There are more than 4,000 food trucks in the US and you want to join the action. 

Whether you’re a small business or entrepreneur, what better way to make some sales than to go directly to the people who are interested in your products?

However, this extra convenience does come with a cost. But don’t worry! Here are 3 tips to help you find the food truck financing you need:

1. Work With Other Food Truck Enthusiasts 

Chances are, you’re not the only business who has considered using a food truck; you might even have some friends who are as equally inspired as you.

Partnering with a fellow entrepreneur or other local small business can cut the cost of buying a food truck in half because you share the responsibility of food truck financing. 

Additionally, partnering with someone gives you a whole new skill set to get advice from. And if cash-flow becomes scarce, you won’t be on your own to solve every problem.

However, there are things to consider before working with another food truck enthusiast.

While your financing costs will be split, so will your profits. And you may also have to compromise on certain ideas in order to come up with something you can both agree on.  

2. Start Like A Seed, Then Grow

If your business’s finances are tight right now, but you don’t want to work with a partner, starting a catering service first can be a more affordable option.

If you don’t have prior experience in the food truck industry, consider using this time to gain advice from other food truckers.

This will help your business achieve maximum success and avoid common food trucking mistakes. Also, make sure you learn food truck laws and regulations to avoid unnecessary fines.

Then, once you’re familiar with the industry, and your business is in a better financial season, come up with a food truck financing plan, and then go for it!

3. Maximize Your Cash-Flow Potential

Awesome tools typically aren’t free, and food trucks cost between $50,000 and $200,000.

If you already have credit card debt, pay it off first to ensure your business will have enough cash-flow for your food truck financing.

If you choose to take out loans, do your best to minimize them by saving up a portion of your profits first or look for investors. This way, your loans can stay small and won’t take too much out of your profits.

Unless you have a degree in business or accounting, it’s also wise to talk to a financial expert to help determine the best food truck financing option tailored to your business’s specific goals and needs.

Final Thoughts on Food Truck Financing

Food truck financing is not an easy endeavor, but it’s definitely not impossible. Many food truckers have found a way to make it happen, and you can too. 

Once you decide it’s time to purchase a food truck, feel free to contact us! We can help you find the right option for your business and customize a truck to meet your needs. 

Want more food truck advice? Check out more blog posts here!

Thinking about starting a food truck? Request a free custom quote and one of our food truck specialists will help you design the truck of your dreams.

Stay up to date on everything Custom Concessions has to offer! Like us on Facebook and follow us on Twitter.

The post Food Truck Financing: Keeping Your Meals and Money Mobile appeared first on Custom Concessions.

Did you ever think that we’d live in a world where you wouldn’t have to go to a bar to go to a bar?

The time is now and mobile beer trucks are here. If you’re a young entrepreneur, the mobile bartending business is a great new trend to jump on.

The logistics are simple. Educate yourself on booze and bartending and make sure you know your stuff when it comes to licenses and serving laws. Then talk to breweries and start securing contacts and contracts.

After that, you can start looking for your new truck. You’ll be serving to the masses ASAP!

What Are Mobile Beer Trucks?

Mobile bars are just like food trucks except they serve up cocktails, wine, and beer. You might not have seen these pop up too much at events, but you’ll start to. Here are 5 reasons why you should start a mobile bar business.

Cool Truck, Cool Events

You want your mobile beer truck to be the coolest one in town, right? You can literally be the life of the party anywhere you go. 

Build a list of contacts and start promoting your mobile bar, whatever it may include. Weddings, corporate parties, community events, and festivals will all come calling for your services.

Figure out what your niche is and give the people what they want.

Growing Market

Running a mobile beer truck in 2019 is the equivalent of being an ice cream man in the 50s. This is an untapped (pun intended) market and you’ll want to get in on the ground floor.

People love beer and event planners love to give it to them, so start your beer truck now and get ahead of the competition.

Huge Money Potential

Since you’re getting ahead of the competition, you’ll have a chance to expand and franchise your brand early on. Have a good business plan and get all of your licensing and contracts in order. 

There are many options for your mobile bar, but you should try and focus on one thing. You could have a mobile craft beer bar, a tiki bar, a cocktail bar, or a wine bar. An all-around bar will work, but planners are usually looking for a theme for their event.

