Why Food Truck Businesses Are Revving Up (Infographic)
It's a great time to launch a food truck business.
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.
Lumi Images | Patrick Frost | Getty Images
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.
Entrepreneur Editors' Picks
-
When Her Parents' Restaurant Burned Down, This First-Generation Founder's Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
-
Not Hitting Your Goals? Here's How to Know If You Should Change Tactics or Strategy.
-
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
-
This Couple Lost Everything When the Housing Market Crashed. But Manifesting 'Magic' Helped Them Launch a Metaphysical Brand With 10 Stores.
-
The Best Software Solutions and Tech Providers in the Franchising Industry
-
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.
