Starting a food truck business is exciting for everyone involved. If you have been planning and hunting down that perfect food truck for sale, then you might have realized that there are a lot of additional costs to getting the truck out there serving food.
Zac’s Burgers $100k start up bill sounds like a lot, but compared to other companies that have many hidden fees that add up over time, we save you a lot of money when you license with us. If you need to know how to start a food truck, we are willing to help you every step of the way.
The other food truck start up costs are made from the costs you expect- like, maintenance on the truck, food supplies, kitchenware, etc. But there are those they would look over as well. They are hard to notice- until you get hit with the expensive bills and find your funds quickly draining!
Do not worry! We are here to help you. A food truck start up can add up to high costs very quickly, however, a Zac’s food truck investment includes everything upfront- we never have any hidden costs for you.
This is what to know about food truck start up costs.
Of course, you are going to need to get that vehicle insured. Through other companies, the insurance cost could get up to between 2,000 and 4,000 dollars every year. That is a lot of money and it would likely cut a huge gash into the profits that you were making.
You need to be aware of this when you go to start your first food truck catering business, as you can make sure that the funds are set aside for it early on. This would hopefully lessen the damage to your finances.
Many food truck start up costs ignore this charge, meaning that at some point in the month you would get a surprise bill for the insurance. We are always upfront with you and our pricing, so you can be sure that Zac’s would never shock you with an unknown insurance bill.
2. The Actual Truck
Other companies might include the cost of the truck separately from their bill, we include it in our food truck start up plan for you. On average, you can expect the vehicle to cost about $20,000. One of the hidden costs though? Repairs.
We understand that things can happen on the road. Your truck might suffer some damages. Other franchises will not provide you with any help- meaning that you need to foot those repair costs all by yourself. Depending on the state of the truck, that can get expensive fast.
3. The Food Truck Permit
The food truck permit is also included in our start up bill. However, other places may conveniently leave this factor out when they talk to you for the first time. The permit costs typically start at around $20,000 to get started- something that you are definitely going to need to plan for in your initial budget.
Of course, this can cause a lot of problems if this charge is kept hidden during your first meeting with the franchisor. We want to be upfront with you and include everything in our initial cost.
4. Miscellaneous Legal Fees
There are also going to be a lot of miscellaneous legal fees. Some food truck drivers in big cities have reported that they spend over $500 in a single month on parking tickets! This puts a chip in their profits, but most food truck caterers say that it is a manageable expense.
They also need to pay for parking in certain areas or get a commissary space to have the truck stay at for a while. These small charges can quickly add up, so it is important to be aware of them. That way you will be able to set aside a budget for miscellaneous fees in your food truck start up costs.
That being said, a food truck investment is always a good idea. They are in demand more now than ever before and are turning more of a profit as well. We do not want to discourage you, but you should know that these fees are out there.
As long as you do your best to follow all the rules of operating a food truck, you will keep these costs to a minimum. We provide you with all the training and help that you need, so that you know what you can and can not do with the truck, and will be able to avoid unnecessary fees.
5. You Need Extra Funds at the Start
Other groups may not tell you that you need a little bit of extra money when you first start operating your new truck. This is because it may take a bit before you start noticing regular, returning customers and business might start slow before people realize where you open shop every day.
However, Zac’s Burgers has the benefit of being a local favorite and many people are already familiar with our franchise. You will attract a following of customers much faster than a start up that is not part of a franchise. While this is true with any type of business, it is more noticeable in food truck catering than brick and mortar restaurants.
Those are the 5 lesser known food truck start up costs that you need to know about! We want you to be able to make an informed decision when you are considering starting a food truck investment.
We will always be upfront with you about our pricing on buying a license from our franchise. We want to help you succeed, not burden you with hidden bills and other types of fees.
In short, consider Zac’s Burgers if you want to pay for the food truck start up costs without any hidden charges. Contact us today if you are interested in learning about the different franchising options that we have.