How to Start $417K/Year Food Truck Business
July 11, 2023
July 11, 2023
Have you ever bought a sandwich or a taco from a food truck and thought, “I wish I could quit my job and start a food truck for a living!” Then you’ve come to the right place!
We interviewed food truck owners Nic and Jada Jones to learn how they run Hen House, a food truck modeled after the farm-to-table style. Jada and Nic started Hen House in Nashville, Tennessee, and shared insights on how to make $300K in your first year as a food truck business.
We’ll share the lessons learned from these food truck owners to guide you through how to start a food truck business. Click on any step below to learn more about food truck operations.
Starting a food truck business is as simple as following these eleven steps:
Nic had been a cook his whole life before moving to Nashville with Jada and starting their food trucking business. They knew they wanted to start a food truck business and decided to seek a unique food truck concept while they were moving.
They told us:
Hear about how to start a food truck business directly from Nic and Jada below.
If you are ready to learn how to start a food truck business, keep reading! You’ll get your food truck business up-and-running, feeding people and bringing in a profit in a fairly short amount of time.
According to IBIS World, the food truck industry makes $1.5 billion per year with a median profit of 6.4%. Food trucks are expected to see industry revenue growth of 1.2% per year between now and 2028.
There’s a lot of competition, though. There are over 36,000 food truck businesses and 2,000 new people are starting a food truck business every year.
Over the past decade, food trucks have become a viable, reputable business option far beyond the tired pretzel or questionable hot dog vendor. The average food truck makes $41,295.
Don’t assume you can’t make more. We’ve interviewed five food truck owners, and each business owner makes more than $300K per year.
Check out our interview with the most successful food truck owner, Carlo Chalisea, who built his food truck business from a taco truck to a brick-and-mortar location and multiple local food trucks.
Next, find out if starting a food truck business is profitable.
Many food truck owners are making peanuts, but a great food truck idea can make great money. Nic told us:
That means they make about $60K profit after deducting all the business expenses. Given the business owners are working in their business, they pay themselves an undisclosed wage, too.
Assuming they pay themselves the average for a food service worker, that means they are making about $30K each, according to the Bureau of Labor Statistics.
Think working with your spouse and making a combined $120K sounds good? Keep reading to learn more about becoming a food truck owner.
You might wonder, “What is the best food to serve in a food truck?”
You should look for the intersection between what you’re good at cooking and what the area needs.
According to other food truck operators, those choosing which food to serve for their food truck should heed this advice: do one thing and do it well. Make it a quality product and keep it very, very simple.
One of the key things to research about how to start a food truck is the menu pricing. Pricing menu items can be tricky. Charging too little causes losses, while charging too much means no one will buy from you.
Food costs should stay under 35% of the revenue for successful food trucks. The most commonly used pricing method for food trucks is based on the food cost percentage formula.
The formula can be worked in two ways:
Nic told us:
Expect to spend between $15K and $250K to purchase a food truck and start the business. Nic told us starting a food truck business required spending:
The good news is that buying a food truck normally requires less than 20% down. That means starting a food truck company can get started for $57K instead of $250K+.
You can also rent a food truck, which we’ll discuss in a separate blog. Food trucks have some additional costs, which we’ll discuss next.
Other startup costs for a food truck may include:
Kyle, the owner of Vet Chef, bought a food trailer and custom designed his kitchen, which required adding in $8000 for equipment, another $7000 for truck permits/inventory, and various other costs. All in all, it came to just over $40K. Check out our interview with him below.
To figure out if this will work for you and exactly how to start a food truck, it’s vital to understand what your business will cost so that you know what kind of profit you can expect to make. As with any restaurant, expect your largest costs to be food, supplies, and labor.
Other food truck financial projections for regular costs may include:
Should I hire employees for my food truck business?
While it’s advisable to keep the staff small, it won’t be long until you’ll need another person or two on your team. If you have a business partner, this might be delayed since you can both commit your time to working in the food truck.
Customers do expect fast delivery times from a food truck, so having staff will help you get those orders out efficiently and keep the wait times down. (Of course, you can only fit a limited number of employees in a truck at one time.)
