter alternatives
• Flour alternatives
• West African cuisine
• Refined sugar alternatives

iv. Are There Existing Niches in the Industry?

When looking to start a food truck business, here are some niche ideas to look into;

• Preparing and serving food from a mobile truck
• Preparing and serving beverages from a mobile truck
• Preparing and serving dessert from a mobile truck
• Serving prepackaged food and beverages from a mobile truck

v. Can You Sell a Franchise of your Business in the Future?

Yes, our plan at Beta Life Chop is to build our brand to a level where we can start selling franchises and offer training and consultancy services in the mobile food truck industry.

At Beta Life Chops, one of the threats that we may likely face is vehicular traffic in key cities. Traffic can delay not just our clients but our truck from getting to our business location before lunch break is over. In addition, government policies could also pose a great threat to the mobile food truck industry.

i. Who are the Major Competitors?

• LGM Delicacies
• Eastport Beer Garden
• Grubtopia Comfort Soul Food(BBQ)
• Los Parceros (Colombian Food)
• Indian Hunger Point
• Lei’d Back Hawaiian Cuisine
• Samurai Sushi
• Off the Leash (Chicago Hot Dog)
• Japanese Express
• Northwest Gyros(Gyro &Shawarma)
• Bobablastic (Drinks & meals)
• Esan Thai (Thai Food)
• Mas Sabor ( Mexican Food)
• Turkish Agha (Turkish Cuisine)

ii. Is There a Franchise for Food Truck Business?

• Repicci’s real italian ice & gelato: $152,150 – $176,400
• Wayback burgers: $209,000 – $524,500
• Little caesars mobile pizza kitchen: $221,000 – $654,000
• Kona ice: $150,400 – $174,150
• Dairy queen: $1,101,135 – $1,856,655
• Cousins maine lobster: $187,150 – $815,450
• Johnny rockets: $597,100 – $1,189,000
• Toppers pizza: $292,146 – $530,652
• Gigi’s cupcakes: $226,700 – $425,500
• Captain d’s seafood: $709,300 – $1,231,400
• Cafe2u: $109,146 – $154,621
• Cheezious: $499,000 – $1,158,000
• Ice cream emergency: $129,700 – $179,650
• Sweet pea homemade ice cream: $40,250 – $110,500
• Mister softee: $158,500 – $181,000
• Tikiz shaved ice & ice cream: $132,000 – $144,000

iii. Are There Policies, Regulations, or Zoning Laws Affecting Food Truck Business?

Yes, the requirements to start a food truck business in the United States varies from state to state and even city to city. Food truck regulations most often fall into three major categories: health, zoning, and vehicle requirements. Health regulations handle the sort of equipment your truck must have, what permits you and your employees need, and whether you need a commissary kitchen.

Zoning regulations note the places you are permitted to park your truck for service, what types of neighborhoods are not allowed, and where you can park your truck overnight. There will also be laws on what type of vehicle you can use, what emissions regulations your truck must meet, where you need to register your vehicle, and if your truck driver needs to have a commercial driver’s license (CDL).

Marketing Plan

A. who is your target audience.

i. Age range

At Beta Life Chops, we believe our target audience will fall within the age range of 14 to 45 years.

ii. Level of Educational

The level of education of our target audience will vary exponentially. There is a middle school and high school in our town. We expect students from these schools to frequent our business location.

iii. Income Level

The income level of our target market will be individuals that earn from $2,400 annually and above.

iv. Ethnicity

Our target market at Beta Life Chops will include anyone who is looking to taste local cuisine without having to pause what they’re doing and take time to go to a restaurant.

v. Language

There are no language restrictions at Beta Life Chops.

vi. Geographical Location

Our aim at Beta Life Chop is to serve the residents of Portland, Oregon, and surrounding areas as well as those who work in the Jade District.

vii. Lifestyle

• Families and Couples
• Local office workers
• Soccer/stay-at-home moms

b. Advertising and Promotion Strategies

• Interact with the local establishments like unions and service organizations and inform them about our business. In addition, offer them catering service for their events.
• Align with the right people that can be advantageous to our food business like event coordinators, tour guides, hotel personnel, etc.
• Speak to local companies’ management and offer to cater their events.
• Attend all the local events, like a farmers market, arts festivals, and carnivals.
• Always be easygoing and friendly with our prospective customers and never try to be too insistent.
• Always get involved in the local community’s activities
• Distribute our promotional business flyers and paper menus. We believe that the more we advertise the more advantage we will have over competitors.

