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Exploring how to start a foodtruck business is a smart move in 2021. The startup costs are lower than what you’d have to shell out to open a brick-and-mortar restaurant, and as the world continues to grapple with the COVID-19 pandemic, foodtrucks offer both a safe dining option for your guests and a reliable income source for you.
Regulations and standards for foodtrucks differ significantly from state to state, city to city, and even neighbourhood to neighbourhood. A foodtruck business may seem quite straightforward at first but there are many implicit and hidden costs that you might overlook while considering the expenses.
Time has never been better to open your foodtruck, and the most critical business step is investing in insurance. The number of foodtrucks in the United States roughly doubled between 2013 and 2018, and for all good reasons. Insurance companies, on the other hand, see foodtrucks in a different light.
According to Statista , in 2023, the revenue of online food delivery was estimated at over $1 trillion, and it is expected to hold a 50% share of the drive-thru and takeaway food service markets by 2030. Indeed, they have been around for over a decade: a NYT article from 2019 dates them back at least to 2013.
And more and more often, whether we realize it or not, it’s also where we’re ordering our food. Introducing cloud kitchens , commercial facilities purpose-built to produce food specifically for delivery. Food delivery is nothing new, of course. Customers order online on food delivery apps (such as Grubhub, Doordash, etc.)
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