GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of A Food Truck

The average cost of a food truck ranges from $50,000 to $100,000.

Last Updated: June 23, 2024

How we write

In this post, we will discuss the average cost of a food truck based on various statistics and key financial insights. From startup expenses and operating costs to revenue generation and maintenance expenditures, we will provide a comprehensive overview of the financial landscape for food truck businesses.

Statistic 1

"Food trucks typically have profit margins between 6% and 9%."

Statistic 2

"The average monthly operating cost for a food truck is around $20,000."

Statistic 3

"The annual revenue of successful food trucks ranges from $250,000 to $500,000."

Statistic 4

"The average cost to start a food truck business ranges between $28,000 to $114,000."

Statistic 5

"Permit costs for food trucks vary by city but can range from $100 to $500."

Statistic 6

"Food truck rental costs for events can be up to $1,200 per day."

Statistic 7

"A new food truck costs about $100,000 while a used food truck costs around $50,000."

Statistic 8

"Food truck insurance usually costs between $2,000 and $4,000 per year."

Statistic 9

"Fuel costs for running a food truck average about $250 per month."

Statistic 10

"Food truck catering generates an average of $7,000 per event."

Statistic 11

"Commissary fees for food trucks average around $500 per month."

Statistic 12

"Around 30% of food trucks fail within their first year."

Statistic 13

"Food supply costs account for 25% to 35% of a food truck's total revenue."

Statistic 14

"Full build-out of a food truck can cost between $50,000 to $175,000 depending on customization."

Statistic 15

"Licensing fees for food trucks can cost between $250 and $1,000."

Statistic 16

"Food truck equipment (ovens, fryers, etc.) can cost up to $25,000."

Statistic 17

"Marketing costs for a food truck business average around $5,000 per year."

Statistic 18

"Food truck maintenance and repair costs can amount to approximately $5,000 annually."

Statistic 19

"The average food truck staff consists of three employees."

Statistic 20

"Food truck POS system costs can range from $1,000 to $2,500."

In conclusion, the average cost of a food truck business can vary significantly depending on various factors such as location, size, and equipment. While the initial investment to start a food truck business may range from $28,000 to $114,000, the ongoing monthly operating costs, including permits, insurance, fuel, and maintenance, can add up to approximately $20,000. Despite the potential for high revenue, with successful food trucks bringing in $250,000 to $500,000 annually, it is essential to carefully consider and plan for all the associated costs and potential risks, as around 30% of food trucks fail within their first year.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.