The FOOD TRUCK BUSINESS IN INDIA.
The food truck business or a restaurant on wheels has been more famous as a concept in India. Among entrepreneurs and consumers alike. In this content, we will take your advice for everything you need to know before you starting this business in India.
LET’S START WITH THESE THINGS:
- What are the average costs involved
- Which type of Licenses needed
WHAT IS THE AVERAGE COST OF OPENING A FOOD TRUCK IN INDIA?
A food truck can simply cost you anywhere in India average between INR 8-10 lakhs. This also depends on the upper end of the spectrum. A food truck fully equipped can cost will be up to 20 lakhs onwards.
HERE, WE HAVE A COMPLETE GUIDE FOR A BREAKDOWN OF ALL THE EXPENSES INVOLVED IN YOUR FOOD TRUCK
Vehicle or Truck:
Food truck business, you need a truck – you can use an old second-hand one. If you can’t find any then you could buy a new truck. A simple truck will cost you a minimum of 4 lakhs to-5 lakhs.
Equipment used in the Food truck:
In your truck you have to invest money in essential items like kitchen equipment or some extra machinery and chimney. These are some one-time investment for you food truck business. You may include stove, cooking vessels, utensils, and cutlery. You need to add some tables-chairs so that people would get a sitting option if they’d like. All the equipment would cost you around INR 2 lakhs-3 Lakhs depend on brand or variety.
Raw Material for a food truck:
You will need a little stock of raw materials to prepare the food when customers order. This cost will be around 20-30K INR.
POS is important for your business. This technology is much more than a piece of technology. That will take care of your billing system. This system linked with several key business functions including your Company Reputation Management, analytics, and inventory as well. Good quality with authentic brand POS will cost you around INR 25-30K for the 6-month pack.
Now you need to hire some resources to manage the key functions for the everyday operations of your business. India has a good thing for business is, your cost of hiring staff is not costly. You can leave aside around 13-15K per month per staff member.
Food truck business is not like any other business, money will come in only if you are promoting and advertising your business in the right way and audience. The strategy of marketing would include both offline and digital or online promotions and that can cost you a lot. You should keep money aside at least 15K a month for your market presence.
WHAT KIND OF LICENSES ARE NEEDED TO OPEN A FOOD TRUCK IN INDIA?
Food trucks are just like any ordinary restaurant. Food truck or restaurant also needs all the valid licenses by the authority according to city or state or country. The government of India has already taken action to fix some issues on in this business.
WE HAVE SOME LISTED OF THE IMPORTANT LICENSES YOU’LL NEED WHEN OPENING A FOOD TRUCK.
If you have this license that means you are provided a good quality of food or related service. Restauranrt or any food business with big revenue of more than 12 lakh needs to have this license. It’s a 14 digit numbers license. We provide you a complete guide on how you can get your FSSAI license.
NOC from the Chief Fire Officer:
Restaurant or any food truck that deal with a lot of gas appliances, like fridges, stoves, etc, having a NOC certificate from the Chief Fire Officer. This is mandatory for all food-related business owners.
Authority letter from the local municipal body:
You would need to get a written document stamped by the local municipal body to start setting up your business when you are zero in a location for your business premises.
Food truck/ Vehicle license:
This is a registration number for the same must be issued by the RTO of commercial vehicles. As you know the truck is a commercial vehicle so have to a proper and updated license of the vehicle.
Here’s we have the complete guide to tell you that how you get all licenses and taxes for your restaurant/food brand in India. Most important things to keep in your mind while starting a Food Truck
The business will run well good only if the location has rushed. Keep all these factors in your mind before setup:
A truck would need enough amount of open space according to the truck size. Ensure that you are allowed to park a vehicle in a specific area where your business can grow successfully. You could go and check-up with the local municipal authorities about the location you needed.
Visibility for your audience:
Always choose a popular area which is continuously visited by big amount of people. Good areas might be outside popular parks, market places, movie halls, and universities, colleges, etc.
Plan your location accordingly your competition is stationed.