Keeping labor costs as low as possible is vital to profitability, but you can’t do everything alone. Kyle notes that:
According to Kyle, it’s best to hire part-time staff that are willing to work very short shifts on an ad-hoc basis at the food truck. High-school students, family members, and others who need just a few hours are often a great way to begin.
Kyle also advises that, at least for the first year, it is important to make sure that you minimize what you need to pay employees for. Do all of the prep work and cleaning yourself until the business becomes more viable.
Over the past decade or more, food trucks have become a viable, reputable business option that has gone far beyond the tired pretzel or questionable hot dog vendor of long ago. In fact, food trucks have now become a $1.2 billion industry annually.
Local profit figures vary greatly based on location, products offered, and other factors. However, according to IBISWorld, profit for a food truck may be around 7.7% of your entire revenue, after accounting for overhead costs and wages. That means a food truck making $400,000 in sales each year would pull in just over $30,000 in profit.
So, you aren’t necessarily going to get rich quick as a food truck entrepreneur. But with determination (and some hard work) you can make a decent living and own your own profitable business!
Of course, all of this is after you break even in your business, which is when your business finally stops costing you money and becomes profitable. The Vet Chef reached this at around the one-year mark, which is fairly typical. You may need to plan for longer if your starting costs are high.
One of the most important steps in how to start a food truck is a solid business plan. According to Business News Daily, two important purposes of a business plan are to establish focus and secure funding.
Writing a business plan is a fairly detailed, time-consuming process, and you may want to access online business plan resources to help you with a template.
A general run-down of what you’ll need in your food truck business plan includes:
After you’ve written a business plan, you’ll want to consider how to buy a food truck.
If you’re one of those lucky people with tens of thousands of extra dollars lying around to start a business, that’s great! But otherwise, you may need to figure out how to finance your food truck business until it provides more cash flow.
While it’s great if you have some money upfront, it is possible to get business credit. Many food trucks start by using:
The Small Business Association (SBA) Microloan Program makes available small loans of up to $50,000 (although the average loan is $13,000). Entrepreneurs may use this for supplies, startup costs, equipment, etc.
Instead of applying directly through the SBA, you’ll need to find a non-profit intermediary to get you started with your food truck.
As with any business, you will need to make sure your food truck complies with all of the local government standards regarding permits and licenses. This is a very important step when you learn how to start a food truck. These may range from permission to run a business to food-handling certifications and will change based on state and local regulations.
Similar to the advice of other food truck owners, Kyle’s advice is that potential owners of food trucks should contact their local health department right away, and they’ll know how to proceed from there. He says to expect approximately 6 months from the time you make your first contact until you can get up and running.
Entrepreneur.com parallels Kyle’s advice, noting that your local department of health should be first on your list of contacts and then go from there.
Below is a general idea of what you might need, but, of course, it is necessary to find out exactly what is needed for starting a food truck in your particular location.
Here are some commonly required licenses and permits for a food truck:
This is the beauty of a mobile food truck business! You can park it almost anywhere you are invited. Look for opportunities like local festivals, schools, neighborhood events, and more.
Festivals can be some of the most profitable (and least profitable!) locations for the mobile food truck business. Kyle mentions that some festivals can be packed with customers, with 200 people standing in line. On the other hand, based on weather or other circumstances, they can also be dead and cause you and your food truck to take a financial loss.
Along the lines of locations, the Vet Chef truck has recently been invited to park at Boeing during their lunch breaks, which is like striking gold. This came after the business had built a good reputation and won the “Best of Western Washington” Award.
But it took some building of the brand before these types of invitations started rolling in for Kyle and his food truck. In the beginning, he says, you just need to go wherever the people are and take the opportunities as they come.
Eventually, once you gain a reputation, you can become choosy about which events you’ll agree to, based on how profitable they will be for you.
Now comes the exciting (and perhaps a bit scary) part! Buying your truck and outfitting it for your needs is critical to the success of your food truck business.
Essentially, you can choose from two styles of food trucks: drivable and pull-able.
Drivable Food Trucks are licensed motor vehicles that can be driven from one place to another on their own. These are typically like a standard delivery truck, often retro-fitted to create a kitchen and serving window in the back.
