Mobile Food Truck Business Plan

He is an internationally traveled sport science writer and lecturer.

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Sam Ashe-Edmunds has been writing and lecturing for decades.

He has worked in the corporate and nonprofit arenas as a C-Suite executive, serving on several nonprofit boards.

Start-up costs include expenses such as the food truck, insurance, licenses and permits.

Divide your operating costs into overhead and production.

In addition, the three main ingredients for a brick-and-mortar restaurant recipe for success also apply to food trucks: location, location and location.

Before you begin writing a business plan, determine what you’ll include and how you’ll present the information.Discuss any health department regulations that will affect your business to show investors or lenders you have this covered.Create several budgets for potential investors or lenders, as well as to help you operate.Overhead costs include expenses such as salaries or wages, marketing, credit card processing, truck payments, gas, parking and debt service.Production costs include the food, plates, napkins, utensil, napkins, cups, lids, straws and condiments necessary to sell each item.These documents provide snapshots of different aspects of the business.For example, you might start making a profit from operations your first week, but take six months to be truly profitable by paying off your start-up costs.Start with a master budget that shows your projected first-year operating expenses, start-up expense debt-service and sales.Create separate overhead, production and cash flow budgets, a balance sheet and a profit and loss statement.Include a brief description of the concept, any marketing research that supports the attractiveness of the idea, the projected sales and profits and the start-up capital needed.After your concept, marketing and financial sections, add support materials, such as your qualifications, menus, budgets and bids you’ve received on trucks.

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