Finimpact

FAQ

Is a food truck an inexpensive business to start?

Food trucks are cheaper to start than many businesses, like traditional restaurants, but you’ll still need $100,000 or more to get started.

What’s the average startup cost for a food truck?

The average startup cost for a food truck is $114,000.

Should I rent or buy a food truck?

Renting a food truck means a lower upfront cost, but you’re stuck with a monthly payment. You’ll never own the truck and be able to stop paying.

Buying is more expensive, but even if you use a loan to make the purchase, you’ll eventually own the truck and be able to stop monthly payments.
 

Is a food cart or trailer less expensive than a food truck?

Yes, food carts and trailers are typically less expensive to open and operate than food trucks.

About the Author

TJ Porter

TJ Porter

Personal Finance Writer

I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.

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