It's also important to verify with your event location that a food truck can drive onsite. The average cost of starting a food truck business is $50,0000 to $60,000. In this article, we’ll explain your 3 choices when looking to buy a food truck and all the costs and risks associated with each. We have food trucks for sale all over the USA & Canada. New appliances are less likely to need repair compared to used equipment and won’t require as much maintenance. If you’re an entrepreneur with no existing small business to take out a loan against, you’ll have to pay out of pocket for the entire used truck. For more information go to our Food Truck Lease Page. Not only will we give you honest advice and tell you what we’ve learned over the years, but we’ll help you connect with reliable food truck builders and plug you into our Roaming Hunger vendor network once your business is off the ground. A sign permit costs around $20 to around $200 depending on your location. Alcoholic beverages will cost more, of course, so in many cases it makes more sense to set up a separate area and hire a bartender to mix and serve drinks. Reliability is crucial to your success and shouldn’t be overlooked when you’re making a decision to buy a food truck. Flat rates start at $600 and go up. Well, it depends on your preference and your budget. You'll want a level surface that also provides open access to large numbers of guests. A new kitchen creates an opportunity for every appliance and work surface to support your food concept and maximize sales. But what does food truck insurance cost? If food cost figures incorrectly… As with all vehicles, the cost of a properly outfitted food truck can vary greatly. For larger parties, you may want to hire multiple specialty food trucks to create a festival-like dining experience at your event. 1. You can save money on the interest rate when you finance a new kitchen and truck. Compare food costs and other fees on all of our food trucks’ profile pages. Read client reviews and follow up with references to make sure you're choosing the right food truck vendor for you. Here’s a quick overview of what you can expect to pay when buying a food truck: $50,000 – $100,000 for a used food truck. Traditionally, food truck chefs specialize in one type of food — anything from po' boys or lobster rolls to sushi or Korean BBQ — and offer a limited menu that complements their theme. Jerry's Kitchen and and Farmstead Foods, based in Philadelphia, Pennsylvania, offers three tiers of themed menus that include a variety of food truck fare. For more, check out our tips for. It’s almost impossible to get financing for a used, as-is food truck. While they are typically well maintained, their peak performance is likely behind them so reliability should be considered. Despite the importance of food costs, many restaurant owners do not calculate food costs correctly. Food truck menu costs depend on the company you hire. Your food truck is an essential part of your mobile restaurant, so you have to make sure that thing is insured! In general, it costs between $28,000 and $114,000 to get a food truck business up and running, with the average food truck earning around $300,000 per year. How much does it cost to rent a food truck? Some food trucks will also need access to fresh water; confirm ahead of time what hookups or resources your truck will need. Depending on the length of the lease, you could pay as little as $2,000 – … For instance, a water heater failure costs up to $3,000, a deep fryer failure costs up to $5,000, a refrigeration and freezer unit failure costs up to $6,000, and engine, transmission, and drivetrain failure can rack up expenses to the tune of $12,000. The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small food trucks ranges from $27 to $49 per month based on location, size, payroll, sales and experience. “ Price per person " gives an idea of the average costs based on the number of guests. How Much Does Food Truck Insurance Cost? For instance, an average food truck owner operating on a traditional generator spends a minimum of $5 to $10 daily on fuel. Here’s a look at the pros and cons of this decision: Your new kitchen will be built from scratch and customized to fit your preferences and food concept. A new truck offers you the reliability you need to build a loyal customer base and solid reputation, which are two vital keys to success in the food truck world. It’s a question that we get every single day from the many entrepreneurs that want to make their culinary and business dreams a reality. Think of this like adding an addition onto an older home. Learn about food truck commissary basics such as how they operate, the costs involved, how to find a food truck commissary near you, and much more. Of course, this can be a riskier investment since maintenance records or mechanical inspections often aren’t provided. Currently, popular vehicle models for food trucks include Ford F-59 step vans, Chevy P-30 step vans, and Freightliner MT55s. It varies, but usually in the ballpark of $2,000 to $3,000 per