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FOOD TRUCKS IN THE U.S. - Progressive Commercial...of food truck tra˜c. Brick & mortar restaurant...
Transcript of FOOD TRUCKS IN THE U.S. - Progressive Commercial...of food truck tra˜c. Brick & mortar restaurant...
GETTING DOWN TO Business
FACTS
& STATS
WHAT’S DRIVING THE GROWTH?
A 12.4% increase in the past 5 years
AVG. REVENUE GENERATED ANNUALLY
$12.40AVG. SPENT PER ORDER
AVG. STARTUP COST
OF OWNERS HAVE FEWER THAN 3 EMPLOYEES
OWNER SATISFACTION IS HIGH: NO BUYER’S REMORSE HERE…
WHERE ARE OTHER TRUCKS LOCATED?15% INDUSTRIAL WORK SITES
12% SHOPPING MALLS
18% OTHER SPECIFIC VENUES OR EVENTS
MOST OWNERS (44%) WORKED IN AN UNRELATED FIELD BEFORE STARTING THEIR TRUCK
PREVIOUSLY WORKED IN THE FOOD INDUSTRY
WERE STAY-AT-HOME PARENTS OR UNEMPLOYED
BREAKDOWN OF OPERATING EXPENSES
FOOD AND BEVERAGE
INSURANCE, REPAIRS AND MAINTENANCE, LICENSES AND FUEL
EMPLOYEE WAGES
OTHER
OVER 4,000FOOD TRUCKS IN THE U.S.
Getting served the right info is key to cultivating a business and ensuring success in the food truck industry. Here's a glance at what it takes to get started and grow a profitable food truck business.
Sources:https://www.fastcasual.com/articles/food-truck-growth-goes-full-throttle/http://www.statisticbrain.com/food-truck-industry-statistics/https://www.webstaurantstore.com/article/146/food-truck-marketing.html https://www.smallfoodbiz.com/2012/07/30/the-real-deal-behind-running-a-food-truck-infographic/https://mobile-cuisine.com/trends/2015-food-truck-industry-statistics-show-worth-of-1-2b/
The rise of social media and ability to share location instantly —any time, any where..
SOCIAL MEDIA
INSTANT GRATIFICATIONPopular with time-starved millennials, who make up 47% of food truck tra�c.
Brick & mortar restaurant extensions. These account for 30-40% of food trucks.
BRICK & MORTAR RESTAURANT
FOOD TRUCKSFood trucks are more cost-e�cient to open and operate than traditional restaurants.
Revenue has risen annually to
in today’s food service industry
Food trucks are the
FASTEST-GROWINGBUSINESSES
The Truck STOPS HERE
27%
26%
18%
29%OF FOOD TRUCK OWNERS CAN’T IMAGINE WORKING ANYWHERE ELSE!