Trailers and Carts are other options for mobile food service that must be towed from one place to another by a separate vehicle. These are outfitted with cooking and refrigeration capabilities and everything needed to prepare and serve food. Food carts are smaller, whereas food trailers can be as large as an over-the-road semi.
While your food truck is in the midst of being purchased or retro-fitted, you should be making contact with the vendors and suppliers you plan to use to source your food. You may choose these based upon quality, price, and sustainability factors.
You may want to start by asking other food trucks and similar concept restaurants who their vendors are. Restaurant industry trade shows may also reveal vendors you didn’t know were out there.
Of course, a quick online search might reveal dozens of restaurant supply chains, but many small business owners prefer to deal with local suppliers.
One thing to think about is that you may want to consider vendors who will allow you to be billed monthly (rather than cash up front). Centralized billing and other contract options may help to streamline the financial processes of running a food truck business.
One of Kyle’s sticking points for his food truck is that he aims to get food to his customers in 30 seconds or under from the time of ordering. It’s part of the reason his customers love the Vet Chef food truck.
This means you’ll need to have your kitchen organized for maximum efficiency. Everything that can be prepared in advance should be. And employees need to be trained to work as quickly and efficiently as possible.
The good news? Your food truck is very small, so you should have everything available at your fingertips!
One important consideration along the lines of efficiency is whether your food truck will offer a Point of Sale system for credit and debit cards.
While cash used to be the mainstay for food truck mobile businesses, it’s a bit slow and can be complicated when it comes to making change.
More and more mobile food truck businesses are taking advantage of Square and other Point of Sale options for accepting credit and/or debit cards. This not only makes it fast and easy for the customer, but it may also allow for an integrated accounting and business tracking system for your food truck business.
The startup costs for these can be very low, and the fees are typically minimal. But the convenience could definitely be worth it—and you aren’t turning away customers who don’t have cash.
Here is the place where the rubber meets the road (figuratively and literally). Once you’re ready to open your food truck, getting your name out there is everything!
Throwing a bunch of money at advertising is one option. And social media might be a helpful way to get people to find your food truck—since you’re often on the go. On top of that, social media can often be a free option for advertising. A solid Instagram or Facebook social media page may be an effective business tool. But even social media hype can only take your food truck so far.
According to Kyle, the best way for food truck owners to become successful is to create a dependable business that offers a quality product people want:
If you want to jump right in, you may be thinking of buying an already-established food truck business from someone who has done the startup work and created a good reputation for you. Check out this step-by-step guide that will help you understand your options for buying an established business.
Kyle told us many food truck businesses fail because their business owners lack dedication. They agree to be at a community event and arrive late, leave early, or maybe even don’t show up at all. The Vet Chef says:
Your successful food truck business needs to have a solid reputation for being reliable so that you’ll be the first one who gets an invitation to the next event.
If you do this, hopefully you will be one of the people who survives the first five years of business. According to the Bureau of Labor Statistics, only about 55% of all new businesses last through this period.
It’s possible to open a food truck business with less than $50,000 in startup costs and some hard work. You can start earning $100K gross revenue really quickly by following this guide.
Though you’ll put in a lot of work to enter the food truck industry, it’s worth it for those who wonder how to start a food truck. With dedication, you can be like Kyle and run a successful small food truck business within a year or two.
What kind of food would you serve in a food truck?
Norm Tedford
There are thousands of franchise opportunities in the United States and Canada. How are you supposed to choose the best franchise under $100K?
We’ll discuss the top franchises under $100K to help you understand the services they offer, the initial investment involved, and other considerations you need to look at before you get a $100K franchise.
First, we’ll look at our picks for top franchises under $100K, then review cleaning franchises, service businesses, food franchises, and other franchises.
[su_note note_color="#dbeafc"] Read about all your options, or click any link to jump to a specific section, where you’ll learn about companies that are a good fit for your initial investment in a business franchise.
Upflip has partnered with specific companies that are committed to providing new business owners with the franchise tools they need to become profitable franchises. The best franchises we’ve interacted with, and our top recommendations, are:
We’ll discuss these first.
