2015 Food Truck Industry Statistics Show Worth Of 1.2B

The mobile food industry is in it’s seventh year of consistent growth and the 2015 food truck industry statistics are here prove it. While food trucks may not be the new kid in the food service industry, the fact remains that the food truck segment is still growing. The best part is that there is still plenty of room for additional growth. Many cities across the country are still trying to determine how to regulate the industry, but many of them have started leaning towards fair ordinances that allow vendors to flourish.

2015 Food Truck Industry Statistics

2015 Food Truck Industry Statistics Data
Annual food truck revenue $1,200,000,000
Industry revenue increase over the past five years 12.4 %
Total number of food trucks in U.S. 4,130
Average revenue generated per food truck $290,556
Average spending per order at a food truck $12.40
Average cost of food truck $85,000
2015 Food Truck Location Market Segments Percent of Sales
Street locations / corners 55 %
Other locations / venues / events 18 %
Industrial / construction work sites 15 %
Shopping malls 12 %
2015 Food Truck Expense Breakdown Percent of Expenses
Food and Beverage for resale 27 %
Insurance, repairs and maintenance, licenses, fuel 26 %
Employee wages 18 %
Other 29 %
2015 Food Truck Startup Costs Average Cost
Food truck (includes wrap & equipment) $85,000
Initial product inventory $1,500
Permits and Licenses $300
Website $100
Register / POS $500
Uniforms $500
Paper products $250
Misc. Expenses $500
Pots, Pans, etc. $1,500
Fire Extinguisher $150
Total Startup Cost $90,300

 

Now, I’m sure there will be plenty of restaurant owners who complain about the 2015 food truck industry statistics, but if you look at the 2015 restaurant industry statistics, you’ll notice that the restaurant industry is still growing across the U.S as we make our way out of the 2008 recession.

2015 Restaurant Industry Statistics

2015 Restaurant Industry Statistics Data
Annual Restaurant Industry Revenue $709,200,000,000
Total number of restaurants in U.S. 616,008
Total restaurant employees 13,000,000
Number of daily U.S. restaurant patrons 50,000,000

 

1.2 billion dollars in may seem like a drop in the bucket from the restaurant number of 709 billion, but when you look at the food truck industries size (which seems a bit conservative) compared to the number of restaurants, you can see how big the 2015 food truck industry statistics are.

Sources: Ibis World, Intuit, Statistic Brain Research Institute and Restaurant Industry Forecast Report.

2017-03-31T08:40:34+00:00 By |Trends|

About the Author:

Richard is an architect by degree (Lawrence Technological University, Southfield, Michigan) who began his career in real estate development and architectural planning. In September of 2010 he created Mobile Cuisine Magazine to fill an information void he found when he began researching how to start a mobile hotdog cart in Chicago. Richard found that there was no central repository of mobile street food information anywhere on the internet, and with that, the idea for MCM was born.

7 Comments

  1. David Jul 25, 2016 at 3:54 am

    Good stuff, putting a ppt together and will cite you as source.

    Keep it up cheers!

  2. Dre Sep 21, 2016 at 8:32 am

    Thank you so much this is going to help me with a PowerPoint.
    This is going to be one of my sources.

  3. David Duque Oct 31, 2016 at 12:29 pm

    If you buy a Food Trailer from us it would reduce your Truck Startup Cost to 26k.

    https://www.facebook.com/duquestrailers

  4. Anthony Nov 2, 2016 at 7:56 pm

    David – it's a huge difference between the startup of a food trailer vs a food truck, that is true. Unfortunately, many of the municipalities do not allow food trailers to freely operate as food trucks do. I think it's important that buyers know that although a food trailer may give you the comfort and size you seek as the operator, it does not give you the freedom that a food truck does. In fact it can be quite limiting. It would be unfortunate for someone to spend any amount of money, thinking they were going to operate as a food truck, only to find that they can only operate at fairs, carnivals, festivals, and not be part of the daily "food truck" movement. I'm not saying this to broadside your plug either…but it is important to educate those looking to jump into it and urge them to check their local statues.

  5. Alexandra Jan 31, 2017 at 1:54 pm

    I am doing research for my business class in which we are creating and running our own mock businesses, and my team chose to do a food truck. Where do you find these statistics? Who analyses them? How are they obtained?

  6. Steve Feb 18, 2017 at 6:37 pm

    I am currently working on building a food hub that includes a food truck commissary in Pittsburgh. This info is going to be very useful to me as I proceed to pitch to potential investors. Thank you!

  7. Rosa C. Mar 14, 2017 at 5:41 pm

    Currently coordinating a food entrepreneurship program for residents in San Jose, CA. I will be using your information in a presentation to funders, thanks!

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