So what are some of the common points to a food truck business plan? Basically the same as any other business, it just needs to be tailored to your business model. But here are some of the more common parts of the average business plan.
Source: www.guide.alibaba.com
- Cover Page: this is the front cover. It should say the business’ name, your name, the date and basic information (like any book cover). It shouldn’t be too overbearing or excessively wordy, but can have your company’s logo on it.
- Executive Summary: this is a quick overview of your food truck business plan as a whole. It briefly touches on what your company is and what you hope to achieve with it.
- Index: a food truck business plan is much like a book, and can even be as long as one. Though considered optional, an index is nice to have in the front showing the different sections and what page they can be found on for easier referencing.
- Company Description: this part of your food truck business plan goes into more detail about your business and what separates it from the competition, basically why it is a good idea.
- Market Analysis: this is looking to the competition, the area you’ll operate in, and what the demand is for your service. This is essential; a good demographic study can make or break you.
- Management and organization: Basically the leadership structure of your business. It doesn’t matter if you have one person operation or a team of two dozen, you must break down their roles and duties.
- Products and/or Services: This is pretty self-explanatory; your food truck business plan must explain what you are going to sell. You must explain how it will benefit your target customers and how you will operate.
- Sales and Marketing: In order to get customers they must know you exist, so how are you going to get the word out? You also need to have a sale strategy in mind of how you’ll generate business.
- Additional Required Funds: this is money in addition to what you already have. How much do you need and how will it be used? (Most lenders require you to have a percentage of the initial operating cost and in some cases collateral.)
- Financial Projections: this can be seen two ways (sometimes both). It can be the complete breakdown of the money requested and exactly how it will be used. It can also be to projected revenue growth (how your company will grow financially).
- The Appendix: though considered optional, many still like to see this portion, especially if you have submitted supporting documents, graphs, charts and such. This is also where you can add additional resumes, licenses, permits, certifications, letter of recommendation and etc.
If you need help the Small Business Administration can help. You can also visit many of the small business associations like SCORE, your Local Chamber of Commerce, Industry and Trade Associations, forums, and other social media outlets. Of course there are businesses consultants who can help write these or you can even hire a freelancer to write for you, but that will cost you!
Source: www.mobile-cuisine.com
Another thing to remember is that the food truck business plan is more than just a way to get the bank to loan you the money for your idea. It is actually a living document and should be used a guide to keep you on track. Generally a business plan is a projection of the business’ planned future, general three to five years.
Determining Cost For The Food Truck Business Plan
When you put together a food truck business plan there are several questions that you’ll need to answer. Cost is a key point. You need to be prepared to factor in all the associated cost when making your food truck business plan.
