The cost of a food truck can vary depending on several factors, but here's a breakdown to give you an idea:
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Buying the truck: This is the biggest expense.
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New: A brand new, fully equipped food truck from a specialty dealer can range from $50,000 to $175,000.
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Used: Used food trucks are generally cheaper, costing between $30,000 and $100,000.
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Permits and Licenses: You'll need various permits to operate legally. These can cost anywhere from $2,000 to $20,000 total depending on your location.
Here are some other ongoing costs to consider:
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Commissary Kitchen Rental: Most food trucks need a commercial kitchen space to prep food and store supplies. This can cost $400 to $1,500 per month.
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Permits and License Renewals: Some permits may require annual renewal, adding to the cost.
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Vehicle Registration and Insurance
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Gas
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Equipment and Supplies
So, the total cost of owning a food truck can range from around $32,000 (used truck, low permitting fees) to well over $200,000 (new truck, high permitting fees) depending on your specific situation.