The food truck business is no longer a preserve for low-quality hot dog vendors. It is becoming big business as more sellers focus on quality. The popularity of mobile eateries has also skyrocketed over time, with most vendors making over £100,000 a year.
Want to part of this profit party?
Here’s a step by step guide of how to open a food truck business in New Zealand.
Know if It Is the Best Choice for You
Running a food truck is not easy. You’ll spend sleepless nights trying to hold popular parking spots, struggle with product prices and deal with stubborn customers. It can still be a profitable and rewarding business if you are resilient, a good cook, and a great accountant. Most importantly, make sure you’re comfortable preparing consistently good food all day long.
Study Your Competition
Food trucks are becoming popular, and that has attracted many entrepreneurs into this space. Study what your competition is doing to get a rough idea of what the market wants. Get to know the most popular foods, the best parking spots, and your target customer.
This info should guide you on how to plan for your venture. It might pay off to make the same dishes as your competition, or you could choose to stand out by offering something people don’t see on every corner.
Acquire the Necessary Paperwork
Without licenses, your business is practically an idea. So, if you have a solid plan and believe it would work, go ahead and get the necessary paperwork for your food truck business.
It is worth noting that some cities have a cap on the number of food trucks they can have at the same time. You might have to wait for an extended period before getting the green light.
Consider Finding Solutions for Other Food Trucks
With hundreds of food trucks in the market today, it could be more profitable to offer services or rent out equipment to vendors. People who are starting a food truck business don’t want to risk buying expensive equipment, and hiring seems like a good option. Also, most successful food truck vendors might choose to hire food trucks to scale business operations.
You could also run a brick and motor kitchen to produce fast-moving foods that take more time to prepare. A great idea would be to make pastries and milk products then sell them to established food truck vendors.