7 Profitable Food Truck Business Ideas - Investment & License
Food Business will never be out of demand but the ways of doing the business would change. Food Trucks will be a new replacement to brick restaurants adding new glamour to the business.
Find 7 Food Truck Business Ideas that can get you big profits with small investments.
Many people want to start their own business and are looking for ideas and opportunities. We will look at one such business idea that is becoming increasingly popular and, if done properly, can be extremely profitable. Let us look at 7 Profitable Food Truck Business Ideas.
Food trucks can be of various types, but here we will focus on food trucks with some unique and fancy items that have a high profit margin. We will also discuss how much money you’ll require to invest, as well as the license you’ll need.
Let us look at the ideas one by one:
1. Cinnamon Rolls Food Truck:
This food truck has been kept at number one in particular because the profit margin for this food truck could be very high. The reason for this is that the base ingredients for making these rolls, such as flour, sugar, and cinnamon powder, are not expensive, and cinnamon rolls are a very fancy item in India right now. In this food truck, you could prepare oversized rolls and serve them to your customers in a visually appealing manner. To make different variations, you could use different dressings, such as chocolate sauce dressing, cheese sauce dressing, choco-cheese dressing, and so on. You could put your creative skills to use here. And, if this food truck is able to do business and is successful, your profit margin will be very high.
2. Crepes Food Truck:
Crepes are a French dessert in which pancakes are made with flour, eggs, and milk and sold to customers with sweet toppings. These are delicious with chocolate sauce, peanut butter, bananas, and other fruits. Again, because the base ingredients used are not very expensive, the profit margin for this business could be very high. And, once again, crepes are a high-end treat in India. Keep crepes in mind if you're thinking about starting a food truck business.
3. Waffles Food Truck:
You may have heard of Belgian and American waffles, but in the food truck segment, waffles remain unique in India. Waffles can come in a variety of flavors, such as fresh fruit waffles, lemon and blueberry waffles, peanut butter and chocolate waffles, and so on. In this way, you could change and offer different flavors of waffles, such as lemon, orange, or coffee extract instead of vanilla extract, and create a different variant. Again, the ingredients used to prepare waffles are not expensive, which is why waffles are a very profitable business idea.
4. Ice Creams:
Ice cream is a favorite of all ages. And presenting the ice creams with a twist would not only increase sales but also profit margins. You could sell a variety of interesting items from your twisted ice cream food truck, such as ice cream rolls, biscuit ice creams, sandwich ice creams, tacos ice creams, and so on. All of these items are not only tasty but also visually appealing, which will undoubtedly attract customers. Also, there is an emerging market in this market for vegan food, and if you want to target this segment, you could sell avocado ice cream from your food truck. With a little imagination, you could set your business apart from others.
5. Bubbled Tea:
You could make an interesting food truck around the beverages. And this truck could be of bubbled tea. Bubbled tea is a relatively new concept that is quickly gaining popularity. This is a type of flavored tea that is served with tapioca balls. It's a high-end item, and as such, sales would be high. And the base ingredients used here are not overly expensive. As a result, the profitability of the trucks is also very high.
6. Tacos and Burritos:
This is another popular food truck in India, serving tacos and burritos. It is also a quick-to-prepare item with a high profit potential. Both of these trucks would be excellent choices for your new business venture.
7. Smoothie Bowls Truck:
Customers could purchase healthy smoothies from this truck. You could also top the smoothies with fruits, nuts, or seeds to make them more interesting. The ingredients used in this truck are more expensive than those used in the other trucks we've discussed. However, because this is a healthy alternative, customers would be willing to pay for it. If you prefer, you can make it a separate truck or combine it with the beverages truck. This is entirely up to you.
Food trucks can be of various types, as previously stated, but with rising incomes, people are willing to spend money on more upscale fare. As a result, food trucks serving this type of upscale cuisine are becoming increasingly popular. Don't worry if you don't know how to make waffles, crepes, or smoothies for the food trucks we've talked about. All of these recipes can be found on YouTube. From there, you could learn, study, and practice. If necessary, you could also enroll in a short professional course.
Now that you've learned about the various food truck business ideas, and if you're interested, you're probably wondering how much money you'll need to invest. It is up to you to make the investment in this case. Because some people in this market only set up shop in vans, while others set up shop in tempo traveler as well. So, if you want, you can begin with Rs 3 lakh investment. And if you have money you can invest up to Rs 10 lakh investment also. The advantage of using a food truck instead of a traditional restaurant is that you don't have to prepare a restaurant with stone and bricks, and you don't have to pay monthly rent. Yes, a few licenses are required, which are listed below as:
1. Shop Registrations
2. Vehicle Registrations
3. RTO NOC
4. Nagar Nigam NOC
5. Food Business Operator License
6. Fire Safety
7. Kitchen Insurance
8. FSSAI License
If you are interested in the food business and want to start a business with a low investment, the food truck business idea is one that you should definitely explore because the profitability in this business can be very high and with your experience, you can convert it into a large food chain.
There are a lot of start-ups in the world, and the majority of them fail within the first year and a half. You know why, because in the first and a half year, you may face a lot of problems, and rather than solving those problems, we believe the business is not profitable. But that is not the case; to do business, you need more than just passion; passion alone does not make a business successful; you also need proper planning and proper implementation. So, if you want to start a food truck, do it with consciousness and passion. You would undoubtedly be successful.