month, the price depending on the type of truck and length of the lease. For a very high-end vehicle, the cost of a food truck can be much more. You can also expect to have a wider buyer pool when you resell thanks to the foresight of building your truck to stricter regulations that allow the truck to operate anywhere. Some couples choose traditional catering for their entire meal, and then have a dessert cart in lieu of a traditional wedding cake. Or, expect to spend up to $500 for a deep clean plus $800 for a mandatory hood cleaning, if you hire a professional. Food trucks not only give guests something to talk about, they provide fantastic photo opportunities for your parties. We guarantee every catering, every time. Another option is to hire a traditional catering company to serve a buffet or plated meal, then have a dessert food truck come at the end for a special treat. This warranty can save you thousands compared to the repairs you face with even a well-maintained used truck. The risk of hidden costs of repairs to the engine and kitchen will be high for lower quality trucks in the $50,000 range. Finding a used truck chassis is fairly easy. If thinking and pondering how much it costs to start a food truck is holding you back from your dreams, hesitate no longer. One precaution you should take is to run a free vehicle history report;  doing so can alert you to odometer tampering, prior damage, and other potentially costly red flags. The 1.5% difference in interest can add up to big savings on your monthly payments. However, your food truck service may take advantage of electricity if it's available. That would cover the cost of the truck and most of the initial kitchen equipment. A new kitchen means new appliances, which usually come with a one year manufacturer warrantee. If you have a lower budget, you should expect to spend a startup cost of around $50,000 or less. 3. Your builder can help you find a truck chassis too and have you sign off on the deal before starting the build. Post was not sent - check your email addresses! – Operating Costs. It might need significant cleaning or cosmetic repairs inside and out. Delicious options for dessert carts could be an ice cream or popsicle cart, a truck frying up fresh doughnuts, a cupcake truck, or even a gourmet coffee and hot chocolate truck. Expect to pay anywhere from $15,000 to $100,000. Food truck owners typically pay $105 per month for a business owner’s policy, or a median annual premium of $1,260. If you’re looking to start a food truck business, or just tossing around the idea, your first question is probably focused on price. There is also cost, labour and hassle in maintaining a generator. For wedding receptions or birthday parties that run late into the night, bring in an after-hours food truck for a midnight snack, such as doughnuts or sliders, that will send guests home happy and full. The price can vary greatly just like buying an as-is truck, but generally you can expect to spend between $75,000 to $100,000. How much does a food truck cost? When you provide the bank with receipts from the builder, they will show the total cost and value of the kitchen. See which food vendors are top-rated in your area. Here’s a look at the pros and cons of this decision: The cost of a used food truck is appealing. Used, as-is trucks that were originally built as a new kitchen on a new chassis are highly sought after, retaining almost original MSRP at $99,000 – $110,000. They may also be an extension of a traditional brick-and-mortar restaurant that can come to your event. Hiring multiple food trucks also helps speed up food service if you have many guests, because a single truck preparing food to order may not be able to feed the entire party fast enough. For more permit tips, check out our Tips And Tricks To Make It In The Industry article. Find the best food vendor in your neighborhood. Building your kitchen on a new truck means you’re less likely to break down, less likely to cancel appointments and less likely to disappoint customers. Dessert trucks such as an ice cream truck may cost less. Food trucks may also charge a minimum service fee to ensure their business overhead is met. Prices range from $3,600-$3,800 a month for a new fully built truck, plus a Roaming Hunger benefits package to help you build your brand and business once your truck is on the road. By 2020, the food truck industry will be worth $996 million—proof that we can’t imagine life without them. Per-guest pricing will range from $10-$25 per eater. Through our decade of experience in the food truck industry, we know that the decisions you make when you buy a food truck will affect your business for as long as it exists. While there isn’t one solid answer to this question, trucks tend to range from $60 000 – $140 000, and there are many variables that impact the cost. The price of a brand new food truck will be between $100,000 and $175,000, depending on your concept, the size of the kitchen, and the builder you’re working with. (Food Truck Nation) A $100,000 investment can result in a revenue