Food Truck

Startup Costs: $50,000 - $100,000
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No

If the cost of opening a brick-and-mortar joint gives you heartburn, put your meals on wheels and go where the hungry people are! Not only is serving up your stuff to peckish people a satisfying way to spend your working days, but it is also a great way to make that other kind of dough — money. Grand View Research reports that the food truck business is a $1.2 billion industry and expects 6.4% growth in the coming decade. Sound tasty? 

How much money can you make with a food truck?

"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."—Why Food Truck Businesses Are Revving Up (Infographic)

"In five years, St. Louis native David Choi went from having $18,000 in his bank account to running a $4.5 million Korean-Mexican fast-casual-food chain with four restaurants and a food truck enterprise."—How a Single Food Truck Helped Build a Multi-Million Dollar Taco Empire

What kind of experience do you need to have?

"I was familiar with Korean food from cooking with my mom and grandma, and I started making their recipes in a taco for my family. They thought it was weird, but my brother and two friends didn’t. They helped me raise $22,000. The first day we had a line of 40 people and ran out of food. I realized I had to rely on my experience from my teen years -- working at a pizza shop, sandwich shop, coffee shop, Chinese restaurant -- and replicate dishes at a rapid pace."—David Choi

Want one-on-one help? Book a session with a small business development expert now

What’s the most important thing to know about this business?

"To succeed, you need to become cost-savvy. There’s no set formula, but as in any business, especially when dealing with food, you need to know what you're spending on the products you sell, whether it’s cookies, empanadas or steak. You don’t have to pay rent like a brick-and-mortar business, but you do have vehicle maintenance, kiosk space rental, parking permits and other costs that need to be factored into the equation."—Are You Financially Equipped to Run a Food Truck?

Related: Get the No.1 Guide to Starting Your Own Business

Food Truck Ideas

Coffee Service

Help employers keep their employees happy with a coffee service.

Vending Machines

Make money off convenience products with a vending machine business.

Specialty Sauces

Help eateries spice up their menus with some extra condiments.

More from Business Ideas

Starting a Business

This Mother and Daughter Were 'Kind of Fringe Weirdos' When They Started an Uncommon Business in Their Garage. Now They're in Major Retailers — and Victoria Beckham Is a Fan.

Jenefer and Melissa Palmer's slow-and-steady approach to growth helped their skincare and body care brand OSEA thrive over decades — but lately they've been taking things up a notch.

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

Business Plans

Free Webinar | May 7: How to Write Your One-Page Business Plan Workshop

Did you know entrepreneurs with business plans are 260% more likely to launch? Join our workshop on May 7th and learn how to create a one-page business plan that will help you get your business off the ground. Register now!