Brandon Vaughn used just $15,000 to start Wise Coatings. The majority of the initial investment went to marketing and learning how to work with the unique concrete floor coating materials. There are currently eight franchises and 140 applicants (and growing). Wise Coatings helps its franchisees navigate the marketing and systems needed to run the business right. This franchise opportunity requires:
• Franchise Fee: $50,000
• Total Investment: $117,400-$160,000 (including 3 months working capital)
• Space Needed: 100-2,000 square feet
• Employees: 2-4 employees (suggested)
• Territories: Discounts for buying more than 1
• Franchising Funding Assistance: Yes, through Benetrends. Learn how to qualify.
Check out our interview with Brandon below.
Neel Parekh started MaidThis just over 10 years ago, and now the company is making over $166,000 a month. It currently has 17 franchisees and is making a name for itself by helping small business owners start their own remote cleaning companies.
• Franchise Fee: $39,000
• Total Investment: $50,400-$72,650
• Royalty Fee: 7%
• Space Needed: 100-2,000 square feet
• Employees: Work it yourself or hire employees.
• Territories: You can buy more than one territory if they are available in your area.
• Franchising Funding Assistance: Yes, through third-party financing services.
Learn more about starting a remote cleaning business franchise below.
Carmelo started Spray-Net because he realized the residential painting space needed modernization to speed up the house painting process. Today, Spray-Net has 40 franchisees and owns patents on its processes so nobody else can offer them.
• Franchise Fee: $45,000
• Total Investment: $170,825-$241,825
• Royalty Fee: 8%
• Space Needed: 100-2,000 square feet
• Employees: Hire employees or subcontractors to do the cleaning.
• Territories: You can buy more than one territory if they are available in your area.
• Franchising Funding Assistance: Yes, through third-party financing services.
Learn more about starting a painting franchise in our exclusive interview.
A pressure washing franchise is among the easiest to operate. You don’t need any special skills or a big team, and the initial investment is low.
When you buy a Brown’s franchise, you’ll get extensive training and comprehensive support, making it even easier to turn your investment into long-term success.
• Franchise Fee: $20,000
• Total Investment: $50,000-$100,000
• Royalty Fee: 10%
• Space Needed: 100-2,000 square feet
• Employees: Hire employees or use subcontractors.
• Territories: Multiple territories are allowed.
• Franchising Funding Assistance: Yes, through third-party financing services.
You can learn founder Joshua Brown’s successful business strategies in The 7-Figure Pressure Washing Blueprint, or hear his story in this interview:
John Evans started the Canadian company EverLine Coatings and has received the Canadian Franchise Association Awards of Excellence two years running. The average EverLine parking lot repair franchise makes nearly $900K in its first year. To get started you’ll need:
• Franchise Fee: $49,500
• Total Investment: $164,744 - $332,443
• Royalty Fee: 9% or $500 per territory + 3%—whichever is greater
• Space Needed: 100-2,000 square feet
• Employees: Hire employees to provide the services.
• Territories: You can buy more than one territory if they are available in your area.
• Franchising Funding Assistance: Yes, through third-party financing services.
Learn more about EverLine Coatings in our interview below.
Mike Andes is a brilliant entrepreneur who founded Augusta Lawn Care Services when he was a teenager, and today it’s one of the top 500 franchises in the U.S. and Canada. Their franchise opportunities offer low barriers to entry and flat fees instead of the standard percentage model. Here’s what it takes to become an Augusta franchise:
• Franchise Fee: $6,999-$25,000
• Total Investment: $12,999-$82,500
• Royalty Fee: $699-$1,200/mo.
• Space Needed: 100-2,000 square feet
• Employees: Solopreneur or hire other employees to work for your franchise.
• Territories: You can buy more than one territory if they are available in your area.
• Franchising Funding Assistance: Yes, through the Franchise Forgiveness Model.
Learn more about starting a lawn care franchise below.
The main benefit of franchise business models is having a well-known and established brand reputation to build from.
This is what puts Maid Brigade among the top 10 franchises in the cleaning industry. It’s regularly ranked as one of the Top 100 Franchises for less than $100,000 by Entrepreneur (#44 in 2023).
It’s also a good fit for veteran and minority franchisees, ranked among the top 50 for vets by USA Today and a top 25 franchise for Hispanics by the World Franchising Network.