i. Traditional Marketing Strategies

• Ensure that our food truck exterior is extra appealing to attract passing customers
• Distribute food samples outside our food truck
• Advertise in local papers and magazines
• Sponsored listings on Yelp or other websites
• Participation in delivery services such as Uber Eats, DoorDash, etc

ii. Digital Marketing Strategies

• Reaching out to local bloggers and websites
• Social media advertising
• Partnerships with local organizations (e.g., gym members get a free fruit cup with each wrap they purchase)
• Local radio advertising
• Develop a customer loyalty program

iii. Social Media Marketing Plan

• Pay Per Click
• Use Facebook Advertising.
• Show Your Truck and Coils At Work On Instagram
• Encourage Engagement
• Post Consistently
• Make Posts Visual and Add Relevant Hashtag
• Engage with Customers and Followers
• Post About Food and Food Trucks

c. Pricing Strategy

At Beta Life Chops, our pricing will be moderate so customers will feel that they are getting great value when patronizing our trucks. We will also ensure that our pricing stays moderate and at par with competitors.

Sales and Distribution Plan

A. sales channels.

At Best Life Chops, our website and mobile app will bring our products to the eyes of the public. In addition, our presence at Eastport Food Centre will not go unnoticed as we will have nicely decorated trucks, food tasting events, and mini-contests. We will participate in fairs and local events and we will cater to weddings and parties.

b. Inventory Strategy

After extensive research, we intend to achieve a level of order accuracy and make everything easier by leveraging mobile POS software.

We believe that the Tablet-based ordering screens will offer our customer-facing person an easy way to input orders. This will ensure that sending orders to the cook, or remembering the nuances of each order becomes easier.

c. Payment Options for Customers

• Payment with cash
• Payment via credit cards
• Payment via online bank transfer
• Payment via mobile money transfer

d. Return Policy, Incentives, and Guarantees

At Best Life Chop, we will have an easy refund policy, with a 100 percent satisfaction guarantee. Since we are great at what we do, we will always take care of every customer complaint, including a full refund if that’s what it takes. Our other refund options include offering customers a replacement meal or coupons that give free meals for their use in the future. If they choose a refund for their meal, we will only refund in the same form of currency used for the purchase.

e. Customer Support Strategy

• Always make delicious food made fresh with locally sourced ingredients using exquisite techniques.
• Ensure that foods maintain their quality and taste.
• Having multiple foods for customers to choose from.
• Being flexible enough to cater to special requests by customers.
• Ensuring to get customers’ feedback and being open to suggestions.
• Leveraging social media and other tools to increase business reach.
• Using CRM to manage the database of clients.
• Considering customers’ opinions before making any major decision

Operational Plan

A. what happens during a typical day at a food truck business.

In this line of business, this is how a normal day goes;

• You have to begin early by picking up the truck and heading to the commercial kitchen space where you’ll prepare your menu items.
• After preparation, you have to move your truck to your parking location as soon as possible.
• See to the culinary needs of your customers as swiftly and efficiently as possible, especially if you have a weekday lunchtime location.
• Drive your truck back to the commissary or storage location where you can legally dispose of grease, wastewater, and other cooking waste, and thoroughly clean your vehicle.
• When not cooking or serving clients, you will have to reach out to your market via social media or the production of flyers, and other means of marketing your business.
• Gas up your vehicle and inspect it for repairs.
• Shop for your food ingredients daily or every few days. Your storage space will be limited, so you’ll shop often.

b. Production Process

At Beta Life Chop, one of our USPs (unique, selling, point) is that our foods will be cooked fresh in front of our customers. We understand that people want fresh food and not something that has been cooked a day or so before. Owing to that, our production process involves preparing and cooking their food in front of them.

c. Service Procedure

At Beta Life, we need to prepare the truck and pick up daily fresh food supply, after which we will proceed to our commissary kitchen to prepare some of the meals. We then have to load up the truck and head to our sales location where we will now finish the meal preparation as each customer demands.

We will consult with specialized chefs to develop our base of proprietary food recipes and sauces. Also note that we will offer desserts, drinks, and also cater special events. For such occasions, we will use our festive truck specially painted and decorated for the event.

d. The Supply Chain

Our aim is to only make use of fresh products sourced from locally grown organic crops. Have it in mind that our prices will be almost the same as those of any fast food, which will encourage the vast majority of customers to want to try our food.

e. Sources of Income

Our primary source of revenue includes;

• Food and beverage sales
• Food truck consultation

Financial Plan

A. amount needed to start your food truck business.

We need around $40,000 to $200,000 to start up Beta Life Chops.

b. What are the Cost Involved?

