Starting a food truck business has never been easier; the demand is high, the cost is low, and you get to be your own boss. Now, what’s the one thing better than starting a food truck business from scratch? Starting your own food truck business with the backing of an established, successful franchise! If you’ve got the entrepreneurial spirit, owning your own food truck franchise may be the calling you haven’t heard yet. As with any entrepreneurial endeavor, there are some things you should consider first.
You’ve already taken the first step to starting a food truck business by finding and reading this article—a lot of research should be done before you commit to purchasing a food truck franchise. In all reality, you may realize that you’re not cut out to own your own food truck business after all: in the beginning your days will be long, your profits will be small (if any), and you’ll have to follow strict health inspection codes, as well as get licensed. Opening a franchise eliminates a lot of the headache and trouble of starting a business alone. What’s more, many of the reasons solo food truck businesses fail—lack of identity, no formal recipe, poor inventory management, or lack of business plan—are essentially null when they’re backed by a franchise. If you do your homework—and realize that it takes a lot of work to pay off in the long run—you’ll probably see that starting a food truck franchise is exactly what you need to squelch your entrepreneurial thirst. The best part about investing in a food truck franchise is that they’ve already done most of the footwork for you. You don’t have to decide what kind of truck to buy, what you’re going to specialize in, or where you’re going to get your products.
Once you’ve decided to start a food truck business, you’ll need to have enough capital to get started. For example, it costs between $40,350 to $162,850 plus 6% of Revenue to start a Repicci’s Real Italian Franchise. Keep in mind that the cost includes the Food Truck / Trailer / Tent, plus all the equipment and preliminary startup costs necessary to start selling Italian ice. There are also financing options available if you don’t have all the money up front. Of course, there are other costs involved in running your own food truck franchise, such as royalty fees and maintenance, but the overhead for running a food truck franchise is considerably lower than starting a food truck business on your own. With a food truck franchise, you’ve got national brand recognition along with a support team to provide training and ‘round-the-clock accessibility for any questions you may have.
If you decide to go with starting a food truck franchise, the most important thing you need to know is yourself. The franchise will already have a business plan laid out, and they should provide you with everything you need to get started. So now it’s going to be up to you. Do you have what it takes to make your own food truck business successful? Only you can answer that question. Be honest with yourself. Really think about what you’ll be doing and ask yourself if you’ll be happy doing it. Every entrepreneur starts to burn out after a while. Will you be able to persevere through until things start to get easier? Even though you’ll be part of an established, successful food truck franchise, it still all boils down to you. But if you’ve got the drive, you’ll discover that there’s no better decision than franchising a food truck business!
So, you’re still interested in starting a food truck business? Good! Starting a food truck business, especially a food truck franchise, is a smart entrepreneurial endeavor that can be a very rewarding career. If you’re interested in franchising with Repicci’s, do some research about us and what we do. Then, request some more information about our century-old Italian Ice and Gelato food truck franchise by filling out a form here, or by calling 1-888-732-5423.