Fundamental Needs To Start The Business
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.