• Purchasing a Food Truck: $5,000
• Vehicle Inspection: $500
• Retrofitting and Bringing Our Truck to Code: $25,000
• Generator: $2,500
• POS Software System and Hardware: $1,500
• Paint: $1,000
• Truck Wrap: $2,500
• Initial Food Purchases $2,000
• Utensils, Papers, and Goods: $2,000
• Permits and licensing: $2,300
• Website Design: $500
• Initial Office Equipment and Supplies: $1,000
• Advertising and Public Relations: $2,000
• Professional, Legal, and Consulting Fees: $2,000

c. Do You Need to Build a Facility?

No, Beta Life Chops will be started in Eastport Food Centre and operated out of a custom-built food truck in Jade District Portland.

d. What are the Ongoing Expenses for Running a Food Truck Business?

• Commercial Kitchen and Commissary Rent
• Monthly Credit Card Processing Fees
• Truck maintenance

e. What is the Average Salary of your Staff?

• Food Truck Manager: $48, 072
• Assistant Food Truck Manager: $35,734
• Window Attendant: $31,330
• Truck Cooks: $28,442
• Prep Cooks: $21,780

f. How Do You Get Funding to Start a Food Truck Business

• Equipment loan/financing program
• Rollover for business startups (ROBS)
• Business credit cards
• Personal loan
• A microloan from Small Business Administration (SBA)

Financial Projection

A. how much should you charge for your product/service.

To find out a good price point for your products and offerings, you should observe other food trucks in your location. Find out how many meals they serve on a typical lunch hour and how much they charge. However, remember to be conservative in your estimation, and figure out how much you need to make to be profitable daily. Divide the number of meals you expect to serve by this number and this is what each meal should cost to hit that number.

b. Sales Forecast?

• First Fiscal Year (FY1): $120,000
• Second Fiscal Year (FY2): $270,000
• Third Fiscal Year (FY3): $490,000

c. Estimated Profit You Will Make a Year?

At Beta Life Chops, we expect to make;

• First Fiscal Year (FY1): $36,000 (30% of revenue generated)
• Second Fiscal Year (FY2): $121,500 (45% of revenue generated)
• Third Fiscal Year (FY3): $269,500 (55% of revenue generated)

d. Profit Margin of a Food Truck Business 

In this line of business, a 30 percent profit margin is encouraging, but it will depend on your location, competition, efficiency, among other factors.

Growth Plan

A. how do you intend to grow and expand .

Our plan at Beta Life Chop is to build our brand to a level where we can start selling franchises and offer training and consultancy services in the mobile food truck industry.

b. Where do you intend to expand to and why?

• Bethany, Portland, OR
• Cedar Mill, Portland, OR.
• Oak Hills, Portland, OR
• West Linn, Portland, OR.
• Lake Oswego, Portland, OR
• Camas, Washington
• Stafford, Portland

Our reason for choosing these locations is because trucks flourish in their culinary scene, though in Portland they are called food carts.

At Beta Life Chops, we envisage family succession as our business exit strategy. We strongly believe that this business exit strategy, unlike others, does not require that much involvement of external parties. In addition, it is also one of the easiest and most straightforward options when done right, and we hope to put together a well-detailed plan to ensure success.

More on Food

Food Truck Business Plan Template

Create a food truck business plan by customizing venngage food truck business plan template..

• Design Style : modern
• Colors : dark
• Size : Letter
• Plan : business

A food truck business plan is the first step in starting any business. A food truck business plan should also be done before opening a restaurant or other types of food establishments like catering companies. This type of business plan would provide the success factors and roadblocks that can be encountered in operating this type of business, which will affect the profit margin. A food truck business plan can also serve as guidance for the food truck owner to ensure that the business is running within the financial plan. If there would be any deviations from the plan, corrective actions should be done and monitored. Create a food truck business plan using Venngage’s food truck business plan template. You don’t need to be a designer, have design experience, or download any design tools to customize this food truck business plan template. All you need is a free Venngage account. Please make sure that your information is included in the template so it won't look too empty after doing the customization process. If you have any question about this food truck business plan

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Business Plan Template for Food Truck

• Ready-to-use, fully customizable Subcategory
• Get started in seconds

Starting a food truck business requires careful planning and a solid strategy. You need a business plan that not only captures your mouthwatering concept but also convinces potential investors of its profitability. That's where ClickUp's Business Plan Template for Food Trucks comes in!

With this template, you can:

• Outline your unique food truck concept, menu, and target market to stand out in the crowded food industry.
• Create a comprehensive financial projection that includes startup costs, revenue streams, and expenses to ensure profitability.
• Develop a winning marketing strategy to attract hungry customers and build a loyal following.

