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A decade ago, when it comes to eating outside food, there was either the fine dining restaurant or the street side food which meant that either one goes for an expensive meal or get satisfied with the cheap or unhealthy one. The growth of the food truck business phenomenon in India is a derivative of a similar business module in the USA. The reasons behind this burgeoning preference for this kind of food are:
The food truck or the mobile kitchen business in India has huge potential as it is still in its nascent stage. In India, it is estimated to be growing at a rate of 8.4% annually. As per a National Restaurant Association report, it was estimated that by 2017-18 the revenue generated from the food truck business in India would touch 2.7 billion dollars approximately, a huge leap from 650 million dollars five years back.
To start a food truck business, one needs to plan as per the following defined steps:
An approximation of the break-up of the initial investment is as below:
The mandatory documents are:
Since this is regarded as an unorganized sector with no specific regulations or guidelines and no central or state-assigned regulatory body overlooking the working of the food truck industry in India. Hence getting things organized especially licenses etc are a major challenge for the business owner.
If serving delicacies and tasty gourmets are your life, then this is the right time to cover that extra mile as an entrepreneur by starting a food truck business in India with an irresistible menu that would be hard for the crowd to ignore.
Read our article:Food Safety and Standards Rules in India
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