Food Truck Money Matters
Money Matters
Looking to purchase a new food truck or expand your existing mobile food empire? These articles were designed to help everyone from the novice to food truck veterans in the areas of money matters.
Food Truck Finances Articles
Food Truck Food & Labor Cost Percentages
If you are running a food truck business, you understand that the most important costs under your control are food & labor cost. Together these figures are known in the industry as a food truck's prime costs. Being able to compare these costs ( in[...]
Boost Your Food Truck Financial IQ
You’re about to launch your food truck (or maybe you just launched) – congratulations! It takes perseverance and passion to get to the point you’re at. However, as you know, food truck ownership is a constant flood of satisfying milestones in addition to expanding to-do lists. With your[...]
How Trump Tax Bill Will Affect Your Food Truck Business
The final version of the Trump tax bill seems to be hours away from being signed into law. Developed as a combination recent House and Senate tax bills, this plan combines both versions into an overhaul tax reform bill. While individuals can expect many changes in the tax bill,[...]
How To Determine If Your Food Truck Is Making Money
It may seem self evident that as a food truck owner you need to know how your food truck is making money, or if you’re in the red. Unfortunately, we've found from some food truck vendors that there are a few operators who struggle with[...]
What You Need To Know When Financing Your Food Truck
When veteran Don McPeck and his son Jake, a chef, won Food Network’s two-day completion for their riff on mess hall themed cuisine, they won a one-year lease on a custom-built food truck, and the concept for Mess Hall Canteen was launched. In 2016, when[...]
How To Calculate & Control Your Food Truck’s Prime Cost
Perhaps you have heard of prime cost but were never sure what it was, or maybe this article is the first time you've heard the term. Either way, today we're going to explain what prime cost is, how to calculate it and what it should[...]
Completing A Breakeven Analysis For Your Food Truck Business
Have you been wondering how to do breakeven analysis for your food truck? Completing a breakeven analysis is a matter of simple math if you can accurately forecast the costs and sales your mobile food business will be working with. The primary purpose of conducting a[...]
Know Exactly Where Your Food Truck Profit Comes From
Mobile food vendors often focus on profitability without much regard for where exactly their food truck profit is coming from. Running a profitable food truck should be looked at like a stock broker. Vendors must diversify to minimize risk.  You may have a great concept, some popular[...]
How To Avoid Food Truck Business Cash Flow Problems
Most food truck businesses encounter a cash flow problem at one time or another. Fortunately, most food truck business cash flow problems can be prevented with a bit of preparation and the right strategy. Positive or negative cash flow can be the difference between success and[...]
5 Ways To Avoid Costly Food Truck Payroll Mistakes
Whether you own a single food truck with one employee or a growing food truck empire with dozens, mistakes are bound to happen. Unfortunately, these payroll mistakes can end up costing vendors a lot of money. Recent legislation and regulatory changes make it more important than ever[...]