Craft Brewery Boom

One of the benefits you’ll notice when starting your mobile beer truck is that we’re in the middle of a craft brewery boom in America. In the last 5 years, people from all walks of life have been dropping their old careers and opening breweries.

Every corner of every state has dozens of breweries now, and you’ll be able to select the best local craft beer for your mobile beer truck. People love consuming local products and you’ll love promoting local craft beer.

Endless Possibilities

There are endless possibilities when it comes to owning a mobile beer truck. Imagine having taps built-in right on the side of your mobile bar, or refrigerated storage for your beer kegs. All come with certain benefits, so just figure out which one works best for you.

Once you’re there, you just need to have fun with it. Remember, you’re a traveling party. People are going to love you and your business, rain or shine.

Beer, Beer, Beer

Mobile beer trucks are on the horizon and you’ll be holding the flag at the front. These perks are just the start—there’s no telling how far you can take your business.

Want more food truck advice? Check out more blog posts here!

Thinking about starting a food truck? Request a free custom quote and one of our food truck specialists will help you design the truck of your dreams.

Stay up to date on everything Custom Concessions has to offer! Like us on Facebook and follow us on Twitter.

The post Think Outside the Bar: 5 Reasons to Invest in Mobile Beer Trucks appeared first on Custom Concessions.

Beer is the most popular alcoholic beverage in the U.S. making it a lucrative business in the right hands. Whether you’re a brewer or a connoisseur, starting a mobile beer truck business is a great way to cut overhead costs and cash in on the craft beer boom. But how exactly do you start a mobile bar?

Here’s everything you need to know about running a mobile beer business.

Know Your Beer

Starting any business requires knowing the product inside out. Beer is no different. If you can’t tell the difference between an IPA and a stout, you’re going to run into trouble before you even get behind the wheel.

The internet has made research on this front far easier than it used to be. Bloggers and breweries alike are ideal sources of information on the art of brewing the perfect beer. 

If you plan to source local then do some leg work. Visit breweries, test their product, and teach yourself the jargon for describing different beers. You’ll be happy you put the work in when a customer asks for a recommendation.

Know Your Market

You should be as well versed in who’s going to buy your product as the product itself. Knowing your target audience is the backbone to any solid entrepreneurship endeavor. And no, “beer drinker” won’t cut it.

Lock down exactly who you plan to sell to and spare no detail. Ask yourself:

• What does my customer do for work?
• What do they do for fun?
• Where do they live?
• Are they single? Married? Have kids?
• How much do they earn?
• What are their goals?

Answering these questions in a meaningful way will help you develop customer personas. These detailed roadmaps of your target audience will prove invaluable when making decisions on the running and promotion of your business.

Know Your Competition

Mobile bars aren’t uncommon so chances are you’re going to have some healthy competition. Take that as a challenge.

The better you know your competition the better you’ll be able to stand out from them. This is called finding your unique selling proposition (USP) – the thing that makes your business unlike any other.

Keeping tabs on your competitors is also a great way to test marketing strategies without any of the risk. If a campaign fails your competitors, you’ll be able to make note of it and avoid the pitfall yourself.

Get Licensed

Liquor licensing is serious business. Breaking the rules is the fastest way to sink a business and your bank balance, so make sure you’re on the right side of the law.

Check your state, city, and/or county permit requirements and don’t cut corners. You’ll also need to apply for a business license and a sales tax permit. Depending on the setup of your mobile bar, applicable vehicle permits might also apply.

Red tape might be frustrating to deal with but it’s better than the repercussions should you get caught out without the proper licenses.

Get Your Mobile Beer Truck on the Road

Running a mobile beer truck is the best of both worlds: entrepreneurship without the overhead of a static location. Knowing your beer, your market, and your competition will start your mobile bar off on the right wheel. And with the proper licenses, you’ll be pouring your first pint in no time.

Want more food truck advice? Check out more blog posts here!

Thinking about starting a food truck? Request a free custom quote and one of our food truck specialists will help you design the truck of your dreams.

Stay up to date on everything Custom Concessions has to offer! Like us on Facebook and follow us on Twitter.

The post Will Drink for Money: How to Start a Mobile Beer Truck Business appeared first on Custom Concessions.