Food Trucks in Utah are a Smokin’ Hot Business!
Have you ever wanted to own your own business? Something small, mobile, and relatively low-cost to get started? If you’re thinking a food truck might be the right fit for you, you’re not alone. In fact, the food truck industry is booming all across the country, and Utah is no exception. But just how much can you expect to make owning a food truck in the Beehive State? Let’s take a look.
In 2017, the average food truck in the United States raked in $290,556 in revenue. That’s nothing to sneeze at! And things are only getting better for food trucks as more and more people are catching on to the trend. In Utah specifically, food trucks brought in an average of $325,000 in revenue in 2018. That’s a 10% increase from 2017! And with the number of food trucks on the rise (there were over 400 registered food trucks in Utah as of 2019), that number is only going to continue to grow.
Of course, with any business, there are start-up costs and overhead costs that need to be taken into account. The average cost of a new food truck is between $80,000 and $200,000. However, used trucks can be had for as little as $20,000. Once you’ve got your truck, you’ll need to get it outfitted with all the necessary equipment, which will set you back another few thousand dollars. Then there are ongoing costs like gas, insurance, and repairs to consider. All told, you can expect to spend around $3,000 per month just to keep your truck running.
So there you have it! Food trucks are big business in Utah and they show no signs of slowing down anytime soon. If you’re thinking about getting into the food truck game, now is definitely the time to do it. With a little bit of hard work (and a lot of delicious food), you could be raking in some serious dough!
How much do food trucks make in Utah? $19,014 is the 25th percentile. Salaries below this are outliers. $31,238 is the 75th percentile.
How much does it cost to rent a food truck in Utah? How much does it cost to rent a food truck? On average, renting a food truck costs $600, and costs typically range from $457-$1,014.
What permits do you need for a food truck in Utah? Attend a certified manager course and/or food handler class. Obtain a signed commissary agreement from the commissary owner. Register with the State of Utah Department of Commerce. Apply with City Business Licensing.
Is owning a food truck profitable? Most food trucks can expect to become profitable within the first year and a half to two years, depending on the food costs and your businesses’ and region’s KPIs. You’ll have to work to ensure that your food truck becomes profitable before you spend through your contingency funds and financing.