Can I Make money with a food truck or trailer?
I see this question a lot. The simple answer is yes.
But do you know how to re-engineer the result you want?
As a former CFO of 2 different restaurant groups, I did this all day.
Work with numbers. Create dashboards, and project the sales of the restaurants.
I built a spreadsheet to show the projections including labor, rents, taxes, and utilities.
So I know it can be profitable. Want to sell $500K a year with a food truck?
Thats $9.6K a week.
Open every day?
That’s $1370/day not open every day?
Open 5 days a week? Thats $1920 a day.
Then figure out how many people you will serve to achieve that daily sales goal.
$1920/$20 (per person avg). 96 people paying you $20.00 Does this guarantee you will make money?
No. You have to price your menu correctly. Staff your truck correctly.
You have about $125K to pay staff or yourself in that $500K and still have a solid net income at the end of the year.
Don’t let numbers scare you. Learn how to achieve them.
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