• Franchise Fee: $27,700-$40,700
• Total Investment: $85,150-$113,850
• Royalty Fee: 3.5%-6.9%
• Space Needed: None (can be home-based)
• Employees: Average of 4 employees per franchise
• Territories: Franchisees get an exclusive operating territory
• Franchising Funding Assistance: Third-party financing available
Scoop Soldiers is a unique opportunity for entrepreneurs to start an in-demand franchise in the yard clean-up sector. With Scoop Soldiers, you ensure homeowners and businesses have clean outdoor spaces by offering pet waste removal solutions.
The unique franchise business model is built to scale while being a good fit for franchisees with busy lives. You can start to operate within 60 days—much faster than many franchises.
Aspiring entrepreneurs also get the option of building from the ground up or moving into an established market. If you want a flexible, corporate-tested franchise under $100K, Scoop Soldiers is one of the top franchises to consider.
• Franchise Fee: $39,500
• Total Investment: $68,300-$118,300
• Royalty Fee: 8%
• Space Needed: None (can be run from home)
• Employees: None needed
• Territories: Exclusive territories available in all 50 states
• Franchising Funding Assistance: Third-party financing available
You can learn more by listening to our interview with Scoop Soldiers’ founder:
If you’re interested in the top franchises in the property management sector, Century 21 is among the best cheap franchises to invest in. Investing in a franchise lets you join a community of more than 14,000 franchisees across 86 countries. You’ll get to leverage brand recognition and Century 21’s strong track record of success as a franchise company.
• Franchise Fee: Up to $25,000
• Total Investment: $24,700-$459,250
• Royalty Fee: 6%
• Space Needed: 30 square feet per agent
• Employees: 1-3 on average
• Territories: Exclusive territories available worldwide
• Franchising Funding Assistance: In-house financing for startup costs
Dog Wizard is the best franchise opportunity for animal lovers. This unique opportunity provides mobile dog training services or a full kennel, meaning franchisees get multiple ways to grow their businesses.
Investing in a franchise gives you access to a four-part comprehensive training program to ensure your services meet the company’s high standards. If you’re dedicated and passionate about animals, this is among the best franchises to explore.
• Franchise Fee: $50,000
• Total Investment: $81,500-$98,250
• Royalty Fee: 8%
• Space Needed: Varies (mobile, retail, and boarding options available)
• Employees: Solopreneur or run with a team
• Territories: Protected territory with 200,000 population (and you can expand your territory easily)
• Franchising Funding Assistance: Third-party financing available
Educators seeking the best franchises under $100K may find a Kumon franchise suits their interests.
Kumon provides tutoring services, and franchisees get full access to training, too. This starts with eight days of training in the Kumon Instructor Development Program, followed by hands-on training in the Kumon Curriculum and Kumon Method.
• Franchise Fee: $2,000
• Total Investment: $68,428-$146,640
• Royalty Fee: $36-$40.50 per student per month
• Space Needed: Recommended minimum of 1,000 square feet
• Employees: 2-3
• Territories: Available across the United States, Canada, and Mexico
• Franchising Funding Assistance: Subsidies up to $37,100 and a $10,000 veteran’s incentive
In-home care for seniors is increasingly in demand. The home care solutions and services you’ll offer with a HomeWell Care franchise set you up for big growth potential, and it’s among the top franchises for entrepreneurs with healthcare experience.
The minimum investment in a HomeWell franchise is only $5,000, so this is also one of the best franchise opportunities for people with limited financial resources.
• Franchise Fee: Up to $49,500
• Total Investment: $52,400-$230,800
• Royalty Fee: 5%-10%
• Space Needed: 500-1,000 square feet
• Employees: Can run as a solopreneur or with a small team
• Territories: Available in 47 states, exclusive territories and site selection support available
• Franchising Funding Assistance: Third-party financing available, 20% discount for veterans
Signal is a world-class security brand with a reputation for excellence. It’s among the best franchises under $100K for veterans and law enforcement professionals and is Entrepreneur’s #1 security franchise brand.
• Franchise Fee: $50,000-$200,000
• Total Investment: $57,450-$273,150
• Royalty Fee: 4%
• Space Needed: None (can be run from home)
• Employees: Average of 2-4 per location
• Territories: Available worldwide
• Franchising Funding Assistance: In-house and third-party financing available
Cinnabon is the only food or, more specifically, bakery franchise under $100K with global brand recognition. It also has a relatively low minimum investment for a food franchise, and franchisees get complete training and marketing support.
