Best advice is get a 40k truck and save your money. They massively overpaid for this truck for a start up. It looks amazing. But if the food is good you will take the same sales in a 40k truck
It was expensive, but once you upgrade that $40,000 truck you talk about to get it where this truck is with inside specialized equipment and refrigeration, not to mention the engine, tires, etc., you have just added thousands and would then still own an old modified truck. They decided to go with a new truck and not have to worry about down time and the unreliability of owning an old truck. Just like buying a new car vs an old one. I see their point.
@@mariamathewson4522 you can get an old truck for 8k and easily fix it up and kit it out for 32k. My advice is for newbies. Don’t debt yourself up without a proven concept. Like I said it can be as new and shiny as they like but a hell hole truck can take the same amount and many do. I think get a truck up and running it doesn’t take a lot to do. I’m halfway through mine and I’m less than 10k into it and everything is new. Walls, floors, ceilings. Require, plumbed. Just needs a paint job which I’m going to do myself and the kitchen fitted out which will be about 8k. In total $18k and I’ll have a new unit. 100k + is madness and profit down the drain
@@webdevprogrammer8049 If for some reason they decided not to have the truck, they could sell it for what they paid. Houses are much more expensive and people buy them every day, or super expensive cars and think nothing about it.
@@GaryStephenJones respectfully disagree. They were up and running immediately. What you have might work for you, but it wouldn’t have for them. You should check out who they are and what they offer before you judge too hard. Besides, you can’t even get a decent car for $10,000 🤪🤪.
@@mariamathewson4522 they wouldn’t get their money back for it. It would depreciate 70k the moment you drive it off the lot. And my advice to newbies is to convert a trailer. It would look just as amazing with less risk. No point of having all the gear and no idea. Better to get up and running by buying someone else’s trailer/van. Spend a few grand adapting it to your needs and away you go. No one should blow 170k on a food truck if they are new to the business it’s the stupidest idea I’ve ever heard. Prove you can run one first by entering the market with a unit with less risk. If your turnover is 350k a year then by all means do a tax write off for a new unit. But to jump in feet first without a proven concept is foolish at best. There are 1000s of these vans and trailers up for sale due to people buying them thinking it’s easy money or they will make more than they do. When reality hits home it’s very hard work and securing events or a pitch is difficult they soon fall out of love with them hence why there are loads for sale.
I think it’s refreshing to see an interview that talks about the truth of a start up company. The first year is always the hardest, and this couple shared all the lessons they have learned along the way. They didn’t let it change the quality of their food. They stayed committed to providing healthy food. They adjusted where they take their truck and how they incorporated private functions in their business. There is a lot of great information here if people don’t just look at the bottom line dollars. Also, they started at the very end of the summer/beginning of fall, so it hasn’t even been a full year. If summer events and sales had been included for last summer or 2023 summer, the numbers would be much different. They stated weather is a big factor.
That $362k is in REVENUE though just to be clear...Huge difference. They don't "make" $362k per year. In fact, he said their profit margin is only 20%, which is very low margins! That means they aren't even making $80,000 per year...that's solid but not that much really, especially after tax.
They really haven’t been up and running even a year yet. Plus, when they started, they immediately hit bad weather. It’s not like having a truck in sunny Southern California, or Florida. So to start off in the winter months, and not include any revenue from the summer, makes a big difference in the calculations.
@@LivingtheDRdream it’s actually a fraction of what it would cost to open a brick and mortar restaurant and in line for the initial cost of an upscale food truck. If every small business owner never took the leap of faith, think where we would be. 20% profit for the first year is actually very good. This number will grow tremendously now that those initial costs are being paid down and they will reap the rewards.
Most food trucks that fail are ran by chefs..... The most profitable trucks I know(and we run one) are not foodies, they are business people first and are not restrained by lofty ideas of the food but rather the day to day business of making money. Serve a good product fast and at events with the odds stacked in your favor all while controlling all costs. There are Chef run trucks that make it big, but it's not the norm. These two should be taking home at least double what there are.... Direct costs are too high.
❓ maybe I miss something, but the math doesn’t add up to me. If they have an average month of $30,000, that’s 360 K per year, let’s just round up and say 400 K per year and the profit margin is 20%, that’s quite a bit of work for only 80 K take-home for two people
Zero chance that the their profit margin is 20% in most kitchens there is way more staff and operating cost I’d guess it’s closer to 50%. Every food truck person I have spoken to has always lowered their profit margin to gate keep this industry.
