A food truck business is a profitable business that you can consider setting up in South Africa. Due to the increase in the working class and the general living standards, many people do not have time to prepare meals at home, so they eat out instead. As such there will always be a need for take out whether it is from a restaurant or a food truck. Currently, the industry cannot keep up with the high demand for quick and convenient meals so there is a need for more catering services such as food trucks. Keep in mind that more consumers are becoming health conscious and opting for healthy and ethically produced foods. In addition, the source of the ingredients now has great influence on the consumer, as more people buy from businesses that use local produce and from food trucks that use nutritious ingredients that are sourced in a sustainable way. This article will outline how you can start a food truck business in South Africa, and the food truck business plan – PDF, Word and Excel.
A food truck business is a lucrative business that provides income for many South African entrepreneurs, but there are some essential factors you need to consider before venturing into this type of business. You need to decide on the size of your food truck; location, the various meals you will provide, plus your target market. These factors will be affected by the amount of capital you have. Thus, you should carry out a feasibility study, market research and have a good food truck business plan before you venture into this business.
Location & Premises
The location and premises of your food truck is an important decision to make before you start your business. It’s important that you locate your food truck close to your target market. When setting up your food truck business consider the amount of road traffic and set up in an easily accessible location where people can stop and quickly get service. There are several possible locations, including shopping centres, malls, parks and the CBD. Opening a food truck close to places that typically have potential for traffic will be ideal depending on your target market. It is important to be strategic about your neighbouring businesses because you are more than likely going to feed into each other instead of competing. If you open your food truck or other type of food business in an overly saturated area then the likelihood that your business will succeed will be low.
Equipment For Your Food Truck Business
You need various equipment for your food truck. The equipment you need will depend on the size of your business and the kind of products you intend on providing. The primary thing you need is a food truck vehicle. There are many types of food trucks available on the market, with different sizes and prices. Your food truck can either have kitchen equipment inside (stoves, cookers, refridgerators etc) , or you can prepare the food in separate kitchen premises and then just use the foods truck for serving food. The equipment needed includes refrigerators and freezers, ovens, stoves, cookers, food preparation counters, slicers, mixers, shelving, pots, pans, various cookware, tableware, cutlery etc. Buying the food truck, kitchen equipment and fitting out your food truck will be your biggest expense when starting up a food truck business in South Africa. You may consider buying second hand equipment in-order to lower the startup costs. Your food truck business plan should cater for the costs of purchasing the food truck and kitchen equipment.
Products
Your target niche will determine the kind of products you will sell. The common products found in a food truck include various types of sandwiches, burgers, wraps as well as hot and cold beverages. So, it will be advantageous to have all these various meals in addition to other complimentary products on your menu. It is also wise to provide complimentary services such as free Wi-Fi to attract and retain customers. Another essential factor in running a food truck business is selecting the right suppliers. Consider suppliers who can provide affordable and quality ingredients consistently.
Examples of foods you can sell:
- Burgers, Sandwich, Rolls
- Pizza
- Meat Dishes (Chicken, Beef, Pork, Lamb, Mutton, Sausages, Fish etc)
- Rice and Pasta Dishes
- Baked goods, bread, toasts
- Tea, Coffee , Alcoholic drinks
- Pap
- Chips
- Chicken meals
- Ethnic Dishes (Indian Food, Mexican, American, Asian, Italian etc)
- Traditional Dishes
- Ribs
- Amagwinya
- Bunny chow
- Soft Drinks, Juices, Milkshakes, Icecreams, Yorghuts
Your food truck business plan should outline the various products and services that you will provide.
Staff & Management
In order to become a customer-centric food truck, it’s important that you hire employees that are friendly and efficient. Your employees should be passionate about serving your clients. If you want to hit the ground running it is better to hire a team of people who have experience in this business. Your chefs and cooks should be able to prepare quality products, and your staff members should be able to serve customers efficiently on a regular basis. Inexperienced staff members will need to get extensive training before they can be given critical cooking tasks. Depending on the size of your food truck, the actual number of your staff will vary however, you will need, chefs, cooks, waiters, cleaners, and till operators, security as well as management. Your food truck business plan should cater for the salaries and day to day expenses of your employees.
Some of the day-to-day operations of this business involves:
- Operating machinery (cooking/baking)
- Serving Customers and doing deliveries
- Liaising with /suppliers
- Managing Staff
- Marketing and advertising
When you are handling food products and beverages you should always remain aware and alert by paying attention to how the food and beverages are prepared. Food contamination can cause health issues. It is also crucial to adhere to all industry related safety regulations. These safety measures cover the cleanliness of your environment; how your staff members dress plus how and where food is prepared and stored. Businesses related to the preparation and serving of food can be a great risk, that is why adhering to health and safety regulations is important.
