Equipment is a necessity for any type of business you wish to engage in. Such tools help increase the efficiency of your operations. For a food truck business, the primary tool or equipment is a food truck!
These come in different sizes or capacities. Your needs will reflect on the choices you make.
Having determined the need for a truck, you’ll need to figure out where to buy a food truck from. The “where” is crucial as certain food truck dealers are much more efficient than others.
Efficiency in this sense refers to customer relations, after-sales service, and more.
In general, the process of acquiring one shouldn’t be complicated and should be satisfactory for both parties.
Another major consideration that comes to mind is whether you need a new truck or a used one. As stated earlier, it all depends on what your needs are. Getting a new truck will cost more than a used one.
Places To Buy A Food Truck Online
There are lots of dealerships that are specialized in the sale of new and used food trucks.
Also, you don’t have to buy one outright but can lease such truck(s). This last option won’t take up much of your startup capital and helps entrepreneurs on a tight budget to still realize their goals.
Food Truck Empire is another reliable partner when it comes to buying a food truck.
Get in Contact with Other Truck Owners
The food trucking business is quite a close-knit community in the sense that entrepreneurs know about other competitors. This is a great place to get all the information you seek.
Are you interested in purchasing used trucks?
These industry players may know about a business that is closing up shop. You may end up buying your trucks cheaper. While new food truck businesses are established, others wind up their operations due to many reasons.
Interacting or networking with these food truck owners will prove useful.
Find Food Truck Associations Closes to your Location
Like the point we just discussed, above, finding food truck associations serving your area will also prove useful.
Such associations exist for purposes of convenience. Such common associations provide information on equipment sales and could be managed by food truck owners.
If you’re finding it a bit challenging to find one, consider making an online search for your city. Information is bound to show up as well as contact details. Asking for recommendations in such areas can be a great start.
However, you should expect some bias as long as food truck manufacturers are involved.
Consider Patronizing a Custom Manufacturer
This is most common in suburban areas where businesses exist that can design or construct a custom food truck that meets your specifications. Such types of businesses have been in operation for a long and know what it means to satisfy their clients.
Working something out with custom manufacturers may end up serving you better in terms of cost and spacing as opposed to getting or buying already-used or new trucks.
Sometimes, rates charged by custom manufacturers are quite high due to certain factors. You may want to find out what works best for you.
Corporate fleets are great places to look when seeking to buy a food truck business.
Corporate entities usually ensure that their trucks are well maintained throughout the time of their use. Such maintenance has to do with frequent oil changes among other things.
When sold, these trucks are mostly in good condition with little maintenance work needed to restore them to perfect working condition. Of course, a few modifications are necessary to make these trucks serve the needs of food truck business owners.
Do You Really Need A Food Truck?
This question may sound weird to an entrepreneur seeking to start their own food truck business.
However, the question isn’t literal but seeks to make you look inward for solutions. You may have to opt for cheaper options such as converting a bus or other type of vehicle to serve the same purpose.
This won’t require all the financial demands normally accompanying new food trucks. Apart from using other types of cheaper vehicles, you also have the leasing option.
Leasing a Food Truck
With the leasing option, you’re spending way less to operate your food truck business than you would normally spend when purchasing new or used trucks. Upfront payment for certain food trucks could be more than $100,000.
This could be substantial for an entrepreneur seeking to break into the market.
Instead of making a substantial upfront payment, leasing gives you a better value as you get access to a similar vehicle, yet pay around $3,000 per month. With food truck leasing, you also get a tax-deductible payment for your business.
To avoid having to halt your business operations at the expiration of the lease term, consider going for a lease agreement with a purchasing option. Another alternative open to you is to pay off the truck.
What Best Truck Serves My Need?
When it comes to deciding between new or old food trucks, it might be sometimes confusing. However, it doesn’t need to be so as each has its up and downsides.
New Food Trucks
New food trucks cost significantly higher with an average price of $200,000. The benefits of this option include customizing to meet your specific needs, fewer breakdowns; you’re the first owner and monitor its condition better.
Such trucks come with good warranties and also look clean.
The downside of new food trucks is seen in the high costs. High upfront costs mean you may be financially constrained for modifications when your business outgrows the truck size too fast.
Used Food Trucks
These two have their benefits as they’re initially cheaper.
In most cases, there’s no need for added customization. You won’t have to figure out what equipment is needed.
On the downside is the risk for frequent breakdowns and costly repairs. Also, your truck’s life expectancy is limited and may easily result in issues.
The information provided has been focused on informing you where to buy a food truck. We’ve also seen other options as leasing one instead of buying.