Continuing on our profitable business focus, our episode today is about the food truck industry!

The food truck industry is worth nearly $1 billion and has grown by 7.5% in the past five years, from 2015 to 2020. Currently, there are more than 24,000 food trucks in the U.S. with more than 29,000 people employed in the industry.

The industry is composed of operators that prepare and serve a broad range of cuisine from mobile food trucks on city sidewalks, in parks and at events.

The industry has evolved a lot and quickly with many entrepreneurial food truck operators that have entered the market to cater to changing consumer preferences in favor of gourmet offerings, unique food concepts and also very healthy food. #carnivore #keto #lowcarbs

Key external drivers are: consumer spending, consumer confidence, healthy eating, and urban population.

A food truck is a great opportunity to produce a small themed menu. Whether you have family recipes, or a new creation that your friends rave about, you get the freedom to develop your own menu items. You can also leverage what already exists in other countries and make it better and healthier!

Minimizing risk is a top priority for any business owner. Since there are less startup costs required to start a food truck, it’s a less risky way to get into the restaurant/food industry.