Wish you guys would be more honest about posting numbers like this for click bait.. Big difference between gross and net. How long to pay back for cost of the truck. How many hours worked?
So sick love the food truck food scene it’s underrated. Convenience for transport able to set up at events and grow the company and getting new customers to become loyal.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
I would definitely suggest you try interviewing businesses also where there they are not really highly populated what do those people do when the client turnout is low..
Much of it depends on what you are serving. Have you shopped for thousands of people lately, or just seen the crazy prices in the grocery store. Can you imagine what the expenses are for a brick & mortar restaurant! They said they use locally grown, organic produce and chicken. It’s not cheap, but that is what makes their food so fantastic.
Been there done that. Unless they scale up it will be difficult to survive. The hours, stress and work load won’t be worth it with those margins Regardless good luck to them.
We agree! Every business venture requires determination and perseverance, and with the right strategies and adjustments, they may be able to overcome the obstacles they face.
That's interesting and has me curious! As an outsider to the world of food trucks, how does one scale up? Additional staff to take on more events? Building out a second truck, etc? What does scaling look like to a successful food truck company? Thanks!
$300,000 in revenue per year. A 20% profit. That is $60,000 in profit. $30,000 for each owner. They had to go into debt and work 50+ hours a week each. Unless they can 2-3x the revenue and keep the same profit margins. Working at a regular job is better. You can get paid a lot more as a chef, not have to go into so much debt, work a lot less, have less stress. How much can you scale a food truck? *I am assuming the labor cost does not include their own labor/salary and their loan repayment is included in the overhead costs.
You can find a more fulfilling job instead of getting into debt to own a biz making $60k yr combined. Numbers dont make sense unless you can't get a job due to language barrier or other factors.
Most companies don’t make a ton of money their first year in business. They talk about it being a learning experience as they went through that first year, and how they learned how to make it better. I think it’s great that they are truthful about the whole process.
@@mariamathewson4522 20% profit margin is great for all businesses. Especially in the early stages. I just wonder how much more you can scale a food truck business to make it worth while.
@@JB12JB right. It’s not your typical food truck. It’s like a beautiful venue on wheels. It might not be right for everyone, but for what they are offering, it is. I wouldn’t hire an old looking truck to cater a wedding, or a private dinner function, but this truck, absolutely. And, that’s the type of business they are after. Just taking it out anywhere for the day is not what their food is about.
A lot of these food truck people are chained to their businesses unfortunately. Hard to get time off never mind a legit vacation without the loss of income
Kinda sad that these comments are thinking these people are not doing as well as they should. This is their first year and they are already profitable. Most business take about a year or two to see their first profitable dime. I thought people who watch this channel would at least be somewhat knowledgeable about these things.
Wow this couple is great. They took a leap of fate and made it amazing business. So cool. I love their food truck and the menu looks very healthy. Really nice 😅👍🏻👍🏻👍🏻😹. Good job
I love this couple. Their business works because they have each figured out their strengths and divvy work based on that. Also they went in with purpose right out the gate, look at that branding. It says I'm here, I didn't come to play. Congrats Nick and Jada, wishing you grow from strength to strength.
If you're serious, of course it did. Wtf was this channel thinking posting this as an example of starting a "successful" food truck?! If you're just joking, it is inevitable that they will fail. They failed the minute they spent what they spent on the truck. Absolute insanity! Wow. They spent all that to serve bland health food that anyone can make at home??
Should have done more DD plenty of Food trucks out there for sale at 1/3 of cost. Wrap and branding very overpriced. Could have leased a ghost/or restaurant for same money financed. Could have accomplished same for less money and more profit. I have done all the above you could walk away if needed with renting ghost restaurant or short term lease. Financing you are liable for until last payment. Wish you the best of luck. Like you said catering best money maker would have cost you $500 month for renting kitchen space
If they are only making $30k a month and profit margin is only 20% that means they only bring in $6k a month? How much of that do they keep themselves? I’d assume all but damn that’s only $72k a year for the both of them before taxes… after taxes that might be bringing in $50k to live on? It’s a successful business but it’s not really helping them be successful…
It's really not successful mathematically. They would make double that if they both just became teachers. $150k food truck is the stupidest business decision I've ever seen in my life. 😮 I see why chefs make terrible business owners, and most food ventures fail. All the commenters congratulating the "success" of this truck are insane. The food looks very vanilla and basic too. I really don't get it at all.