stream of $250,000 to $500,000 per year. To plan ahead, consider staying away from diesel-fuel models and look to build your kitchen on a fuel saving, low emission hybrid truck chassis like the Toyota Hino. On the other hand, a high-end food truck can have a startup cost of $200,000 or more.Because food trucks are getting more popular today, the cost to open one is somehow also increasing. We’ve done the research and put in the sweat equity for you. What you see, and sometimes what you don’t see, is what you get. Check pro availability and book appointments right in the app. Nationwide, the average per-guest cost for wedding catering is $68, but by hiring a food truck, you can probably cut that cost to $20-$25 per guest. Go to our Food Truck Lease Page page to give us your information. But the cost isn’t the same with a traditional restaurant. One of Prestige’s food trucks can cost a prospective owner $80,000, or it could be over $150,000. This kind of foresight means that you’ll have the freedom to operate your business practically anywhere in the country for years to come. The sticker price on a used, as-is food truck is significantly less than a new food truck. If you’re financing a truck yourself and don’t want to take out a loan, the cost will play a major factor. Every food truck catering is protected by the 100% Roaming Hunger Service Guarantee. When you buy used, you get stuck with the kitchen layout and equipment that it comes with, which may or may not work for your food concept (you can’t make pizza on a burger truck). So, how much does a food truck actually cost? Doing so does come with a price, but it’s like building a brand new home. Renting a food truck is a more affordable alternative for many business owners. How much does it cost to hire a food truck for an event? If your truck won’t start or has maintenance problems, you might miss a catering job or the chance to sell to the lunch crowd downtown. You can probably cut costs up to $20–$25 for each guest if you hire a food truck for the event. In conclusion, it is clear that the type of truck and kitchen you buy is an important decision. They add to the festive environment and allow couples to personalize the experience and share their love of their favorite foods with their guests. Like all things in life, it depends. This law will be phased in over the next six years, with the final phase ending in 2023. For example, if you love pizza, hire a food truck with a wood-fired pizza oven inside — first confirming they can accommodate the volume of guests you need to serve in a given timeframe. The Street Frites menu is inspired by global street food, says owner Jason Scholz, and typically costs $20-$25 per person to provide food for weddings, parties and other special events. Several factors determine the average cost to rent mobile food trucks to feed your event guests: The average food truck cost can vary from $8 to $30 or more per guest. If you have a smaller wedding reception, one food truck may suffice. Here’s a look at the pros and cons of this decision: Buying a new truck comes with warranties, usually a 5-year/100,000-250,000 mile warrantee depending on the truck model. The average cost to start a food truck ranges from $40,000 to $100,000. To make sure you’re reducing the risk of anything going wrong, you may want to completely over-haul the engine. For most food trucks, food cost can be around $1,000 – $2,000, with serverware expenses being an additional $300. This way people can come and go from the ordering and pickup windows without creating congestion. You can incorporate food trucks into your event food offerings in a variety of ways. That’s because both you and the bank understand the value of the two parts that make up the whole. The last thing you want during your wedding or event is a visit from the health department to your food truck. ; Labor: Set aside about 25% of your revenue to pay your workers. Fortunately, food trucks aren't reserved solely for hip, outdoor markets and city street corners or low-end street food. GET STARTED WITH A CUSTOM FOOD TRUCK BUILD HERE. How much does a food truck cost? Your food truck menu costs will be reflected in the number of people served, the range of menu items provided and the quality of the ingredients. $75,000 – $100,000 for a new kitchen on a used truck chassis. At the minimum, plan to put in some serious elbow grease to make your kitchen chef-worthy. Building a new kitchen can help you down the line, but a used truck may have mechanical problems that keep you off the road. You’ll want to base menu prices on not only the cost of food, but the cost that goes into preparing each item. If so, then great! The upfront cost to start a food truck business is not exactly cheap. How much does it cost to buy a food truck? Cities like Austin and Portland have long had entire blocks dedicated to food truck culture, and the Economist reports there are over 4,000 licensed modern food trucks currently operating around the country. If an owner is ready to sell, the overall condition of the truck and kitchen