Why Food Truck Businesses Are Revving Up (Infographic)

It's a great time to launch a food truck business.
Why Food Truck Businesses Are Revving Up (Infographic)
Image credit: Lumi Images | Patrick Frost | Getty Images

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read

Spring is finally here, and that means more and more people will be out and about. That means it’s a great time for people in the food industry -- specifically the food truck business.

Related: The Legal Side of Owning a Food Truck

Today, food trucks are the fastest-growing channels in the food service industry. In 2012, food truck revenue was $650 million, however that number has since skyrocketed. Today, food truck revenue has reached a whopping $2.7 billion.

So why are food trucks so popular? If you’re a first-time entrepreneur, a food truck can be a much more affordable option than an actual restaurant. And for less than $100,000, someone can launch a food truck business that can make anywhere between $250,000 to $500,000.

Flexibility, diversity and communication also make food trucks an attractive entrepreneurial venture. Food truck purveyors have the ability to quickly and easily test new concepts, menu items and recipes. They can also cater to various tastes in different locations.

Related: Are You Financially Equipped to Run a Food Truck?

To learn why food truck businesses are revving up, check out Food Truck Operator’s infographic below.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Plus, enjoy a FREE 1-year Entrepreneur magazine subscription.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur