Money 2017-03-31T08:39:59+00:00

Money Matters

Looking to purchase a new food truck or expand your existing mobile empire? These sections were designed to help everyone from the novice to food truck veteran in the areas of money matters.

Accounting

  • personal finances

Keep Your Food Truck And Personal Finances Separated

All to often, food truck owners mix their business and personal finances. After all, you are your business. Mixing up the two will mean a mess for you and your accountant at tax time. Even if [...]

  • food & labor cost

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 [...]

  • financial iq

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 [...]

  • making money

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 [...]

  • prime cost

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 [...]

  • breakeven analysis

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 [...]

  • food truck profit

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 [...]

  • business cash flow problems

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 [...]

  • payroll mistakes

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 [...]

  • cash flow

Calculating Cash Flow For Your Food Truck

Accounting has never been included as a favorite tasks listed when discussing food truck ownership with vendors. With that said, I cannot stress enough how important accounting tasks are for your food truck to stay [...]

Crowdfunding

  • crowdfunding your food truck

Must Follow Tips For Crowdfunding Your Food Truck

While food trucks aren't as capital intensive as restaurants, it isn't cheap to open a mobile food business. Truck build out and equipment costs, starting inventory, licenses, fees and working capital can easily add up [...]

  • ugly apple madison

Food Truck Crowdfunding Campaigns – August 26, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • smoothie operator

Food Truck Crowdfunding Campaigns – August 19, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • crave kiva

Food Truck Crowdfunding Campaigns – August 12, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • brunchies crowdfunding

Food Truck Crowdfunding Campaigns – August 5, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • food truck crowdfunding

Food Truck Crowdfunding 101

Once an unknown financing option for culinary entrepreneurs, food truck crowdfunding has quickly evolved into a fast, effective way to raise cash for just about any mobile food industry project. Crowdfunding’s growing popularity is good [...]

  • Press Waffle Co

Food Truck Crowdfunding Campaigns – July 22, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • big sexy food

Food Truck Crowdfunding Campaigns – June 10, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • sweet teeth toronto

Food Truck Crowdfunding Campaigns – June 3, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

  • ministry of sandwiches

Food Truck Crowdfunding Campaigns – May 6, 2016

Funding a food truck project is hard work. For new culinary entrepreneurs it can be very difficult to get funding through traditional sources. A way some vendors have been able to hit the street is [...]

Financing

  • getting a business loan

Getting A Business Loan To Start Your Food Truck Business

When starting up a new mobile food business, one of the first areas most prospective vendors get discouraged by is how they will come up with the money they will need to get their rolling [...]

  • financing your food truck

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 [...]

  • loan denials

7 Common Reasons For Food Truck Loan Denials

No one likes rejection. Especially when it comes in the form of loan denials for your future food truck empire. Educating yourself about why businesses do or do not receive financing is the first step to [...]

  • financing a food truck

Financing A Food Truck In A Tough Economy

Although food trucks are popping up across the country, some hopeful owners are still struggling financing a food truck, and this has many culinary entrepreneurs wondering how to go about getting the cash they need to either [...]

  • credit card financing

Credit Card Financing Your Food Truck Business

Are you one of the many food truck vendors financing or planning to finance your food truck startup with credit cards? Today we’ll examine credit card financing of a food truck business and discuss its [...]

  • Revenue Based Financing

Revenue Based Financing For Food Truck Growth

For food truck owners trying to expand their mobile food business, capital is a necessity. It's difficult to grow without funds to invest back into your business. But what happens if you're denied a bank [...]

  • food truck loans

Food Truck Loans: Why The Difficulty In Getting One

Only one third of small business owners (including prospective food truck owners) were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s finding [...]

  • Bolstr color logo

Expand Your Food Truck Business With Bolstr

Your food is great.  Your lines are consistent.  Your business has been steadily growing.  You’re ready to grow, but investment is the key. Mobile Cuisine is partnering with Bolstr to help food trucks take their [...]

  • bolstr_logo 3

Take Your Food Truck Business To The Next Level With bolstr

What does that even mean?  Do you add a truck, scout out a brick’n mortar location, or launch a line of grocery store products?  You’ve got the dream.  You’ve made the plan.  All you need [...]

Why Food Trucks Have Difficulty Getting Loans

Only one third of small business owners (including prospective food truck owners) were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s [...]

Taxes

  • food truck tax tips

6 Food Truck Tax Tips Your CPA May Have Missed

The US tax code is something even the legislators who write it don’t fully understand, so it’s no wonder that even CPAs can neglect to advise you of all of the write-offs you have available [...]

  • 2018 standard mileage rates

2018 Standard Mileage Rates For Food Trucks

The Internal Revenue Service has issued their 2018 standard mileage rates used to calculate the deductible costs of operating your food truck or other vehicles for your food truck business. As of Jan. 1, 2018, the 2018 standard [...]

  • trump tax bill

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. [...]

  • 2017 Standard Mileage Rates

2017 Standard Mileage Rates For Food Trucks

The Internal Revenue Service has issued their 2017 standard mileage rates used to calculate the deductible costs of operating your food truck or other vehicles for your food truck business. As of Jan. 1, 2017, the 2017 standard [...]

  • trade show expenses

How To Deal With Trade Show Expenses And Tax Deductions

With the National Restaurant Association show getting ready to kick off, many food truck industry members will be making their way to Chicago for the event. Unfortunately, this isn't as easy as it seems, there [...]

  • food truck sales tax

Food Truck Sales Tax Basics

As a mobile food vendor, one of your many responsibilities will be the correct payment of food truck sales tax. Even though the consumer is usually responsible for paying the tax, the vendor has the obligation [...]

  • 2016 Standard Mileage Rates

2016 Standard Mileage Rates For Food Trucks

The Internal Revenue Service has issued their 2016 standard mileage rates used to calculate the deductible costs of operating your food truck or other vehicles for your food truck business. As of Jan. 1, 2016, the 2016 standard [...]

  • food truck taxes

5 Tips To Get Your Food Truck Taxes In Order

As the year dwindles down, many food truck owners realize that the end of their fiscal year is closing in. Now is a great time to get your food truck taxes in order so that [...]

  • futa

Understanding How FUTA Affects Your Food Truck

Food truck owners must pay federal and state unemployment taxes in order to fund the unemployment tax system. Unemployment compensation is designed to pay benefits to workers when they lose their jobs through no fault of [...]

  • food truck tax

Food Truck Tax Basics

Food truck tax filing obligations to the Federal government and dates that food truck taxes are due are typically based on the legal structure (we’ll cover the two most used in the mobile food industry) [...]