![]() The only situation I recommend renting is if you want to test out the business for a month or two before going all in. As you can see from the estimate above, you can get a loan on a new food truck for less than you can rent it. Most food truck operators decide to buy their own food truck. You can expect to pay $3,000 – $5,000 per month to rent a truck. Unfortunately, renting a food truck is usually pretty expense. ![]() The advantage to renting is that you don’t need as much money for a down payment. Renting VS Buying: Some food truck owners decide to rent their food truck instead of buying it. You will need to pay for business insurance and vehicle insurance to legally operate.īuying a used food truck can save you money. Insurance: You’ll also need to pay for insurance that can easily run from $2000 – $5000 per year depending on the coverage level and the frequency you plan to operate the truck. Commissary costs can run from $400 – $1,500 per month depending on the services that are provided and location. Take a look at my license and permit checklist here to find out how much it will cost in your area.Ĭommissary or Commercial Kitchen Requirements: Depending on the regulations of your city, you may be required to use a commissary or commercial kitchen. In general, if you live in a large coastal city, expect to pay more to get started than you would in middle America. Fortunately, most places in the United States only require a few hundred dollars to a few thousand per year to legally operate and serve food. But if you plan to operate a hot dog cart in New York City near the zoo you can expect to pay a fee of $289,500 per year to operate. Here are some items to understand when trying to figure out how much it will cost to open your business. These costs will differ depending on where you live and plan to operate the business. There are all sorts of variable expenses to understand before becoming a food truck owner. Most food truck operators manage social media accounts themselves at no cost. Varies greatly depending on location and services provided by commissary.ĭepends on food cost and frequency of operation. Plan for some unexpected expenses here and put it into the budget. Varies a lot depending on where you operate.Ĭan also use an iPad and an app for credit transactions. Food Truck Start-up Costsįeel free to add your personal notes here. This spreadsheet is a great way to get you in the ball-park for a cost estimate. Remember that every city / state will have different laws and requirements so your cost will vary. We encourage you to download the food truck cost spreadsheet to estimate how much starting your vehicle would cost. Variable Expenses You Need to Know Aboutįood Truck Expense Breakdown – Download this spreadsheet and plug-in your own numbers to get an overall estimate of what it will cost to get the business up and rolling. Copy and paste from the Google Doc.You need to understand all the initial and ongoing expenses associated with starting this business. This is a smart exercise to go through if you’re in the process of drafting a food truck business plan.
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