Don't let your dream of owning a successful food truck fade away. Use ClickUp's Business Plan Template for Food Trucks to turn your delicious vision into a reality.

Business Plan Template for Food Truck Benefits

Starting a food truck business can be a thrilling but challenging endeavor. By using the Business Plan Template for Food Truck, entrepreneurs can enjoy a range of benefits, including:

• Clearly defining the concept and vision for the food truck business
• Identifying the target market and understanding customer preferences
• Creating a comprehensive financial projection to secure funding and manage expenses
• Developing a strategic marketing plan to effectively promote the food truck and attract customers
• Ensuring a cohesive and well-structured plan to present to potential investors or lenders.

Main Elements of Food Truck Business Plan Template

When starting a food truck business, having a solid business plan is essential. ClickUp's Business Plan Template for Food Truck provides you with the necessary structure to outline your concept, target customers, financial projection, and marketing strategy.

Here are the main elements of this template:

• Custom Statuses: Track the progress of each section of your business plan with statuses like Complete, In Progress, Needs Revision, and To Do.
• Custom Fields: Use custom fields like Reference, Approved, and Section to add additional information and keep everything organized.
• Custom Views: Access different views such as Topics, Status, Timeline, Business Plan, and Getting Started Guide to easily navigate and visualize your business plan.

With ClickUp's Business Plan Template for Food Truck, you can efficiently communicate your vision to stakeholders, secure funding, and set your food truck business up for success.

How To Use Business Plan Template for Food Truck

If you're starting a food truck business, the Business Plan Template in ClickUp can help you stay organized and focused. Follow these steps to create a comprehensive business plan for your food truck venture:

1. Define your concept and target market

Start by clearly defining your food truck concept and identifying your target market. What type of cuisine will you offer? Who is your ideal customer? Understanding your concept and target market will help shape the rest of your business plan.

Use the Board view in ClickUp to brainstorm and organize your ideas for your food truck concept and target market.

2. Research your competition

Conduct thorough research on other food trucks in your area or those that operate in a similar market. Identify their strengths, weaknesses, and unique selling points. This will help you develop strategies to differentiate your business and offer something special to your customers.

Create tasks in ClickUp to track your competitor analysis and gather insights.

3. Outline your menu and pricing strategy

Create a detailed menu plan, including the dishes you'll offer, pricing, and any special promotions or deals. Consider factors such as ingredient costs, preparation time, and customer preferences. Develop a pricing strategy that ensures profitability while remaining competitive in the market.

Use the Table view in ClickUp to create a menu and pricing spreadsheet for your food truck.

4. Plan your operations and logistics

Outline the logistics of running your food truck business, including your daily operations, equipment needed, staffing requirements, and sourcing of ingredients. Consider factors such as permits and licenses, food safety regulations, and vehicle maintenance. A well-planned operations strategy will help ensure smooth and efficient operations.

Create custom fields in ClickUp to track operational details and deadlines.

5. Develop your marketing and sales strategy

Create a comprehensive marketing and sales strategy to attract customers and generate revenue. Identify your target audience and develop strategies to reach them effectively, such as social media marketing, partnerships with local businesses, or participating in food truck events. Determine your pricing tiers and sales projections to set realistic goals.

Use the Calendar view in ClickUp to schedule marketing campaigns and track important marketing and sales milestones.

By following these steps and using the Business Plan Template in ClickUp, you'll have a well-structured and detailed plan to guide your food truck business forward.

Get Started with ClickUp’s Business Plan Template for Food Truck

Entrepreneurs in the food industry who want to start a food truck business can use the Business Plan Template for Food Truck in ClickUp to create a comprehensive plan that covers all aspects of their venture.

Here's how to make the most of this template:

Hit "Add Template" to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you'd like this template applied.

Invite relevant team members or guests to your Workspace to start collaborating.

Use the Topics View to outline your business plan and break it down into manageable sections.

The Status View will help you track the progress of each section of your business plan. Use the four different statuses: Complete, In Progress, Needs Revision, and To Do.

Utilize the Timeline View to set deadlines and create a visual representation of your business plan's timeline.

The Business Plan View provides a comprehensive overview of your entire plan, allowing you to easily navigate and review all sections.

Use the Getting Started Guide View to provide step-by-step instructions for team members who are new to the project.

Customize the template by adding custom fields such as Reference, Approved, and Section to provide additional information and track important details.

By using the ClickUp Business Plan Template for Food Truck, you can streamline the process of creating a detailed and professional business plan, ensuring that you cover all the necessary aspects to launch a successful food truck venture.

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