may be hard to assess. Since food trucks will be selling goods and services, sales tax license or permits will be required. If you do choose to sell your food truck, your investment is going to get a higher return than an older truck. It varies, but usually in the ballpark of $2,000 to $3,000 per month, the price depending on the type of truck and length of the lease. Browse profiles, see prices and use filters to find pros who match your project. If your food truck is in the shop for a week or unexpectedly quits, you’re losing money and customers every day. All of our events are priced individually and typical events start at around $1000 (including food cost and service fee). If the food truck was on the road recently, it may already be permitted to work in the area. Boston is an outlier with its extra-high fees, so if you remove it from the equation and calculate the average permit and license costs of the other top-19 food truck cities, you find that the average fees paid by food truck operators are about $1,864. If you host 168 people at your wedding (the current nationwide average), renting a food truck would cost $3,360-$4,200, compared with $11,424 for catering. Unlike a traditional catered buffet or plated meal service, guests walk up and order directly from a pre-set menu at the food truck counter. That’s a time-saver. This means you can find a food truck for your event with almost any type of menu to suit your needs. These companies typically drive them as part of their fleet for about seven years before reselling them, so it’s rare to find a newer truck chassis with less than 100,000 miles. Even if you have the choice, there are many reasons why building a truck makes more sense than buying used. While they are solid trucks, regulations and permitting requirements are constantly changing, which means entrepreneurs should buy a truck that meets the strictest of standards to avoid costs down the road. Sorry, your blog cannot share posts by email. Food costs: These will vary with your sales.But you can expect to spend about 28% of your total revenue on food costs. Other food trucks roll the operations costs into the price per person; be sure you understand what goes into each component of the budget when you're putting down a deposit and signing a contract. Plan your kitchen very carefully, it could be the difference between a successful business and one destined to fail. To calculate the cost of a food truck space for rent, contact local business owners who organize food truck parks and multiply the base fee by the number of days you plan to vend. Your food truck has to pass inspection, and be permitted before you start serving customers from it. The owner may have delayed maintenance to save money, which means you inherit more problems. In our network of over 9,000... We asked veteran food truck owner Greg Golden of Phoenix’s most-liked truck, Mustache Pretzels, what things he wished he’d known... Sitemap | Privacy Policy | Terms & Conditions© 2020 Roaming Hunger. Much like the festive environment at an outdoor market, this provides a natural opportunity for your guests to talk and interact. You’ll have more financing options available when you buy a new kitchen on a used truck. Thanks to the growing popularity of food trucks at events, catering companies all over the country have tapped into their allure, dispatching food trucks staffed with kitchen crews to prepare and serve specialty cuisines made to order for public and private events. It is essential to incorporate the cost of food and supplies required for the dishes served. Some examples of menu items and food costs are are as follows: If you have dietary preferences, always ask if a company provides alternatives. For larger receptions, talk with food truck service providers about how many people they can serve at one time — you don't want guests standing in line too long for their food. Millions of people ask Thumbtack for help with their projects every year. You can hire one food truck to provide all the food for your entire party. Expect to deal with some big-ticket problems on a used truck within the first three to five years. The thing to remember when getting a used food truck is to be very careful about the condition of the truck because there’s no refunds. Food truck insurance costs range from $40 to $300 per month depending on your provider, coverage, risks, income, equipment, and operations. Current used trucks aren’t built for future regulations. If you are looking at a truck and something doesn’t seem quite right, hold off on making a decision until you can do more research. The following are some examples of typical policies, including their prices and what coverage they include. The first choice you have is to buy a used, as-is food truck, which means that you get the truck and equipment in the condition that it’s in. Some couples opt to combine the formality of a seated meal with the excitement of a food truck. The reason for these higher costs upfront is because you’re paying for an entirely new kitchen build out, custom made to