The Food Truck Business Plan: From Concept to First Customer

by Kincaid and Le Companies LLC

The traditional restaurant industry has a failure rate of 60% within the first year and 80% within five years. The startup costs average $250,000 to $500,000 or more. Leases lock you into locations for 5-10 years. And if your concept does not resonate, you are stuck with an expensive buildout in a fixed location.