By: A Staff Writer
Updated on: Aug 08, 2024

What: Mobile Food Truck
The Opportunity: The mobile food truck industry is booming, driven by consumer demand for unique, high-quality, and convenient food options. The market size in the US was valued at over $1 billion in 2022 and continues to grow.
Startup Costs: $50,000 – $100,000 (truck purchase, kitchen equipment, permits, initial inventory).
Potential Revenues: $100,000 – $250,000 annually, depending on location, menu, and marketing.
Risks and Pitfalls: Seasonal fluctuations, high competition, and potential regulatory hurdles.