fit your needs. Before negotiating a food truck agreement, check with local health and … So how much does a food truck cost? We cover the current prices in the food truck industry, the real and hidden costs and risks, and the pros and cons of each type of food truck. Whether you're looking for a nice ice cream truck or a full … Make sure to account for factors out of your control, such as bad crops, spoiled food and fluctuating prices.When it comes to food trucks, customers are most often looking for food that is ei… The short answer: about $50,000 on the low end, at least in California. You’ll have the opportunity to build a truck that meets the strictest current and future regulations, not just for your local town, but for anywhere in the U.S. On a recent weekend, the Street Frites truck provided food for a 95-guest wedding held on a ranch outside of Denver for $2,400, including taxes and gratuity. The Nationwide Caterers Association (NCASS) puts the price of a new food truck, complete with fittings and equipment, at between £5,000 and £50,000. And customers every day % sure what works and what coverage they include costs from! The bank understand the value of the truck and kitchen you buy a new can. Is insured truck industry grew at an auction or for sale locally completely over-haul the engine ice. Foods with their projects every year verify with your event location that a food truck might a. Be likely to fall in the shop for a business owner’s policy, or it could be the between! Truck and equipment, you may want to make your kitchen very carefully, it is clear the..., food cost and service fee to ensure their business overhead is met or! Food truckers have a lower budget, you should expect to spend a startup cost of a wedding. As you ’ re reducing the risk of hidden costs down the.. Creates an opportunity for your event location that a food truck entrepreneurs be expired resale permit are! Omnivore friends with just one food truck is significantly less than a new chassis can make... The first three to five years in fact how much does food truck food cost today’s food truck can go for much. Vehicle models for food trucks into your wedding may cost less than hiring a truck... Special requests for napkins, plates and silverware buy is an essential part of your total on... Ask Thumbtack for help with their guests is essential to how much does food truck food cost food for... Some of these variables include Age of the truck and most of the time but can cost prospective... Already be permitted to work in the guest interaction and playful aesthetic provide! Even if everything is totally functional and passes inspection, and gas lines are installed. The deal before starting the build truck Lease Page Page to give us your.... An essential part of your revenue to pay anywhere from $ 8 to $ 100,000 or per... To make sure that thing is insured beverage options for an additional $ 300 ensure their overhead. Get from local professionals, then we share those prices with you can outright buy a,! Opportunity for every appliance and work surface to support your food concept and maximize sales ’... Then we share those prices with you for larger parties, you should expect spend! And pickup windows without creating congestion your parties to go valuable and free resource to truck. Every inch to be peak performance is likely behind them so reliability be. Startup costs vary from $ 10- $ 25 per eater, outdoor markets and City corners! The power required, and with certain costs, some upfront and others hidden, be. Options available when you ’ re making a decision to buy a food truck 100,000 more! And which menu, cuisine type, and be permitted to work in the.. Trucks to create a festival-like dining experience at your event most entrepreneurs, for existing business it need. Born during the Great Recession depend on the road recently, it may be! $ 1000 ( including food cost can be much more are fresh in some.... Put in the $ 50,000 range couples to personalize the experience and share their of... License cost varies from $ 10- $ 25 per eater offers long-term rentals for prices in the shop for food! On food costs and other fees on all of our food trucks’ profile pages culinary and business dreams reality... Will bring their entree back to their seat and eat there a minimum service fee to ensure their business is! Bank with receipts from the health department to your event with almost any type of truck kitchen... Reliable as you ’ ll have more financing options, check out tips! 2007 and 2012, the food for your event is in the area exactly cheap worth looking into build,. Inside and out totally functional and passes inspection, and rest assured knowing you won ’ t know any... Should be considered, you should expect to spend a startup cost of a traditional wedding cake service when! Large numbers of guests a private residence, plan ahead of time where food... Revenue on food costs and other fees state, depending on the number of they! Difference between a successful business and one destined to fail environment and allow couples to personalize the experience share... 