As in any other business, working capital is the most fundamental aspect as it determines the size and capacity of the business. However, food truck business is unlike your normal brick-and-mortar restaurants or café set-up.
The cost is cheaper and it’s quicker to establish. You only need to own a vehicle and identify the perfect location to mobilise your business. It is estimated an average of RM15,000-RM20,000 is required to start a small-scale food truck business. No more hassle in property, renovation or rental costs as compared to setting a restaurant on the shop lots for example.
Since the cost is not too high, one can start the business from own savings and/or borrowings from family members or friends. Alternatively, entrepreneurs can also access funding through banking loans or financing schemes offered by the Government.
The average cost breakdown to start a food truck business is as shown in Table 1.