Budget Branders is dedicated to helping independently owned and operated businesses thrive. We offer a range of high-quality disposable products, each of which can be printed with your food truck’s name, logo, and/or slogan. Read on to learn more about writing a food truck business plan – and then reach out to us to learn more about our custom disposable products.
Why Do You Need a Business Plan for Your Food Truck?
Even if you don’t need funding for your food truck, you should still have a business plan. This plan isn’t just a document that you provide to the bank to get a business loan. It can guide you through the process of starting your food truck and managing it as it grows. A business plan gives you the opportunity to think through all of the details of how you will actually run your food truck.
A business plan can also be used to check your progress and determine if you are hitting milestones. For example, if you set goals for sales in the first year to two years of business, you can check in to make sure that you are on target. If not, then you may need to adjust your plan to accommodate whatever economic realities (such as the rising price of certain ingredients) you may be facing.
Most importantly, writing a business plan does not have to be complicated. There are many templates available online – including the samples that we have included below. You can also adapt your plan to fit your needs, without worrying too much about format.
Writing a business plan does take some research and attention to detail. However, the work that you put into drafting the plan includes things that you should be doing anyways – such as looking into the types of licenses and permits that you will need, pricing out menu items, and figuring out your target demographic. This information isn’t just necessary for a business plan – it is vital to ensure that your company will be financially successful.
What Should a Food Truck Business Plan Include?
An Executive Summary
You should consider including the following points in the executive summary:
- Where you plan to sell your food
- What type of food you plan to sell
- Why this style of food will be successful in the target market
- The projected costs and profits for the food truck
- Future goals for the food truck (such as buying additional trucks or even franchising)
The Food Truck Vision
A Sample Menu
Organization and Management
- Buying or renting a food truck
- Kitchen equipment
- Labor costs
- Licenses and permits
- Marketing and advertising
- Lawyers, accountants, and other consultant fees
Once you have priced out each of these costs, you will have a better idea of how much money you will need to not only start your business but to run it. You can then seek out funding or plan your budget accordingly.
Food Truck Business Plan Example Template
How Budget Branders Can Help Your Food Truck Business Grow
the chance that you can make it work. When you write a business plan, this can help to solidify your plans and increase the likelihood of your start-up becoming successful.Based in Michigan, Budget Branders provides custom cups, bowls, bags, and more to restaurants, food trucks, coffee shops, and other businesses. We know that food truck owners don’t tend to have a lot of extra storage space – which is why you can order our products in smaller quantities than most companies offer. All of our products are priced well so that they can fit within your budget, giving you a cost-effective marketing option.
If you’d like to learn more or to request a quote, contact us today by pressing the live chat button, or sending us a message online.