Food Trucks for Sale (2024)

FAQs

Are food trucks a good investment? ›

Typically, owners will take a salary of less than half the food truck's profit, with pay ranging from $24,000 to $153,000 per year. If you can quickly build a successful business, earning $153,000 per year on a startup cost of $100,000 or even less seems like a good investment.

An average food trucks costs about $100,000, which includes equipment, fabrication, design and insurance. About $700 to $2,000 in certifications and permits also are needed, depending on the municipality.

Average Profit Margins: How Much Do Food Trucks Make in a Year? Quite a lot, actually. According to a survey conducted by Food Truck Nation in 2019, the average revenue for a food truck in the US is between $250,000 and $500,000 per year. However, some food trucks can earn as much as $1 million annually.

Cons of a Food Truck Business

Food trucks are confined compared to restaurant cooking. You may be in a space as small as 10×12 feet, and share that room with your storage and cooking surfaces. If you get claustrophobic, starting a food truck business may not be the best choice for you.

The truck can be stored wherever the local zoning ordinance allows for the overnight storage of the vehicle. Before parking a truck in a residential neighborhood, be sure to check with your municipal zoning officer.

And with more than 1,000 food trucks plying New Jersey roads, the tension and questions surrounding them in local communities, many with vibrant dining scenes, is not going away anytime soon.

Overall, revenue has increased, rising at a CAGR of 13.3% to $2.2 billion, despite a decline of 0.5% in 2023. Despite strong industry-wide performance, some food truck vendors have been held back by municipal regulations, increased competition and low profit, measured as earnings before interest and taxes.

Who buys from food trucks the most? ›

Millennials have been great supports of food trucks. According to an article by Statista, the National Restaurant Association reported that consumers ages 18-34 were the most likely to purchase a meal from a food truck, followed by those ages 35-44.

According to research, food truck failure rates correlate with the restaurant industry average. This means that 50% to 60% of all food trucks will go out of business within 5 years after establishing their service window. Starting a food truck business is a fun undertaking, but it is not without problems.

Food Truck Park Parking Costs – Monthly food truck park rental rates are typically between $500 - $1000 depending on the city. While food truck parks offer daily rates, they are higher than what you pay for a monthly lease. Food Truck Event Parking Costs – Food trucks can expect to pay $75+ per event.

A food truck is considered to be a high-profit business idea. However, it typically takes two years for this business to become profitable. On average, the profit margin is around 6.2%. To determine your profit margin, you need to factor in startup costs and operating costs.

Our expert explains that food trucks typically depreciate over a period of five to seven years, depending on the model and usage.

Competition is essential in the food truck industry. Economic competition takes place in all markets and industries, no matter how friendly.