• Franchise Fee: $5,500-$30,500
• Total Investment: $60,300-$621,400
• Royalty Fee: 6%
• Space Needed: 600 square feet on average
• Employees: 5+
• Territories: Exclusive territories available in the U.S. and around the world
• Franchising Funding Assistance: Third-party financing available
This iconic ice cream franchise has been around for more than 80 years, and that staying power is part of what puts it among the top franchises in the food industry.
Franchisees get complete support in multiple facets of their businesses, from menu development to cost optimization, as well as access to a top-notch in-house marketing team.
• Franchise Fee: $10,500-$30,500
• Total Investment: $67,875-$536,400
• Royalty Fee: $2.88/gallon
• Space Needed: 100-1,600 square feet
• Employees: 2-6
• Territories: Exclusive territories available
• Franchising Funding Assistance: Third-party financing available
With its low minimum investment and no franchise fee, Champs Chicken is one of the best businesses in the food industry for entrepreneurs with limited financial resources.
They also offer excellent franchisee support, with continual training and a strong investment in the growth of their owners.
• Franchise Fee: $0
• Total Investment: $9,000-$349,000
• Royalty Fee: None
• Space Needed: Varies depending on format
• Employees: Minimum of 2
• Territories: Available in 11 U.S. states
• Franchising Funding Assistance: Third-party financing available
Investing in any of the following franchises could be a great way to start a successful business, whether you want a brick-and-mortar store in your community, a mobile business, or a lucrative creative outlet.
Buying a UPS Store franchise gives you the power of a recognized brand with a track record of franchise success. The extensive ongoing support and training are what consistently make UPS one of the top franchises to own and manage.
• Franchise Fee: $9,950-$29,950
• Total Investment: $101,819-$476,993
• Royalty Fee: 5%
• Space Needed: 800-1,800 square feet
• Employees: 3-5
• Territories: Over 5,000 locations available worldwide
• Franchising Funding Assistance: In-house financing for all franchisees as well as 10% off for veterans
Cornwell Quality Tools has been a leading name in high-quality, professional equipment for over 100 years, and it is the best franchise to own in the mobile tool and repair industry.
Additionally, it’s a very accessible franchise business, with relatively low up-front costs, excellent training, and strong franchisee support. It’s one of the few all-mobile franchise opportunities, which is one reason it requires such a low initial investment.
• Franchise Fee: $0
• Total Investment: $54,525-$298,825
• Royalty Fee: 7%
• Space Needed: None (mobile franchise)
• Employees: Can be run as a solopreneur
• Territories: Available in 48 states
• Franchising Funding Assistance: In-house financing for equipment and startup costs
Minuteman Press is the #1 printing and marketing franchise business. It’s among the best franchise opportunities in any industry, offering franchisees multiple revenue streams and local support.
As a full-service marketing provider, you can establish strong recurring revenue streams quickly with a Minuteman Press franchise. There’s a reason it’s one of the companies highlighted by Entrepreneur’s franchise list, appearing among their top franchises for 20 years in a row.
• Franchise Fee: $32,500-$48,500
• Total Investment: $78,241-$219,529
• Royalty Fee: Up to 6%
• Space Needed: 1,000 square feet
• Employees: 3
• Territories: Available in all 50 states
• Franchising Funding Assistance: Third-party financing available
For aspiring entrepreneurs who want to get into the custom clothing sector, Big Frog is one of the best franchises to open.
• Franchise Fee: $39,500-$60,000
• Total Investment: $180,750-$235,700
• Royalty Fee: 6%
• Space Needed: Under 1,200 square feet
• Employees: 2-4 required per location
• Territories: Available markets in 47 U.S. states and Canada
• Franchising Funding Assistance: Veteran discount and third-party financing
You can make great money with this established brand. Since becoming a Big Frog franchisee in 2008, Sanford Booth has consistently made more than $40,000 a month. Hear his story in this interview:
First founded in 1920, YESCO is a family-run company that builds custom signs in addition to providing sign and lighting repair and maintenance services.
You can start a franchise for $100K or less without needing a brick-and-mortar space for the repair side of the business.