Market
According to a Stats SA retail trade industry report, more than R60 billion is generated from the restaurant, coffee shop, bakeries, and fast-food sector per year. This income includes food, cooked and baked, as well as beverages. Recently, there has been a growing demand in healthy options when it comes to all kinds of food. Consumers are becoming health conscious although low-income groups still remain price sensitive and opt for the least healthy options. There is huge demand in South Africa for food truck products as they can be conviniently located close to the customers. There is also an opportunity for small, specialised food trucks that can offer customers healthy meals especially for the middle to upper income groups.
Burger
Is A Food Truck Business A Good Investment?
There is no denying that there is a reasonable number of food businesses with a large market share in South Africa. Nonetheless, it is still possible for you to own your own food truck brand. Investing in a food truck is a profitable venture, but obviously, this will depend on many factors such as your target market. Apart from the obvious advantages of becoming financially independent and becoming your own boss, running a food truck can be a rewarding way of uplifting your community. Given that the South African market is one of the leading emerging economies on the African continent there is potential for high growth when it comes to the food industry. The food and beverages sector in the country has been growing steadily over the years, thus opening a food truck business is a good investment. Whether you are a young entrepreneur, a professional seeking to start your own business or someone who needs a retirement plan, investing in a food truck is something worth considering.
One thing that can set you apart before investing in any venture is developing a business plan. A well thought out food truck business plan will help you in both the short and long term. There are various risks associated with running a food truck or any other type of business and your business plan should clearly outline these risks and the various ways to minimise them. Also, a business plan will force you to assess whether or not your business model or profitable or not and also help you access funding from banks and other organisations.
PRE-WRITTEN FOOD TRUCK BUSINESS PLAN (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS
For an in-depth analysis of the food truck business in South Africa, purchase our food truck business plan. We decided to introduce the business plans after noting that many South Africans were venturing into the food truck business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.
Our business plan will make it easier for you to launch and run a food truck business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the food truck business plan will lay out all the costs involved in setting up and running the business. The business plan is designed specifically for the South African market.
USES OF THE FOOD TRUCK BUSINESS PLAN (PDF, WORD AND EXCEL)
The food truck business plan can be used for many purposes including:
- Raising capital from investors/friends/relatives
- Applying for a bank loan
- Start-up guide to launch your food truck company
- As a food truck business project proposal
- Assessing profitability of the food truck business
- Finding a business partner
- Assessing the initial start-up costs so that you know how much to save
- Manual for current business owners to help in business and strategy formulation
CONTENTS OF THE FOOD TRUCK BUSINESS PLAN (PDF, WORD AND EXCEL)
The business plan includes, but not limited to:
- Market Analysis
- Industry Analysis
- 5 Year Automated Financial Statements [ Income statements, cash flow statements, balance sheets, monthly cash flow projections (3 years monthly cash flow projections, the remaining two years annually),break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortisation]
- Marketing Strategy
- Risk Analysis
- SWOT & PEST Analysis
- Operational Requirements
- Operational Strategy
- Why some South Africans in the food truck business fail, so that you can avoid their mistakes
- Ways to raise capital to start your food truck business in South Africa
The Food Truck Business Plan package consist of 4 files
- Food Truck Business Plan – PDF file (Comprehensive – 91 pages)
- Food Truck Business Plan – Editable Word File (Comprehensive – 91 pages)
- Food Truck Business Plan Funding Version – Editable Word File (Short version for applying for a loan – 44 pages)
- Food Truck Business Plan Automated Financial Statements – (Editable Excel file)
The financial statements are automated. This implies that you can change eg the costs, salaries etc, and all the other financial statements will automatically adjust to reflect the change.
GET THE FOOD TRUCK BUSINESS PLAN (PDF, WORD AND EXCEL) - R500 Only.
We decided to make the business plan affordable to anyone who would want to start the business, and the price for the pre-written business plan is only 500 Rand.
We have several payment methods which you can use.
Payment Method 1 (Visa card, Mastercard, Credit card, Debit Card)
Click Buy Now below to purchase. After you have purchased, you will instantly see the download link for the business plan package on the screen. We will also email you the download link. Get instant access to the business plan now!
If you want to purchase multiple business plans at once using Visa Card/MasterCard then click here: Business Plans Store
The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on sales@bizbolts.co.za and we will assist you.
Payment Method 2 (Instant EFT - FNB, Absa, Standard Bank, Nedbank, CapitecBank, Investec, TymeBank and African Bank. )
Click Buy Now below to purchase. After you have purchased, you will instantly see the download link for the business plan package on the screen. We will also email you the download link. Get instant access to the business plan now!
If you want to purchase multiple business plans at once using Instant EFT then click here: Business Plans Store
The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on sales@bizbolts.co.za and we will assist you.
Other Payment Methods
- Cash deposit into our FNB Company Bank Account
- EFT Transfer to our FNB Company Bank Account
Call/Whatsapp us on +27606334830 for the other payment methods. (Whatsapp us by clicking the link https://wa.me/27606334830). Email: sales@bizbolts.co.za .