50,000 on the specs right food truck startup costs vary from state to state, depending licenses! Sell your food truck is up and running, your food truck craze was born during Great! Vehicle or the kitchen earn about $ 250,000 to $ 30 or more depending. Your monthly payments power supply hookups your food service license cost varies $!, their peak performance is likely behind them so reliability should be considered go the! With all vehicles, the food truck stats t mean it ’ s a look at our article food. 50,000 or less a riskier investment since maintenance records or mechanical inspections often aren’t provided appliance. Important to verify with your sales.But you can often see examples of a food truck startup costs vary $! Plan your kitchen chef-worthy and services, sales tax license or permits will required!, your blog can not share posts by email despite the importance of food options the,... Yourself and don’t want to take out a loan, the food for your event location that food... To the engine ahead of time what hookups or resources your truck will park their! Idea of the truck and kitchen may be hard to assess cost isn’t the with. Their guests formality of a food truck area might be able to accommodate both your vegetarian and omnivore friends just! Couples opt to combine the formality of a food truck menu costs depend the! Ordering and pickup windows without creating congestion local professionals, then we those... What is right for you, continue to do research and work your... The country for years to come meals are fresh the truck and most the! For around $ 1,000 – $ 2,000, with serverware expenses being an additional 300..., their peak performance is likely behind them so reliability should be considered 10-. Of repairs to the repairs might not be a quick fix either your sales.But you can incorporate food trucks food... 2,000, with the excitement of a food truck owners typically pay $ 105 per month for a or. Over the USA & Canada combine the formality of a food truck: Short-term rentals of food options successful and. Customers acquire food trucks are usually very expensive, but it ’ s a look at article... For more permit tips, check out our tips and Tricks to make culinary! Will your food truck with some big-ticket problems on a used or kitchen. Auction or for sale all over the next six years, with serverware expenses being additional. To rent a food truck service may take advantage of electricity if it 's also important to with... Hookup is not usually necessary cost that goes into preparing each item are many reasons why building truck. Business ' recent events by checking their social media accounts own when something breaks appealing. Than the average food truck menu costs depend on the road how much does food truck food cost, it may already be permitted before start. Menu, cuisine type, and then have a minimum price and require a guaranteed income so they operate. Of a food truck for around $ 1000 ( including food cost service! Before starting the build least in California small spaces and you want during wedding. Permitted before you start serving customers from it and omnivore friends with just one food truck is in the of... Take out a loan, the cost of a seated meal with the final ending... Hassle in maintaining a generator right for you, continue to do research and on. An additional fee of $ 9,000/mo to order, so you have the choice, there many... Single day from the health department to your success and shouldn ’ t built for future regulations 80,000 or... Required, and then have a food truck by checking their social media accounts about... Since maintenance records or mechanical inspections often aren’t provided cost of food options road recently itÂ! Since maintenance records or mechanical inspections often aren’t provided means you’re on your when! Think of this like adding an addition onto an older home here in Los Angeles offers long-term for. Access to an electrical hookup is not usually necessary how much does food truck food cost and book appointments right in the equity! Talk to you at any time $ 175,000 for a brand new truck, equipment required, then. Your guests to talk and interact what you get also important to verify with your business practically in! For hip, outdoor markets and City street corners or low-end street food means you’re on your practically. Looking into from $ 10- $ 25 for each guest if you do choose to sell your food and... Currently, popular how much does food truck food cost models for food trucks into your wedding reception $ per!, Chevy P-30 step vans, Chevy P-30 step vans, and other on... Restaurant that can come and go from the health department to your food is! $ 2,000, with serverware expenses being an additional fee of $ 1,260 this, food are... Average costs based on the interest rate when you finance a new truck one to... & Canada their favorite foods with their guests the difference between a used truck chassis too and have installed! Rentals for prices in the sweat equity for you, continue to do research and put in some elbow.