Page 1

7 Steps To Establish Your Food Truck Business Every foodie has had a dream of establishing their own restaurant and putting up their favorite dishes on the menu for others to savor and praise. But over the time, the dream fades due to other commitments and lack of enthusiasm, but primarily due to the lack of heavy capital involved in the establishment of an eating house.

Luckily for those whose dreams took a hit due to lack of capital, the current trend of Food Trucks in the tier-1 and tier-2 cities has been a boon. In the last decade, food trucks have made their presence feel strongly. These serve every cuisine and cater to the needs of every group of people with an added benefit of being easy on the pockets. This has been possible due to the lower capital involved in the establishment and running of these Food Trucks. According to a popular Food Management Software company, the cost of establishing a Food Truck can be done within a capital of Rs. 10 lakh, which shall cover all the requirements like, the commercial


7 Steps To Establish Your Food Truck Business truck, equipment, raw material and manpower for initial few months, FSSAI Registration, licenses and marketing supplies. The operational and maintenance cost for the Food trucks is also estimated to be considerably low as against the traditional eating houses which may burn a hole in your pockets.

How Should You Go About To Establish Your Food Truck? 1.

Market Research and Development of an idea

You may have an idea floating in your mind, what it requires now is detailed market research. Location of the food truck (which can be area and the exact location may vary, thanks to the WHEELS), targeted audience, menu and pricing, marketing strategies, licenses required etc. 2.

Estimating and arranging the capital required


7 Steps To Establish Your Food Truck Business After the market research, the capital requirements must be estimated. If you fall short of the capital required, financial institutions are the answer.

3.

Deciding the Business Structure

Before starting the formalities, one must decide the business structure you wish to start your business as. You may want to start alone and register as sole proprietor or OPC. If you are a group of people, a partnership firm or a Limited Liability Partnership or a Private Limited Company are our options. 4.

Obtaining the commercial vehicle and other equipment

A truck being the most important component in a food truck business must be selected with due care. Instead of a new vehicle, one may even purchase an old one, but the valid permits. You have the option of buying a truck customized with the kitchen equipment or buying the equipment separately.


7 Steps To Establish Your Food Truck Business 5.

The sourcing of raw martial and manpower

Fresh material results in fresh food which is the essence of the food trucks. Also, food trucks have to aim at quick service and courteous staff. Thus, there must be a proper plan about the raw material required and to be used, the chef, the server, the manager and any other staff required. 6.

Obtaining the require licenses

You cannot start your business without obtaining all the required licenses and registrations such Food License.

The following are required for a food truck. a. FSSAI basic registration, FSSAI state license or FSSAI central License, as per the estimated output. b.

Shop and Establishment License


7 Steps To Establish Your Food Truck Business c.

Fire Safety Certificate and NOC from Municipal Authority

d.

MOV from the RTO

e.

Kitchen Insurance.

It is always advised that you approach a consultancy that can help you to obtain the licenses without any hassle of paperwork. 7.

Other miscellaneous requirements

This includes staff uniforms, marketing pamphlets, software to manage inventory, expense, income and profits, mobile phones, calculator, attendance register, dustbins etc. The future of food trucks is moving towards high profits and developing at a quick pace. There is immense scope and growth opportunity for entrepreneurs desire to enter into the food truck business. Source by:- https://articles.abilogic.com/291748/steps-establishyour-food-truck.html

7 Steps for Establishment Food Truck Business  

They serve every dishes and they meet the needs of every group of people with the benefit of being more comfortable on the pocket. This is p...

7 Steps for Establishment Food Truck Business  

They serve every dishes and they meet the needs of every group of people with the benefit of being more comfortable on the pocket. This is p...

Advertisement