GETTING DOWN TO Business FACTS & STATS WHAT’S DRIVING THE GROWTH? A 12.4% increase in the past 5 years AVG. REVENUE GENERATED ANNUALLY $ 12 . 4 0 AVG. SPENT PER ORDER AVG. STARTUP COST OF OWNERS HAVE FEWER THAN 3 EMPLOYEES OWNER SATISFACTION IS HIGH: NO BUYER’S REMORSE HERE… WHERE ARE OTHER TRUCKS LOCATED? 15 % INDUSTRIAL WORK SITES 12 % SHOPPING MALLS 18 % OTHER SPECIFIC VENUES OR EVENTS MOST OWNERS (44%) WORKED IN AN UNRELATED FIELD BEFORE STARTING THEIR TRUCK PREVIOUSLY WORKED IN THE FOOD INDUSTRY WERE STAY-AT-HOME PARENTS OR UNEMPLOYED BREAKDOWN OF OPERATING EXPENSES FOOD AND BEVERAGE INSURANCE, REPAIRS AND MAINTENANCE, LICENSES AND FUEL EMPLOYEE WAGES OTHER OVER 4 , 000 FOOD TRUCKS IN THE U.S. Getting served the right info is key to cultivating a business and ensuring success in the food truck industry. Here's a glance at what it takes to get started and grow a profitable food truck business. Sources: https://www.fastcasual.com/articles/food-truck-growth-goes-full-throttle/ http://www.statisticbrain.com/food-truck-industry-statistics/ https://www.webstaurantstore.com/article/146/food-truck-marketing.html https://www.smallfoodbiz.com/2012/07/30/the-real-deal-behind-running-a-food-truck-infographic/ https://mobile-cuisine.com/trends/2015-food-truck-industry-statistics-show-worth-of-1-2b/ The rise of social media and ability to share location instantly — any time, any where. . SOCIAL MEDIA INSTANT GRATIFICATION Popular with time- starved millennials, who make up 47% of food truck traffic. Brick & mortar restaurant extensions. These account for 30-40% of food trucks. BRICK & MORTAR RESTAURANT FOOD TRUCKS Food trucks are more cost-efficient to open and operate than traditional restaurants. Revenue has risen annually to in today’s food service industry Food trucks are the FASTEST-GROWING BUSINESSES The Truck STOPS HERE 2 7 % 2 6 % 18 % 2 9 % OF FOOD TRUCK OWNERS CAN’T IMAGINE WORKING ANYWHERE ELSE!