• Franchise Fee: $50,000
• Total Investment: $65,000-$389,200
• Royalty Fee: 6%
• Space Needed: None (can be run from home)
• Employees: 3
• Territories: Available in 39 states and Canada, exclusive territories available
• Franchising Funding Assistance: 10% veteran discount and in-house financing available for equipment and franchise fee
With over 30 years as a leader in the duct cleaning services market, investing in a Duct Doctor franchise gives you access to their well-known brand and strong marketing and advertising program.
The company also provides extensive training and ongoing support, so you don’t need any special educational background or skills to get started as a franchisee. Another benefit is the growth potential, with ample opportunities to expand beyond your initial market.
• Franchise Fee: $25,000
• Total Investment: $44,100-$201,500
• Royalty Fee: 5%-8%
• Space Needed: None (can be home-based)
• Employees: 2
• Territories: Worldwide exclusive territories available and option to operate multiple units
• Franchising Funding Assistance: Third-party financing available
We use a variety of factors to select the companies we recommend to a potential franchisee. Some of the factors include:
Potential business owners are looking for “Franchise $100K” opportunities, and for this list, we took that specific number into consideration. We use the franchise fee or the total initial investment to judge the franchise up-front costs.
In scenarios where the initial costs are more than that amount, there are other factors that we use when comparing the companies, for example…
While costs are important to a franchise business, the main benefit of a franchise is the ability to book clients faster. You don’t have to spend countless hours researching the best strategies to operate your business if the franchise has good business systems.
When it comes to our top five picks, we have personally interacted with the business owners and established that the costs, profit margins, and approaches to finding clients are worth the investment.
We look for business owners who have created highly automated business structures because the more automation a business uses, the fewer costs (as a percentage of revenue) they have to find and support clients.
Higher profit margins lead to faster business growth and increased personal wealth, which you can then invest in other businesses like rental properties.
A business that takes a novel approach tends to have less competition, higher revenue, and an easier time finding clients. Combining highly automated business processes with high-demand local businesses reduces the time to recoup costs.
Every business today needs to take search engine optimization into account. We have to include certain businesses in some blogs (including this one!) because readers (like you!) expect to see them.
Dog Wizard is the only franchise in this blog that our primary SEO tool, SurferSEO, expected us to include. All others were chosen because of our research or personal experience with how the business owner operates their franchising company.
Everyone considers franchise opportunities differently. Some people care most about the initial investment, while others are most concerned with ongoing support. That’s why it is important to do your own research before making the minimum investment in any of the best franchises under $100K.
Which franchise under $100K is most appealing to you? Let us know in the comments.
I really like this article, Thank you for sharing your ideas. I can't wait to implement these tips and level up my business! by the way i also read this blog containing the same topic. I want to know your thoughts about it https://menuwars.com/food-blog/how-food-trucks-conquered-america/
Thanks for this informative article on starting a food truck business! It's a great resource for aspiring entrepreneurs like myself. If you're considering a food truck venture, you might also want to check out this page on driver registration for Uber Eats at https://prace-ridic.com/registrace-ridic-uber . It can be a fantastic way to expand your reach and offer delivery services to your customers. Best of luck to everyone looking to get into the food truck industry!
Great article!!! It is very useful for those who are thinking about starting their own food truck business. But in addition to that, I also found interesting information on https://linkukraine.com/kupyty-starlink-dnipro about how to purchase Starlink services in Dnipro. Being able to provide a reliable internet connection for your food truck with Starlink sounds tempting! Thanks so much for the helpful resources and recommendations!
Great post! Almost all the key details related to starting a food truck business are covered and explained in detail. I am sure it will help anyone planning to start a food truck or cart business!
In regards to the food truck article. can you tell me about the requirements for a commercial kitchen that most public health regulations require?? It is my understanding that your food truck has to have a relationship with a commercial kitchen for the storage and food preparation etc. All of your other information is so valuable...thanks!! Please explain and advise. Thanks so much.
One of my school events, I was organize a food shop and I was very impressed when I also got good profits. The right place, the right time, the right decision for the right profit. That moment I took this business just to enjoy But then realized it can be recognized as a profession. Now I'm thinking To transform this business into a career by completing graduation.
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