Many aspiring chefs and entrepreneurs alike struggle to start up a food truck business because of the initial costs.
Not only do you need the money to buy a food truck and all of the equipment but you have to have enough money to pay for employees, permits, etc.
This concept should be very appealing to FoodTruckrs because not only will it make it possible to start a food truck business but you will also be able to build equity and someday own your truck, something that isn’t possible if you go the renting route.
Lease-To-Own Programs For Food Trucks
Here are some of the mapped out benefits of this lease-to-own program (via Roaming Hunger):
Get a three year lease-to-own program that sets you up for success, exclusively from Roaming Hunger. Total Roaming Hunger program benefits are valued up to $90,000 over the life of the program and include:
- Professional food truck wrap design ($1,500)
- High-quality, professional website ($2,500)
- Social media marketing and PR support to kickstart your business ($2,000)
- Minimum of one catering opportunity from Roaming Hunger per month (estimated $1,000+ per booked event)
- Free access to Roaming Hunger public event listings to fill your calendar (estimated $800+ per booked event)
- Free food truck marketing profile on Roaming Hunger website
- If you choose to sell your truck at end of term, Roaming Hunger will help sell your truck and waive any listing fees
Looking to take your food truck business to the next level? If so, then The Food Truck Growth Kit has your name written all over it!
As for requirements for the program, an established business will need a credit score of 675 or higher, a minimum of two years in business, revolving credit under $20,000, two years business tax returns and a three-year lease term.
If you’re an entrepreneur, here’s what you will need to qualify for the program: 700-plus credit score, you need to be a homeowner, your credit card debt needs to be under $10,000, you need a solid business plan, you need culinary or business experience and a three-year lease term.
There are many routes to enter the food truck industry, and Roaming Hunger is providing another great way with its lease-to-own program.
You can learn more about the program by following this link.
Editor’s Note: Today’s post is from Jeremy Adams. Jeremy is the President/CEO of Prestige Food Trucks, which is the world’s leading custom food truck manufacturer. In his current role as President/CEO, Jeremy manages dozens of employees, interacts with clients, and maintains a healthy relationship with all of his business partners. Since Prestige, Jeremy has launched many other successful companies.
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