18:15 that old schoolthought pattern of tripling food cost is deadly to business' it should be closer to 700% food cost to stay profitable and in business. there are so many other cost's that tripling food cost ignores. this is why so many people fail in food. 20:45 that's where the money is at for them , not the same for everybody and $300k is not a huge amount for food trucks. it's actually pretty low.
I just started a food trailer out in Ridgeland SC and I custom bought my trailer from a company out in Nashville 16ft. I spent 30k for everything and was def worth it. It's called Munchie KEES. I've also didn't much RUclips videos on this but you guys which is UpFlip. I even shared certain careers to people so think can just go after it. the money is out here and hopefully one day I can get on this channel. I'm not even close and still learning everyday what to grow on to make things function more fluid. PLEASE UPLOAD MORE FOOD TRUCK OWNERS I LIKE TO HEAR MORE PEOPLES STORIES.
This is awesome! We're glad that our video provided you with valuable advice. We'd be honored to feature you on our channel someday! All the best to you and your business! 👊
Sounds exciting! There are numerous opportunities to explore, from starting your own restaurant or food truck to becoming a chef or food critic. Good luck. ❤
So you invited these people on your show who quit their careers to only have $30,000 salaries each? Lol, I make the same revenue and am left with $140,000 after expenses. These people are teaching people to go into debt on mediocre businesses.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
My deal is fear ... I hate to say it but.... I fear failure, fear my business skills will fail. I can cook like nobodies business, imo better than 95% of restaurants in Houston area, I just fear spending money and time for it to fail... It's sad and I'm not proud of that
As a food truck owner, I can attest to the “when to say no” sentiment. There is nothing worse than sitting at an event burning propane and fuel not selling anything.
What a great video. I don’t know how but I’ve been searching this topic and suddenly I see a person who I used to work with from around 2009-2011 Nick from the Post Office in Bellingham Washington. I was the custodian for both offices then, such a shock to see him he was my manager then, I know he got a postmaster position then I never heard anything more. I really loved seeing him I hope you’re doing well, hope your family is doing well too. Much love and prayers. Hopefully this message will get to you somehow. 😊
15:34 never rent business space , it's a recipe for failure. $500 a month should go to owning a commmisary , then renting space out to others , then not only not end up owning , but making a profit instead of spending money.
Despite the absence of a traditional restaurant experience, many food truck enthusiasts believe that the unique and diverse offerings, convenience, and often higher quality of food make the experience worthwhile. Ultimately, it comes down to personal preference and budget when deciding whether to dine at a food truck or a restaurant.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app.
if youre smart youd keep the cash but only put half. how you think business owners be saving on them taxes. report all credit card orders at festivals and report only half the cash. i use to work for a guy who use to do this and was banking at festivals! and I've talked to other business owners that tell me they don't report all the cash just some lol think of barbers in the barbershop they aren't reporting all the cash bro. you got to be smart but move correctly @@Hardstyler981
Definitely over spent on the food truck .20% profit equal $80,000 that $40,000 each Return is low considering the risk.Didnt even seem to acknowledge their workers probably pay $8 an hour.The wife probably leave if someone comes along with more money.
Inspiring story and great video. I wish them even more successful in a few years. It is conceivable to scale up with one truck to a million per year in three to four years, while acknowledging that going beyond one million per year per truck would be rare, or difficult to sustain. By then, profit margin will improve but not by much because food and labor will also increase proportionately, from currently 20% to maybe 30%, netting $300k per year. It then may make more sense to sell the food truck and the associated brand, taking home half a million or so, and use the new equity to open a real restaurant. It will be a big win to start with ~$50k to become a presumably high-end restaurant owner in about 5 years!
This couples biggest regret was not starting with a professional bookkeeper. If any business owners here want to know more about bookkeeping check out my business, Ledger Frameworks, and I'll be happy to answer any questions. Great videos as always
Join UpFlip Academy and learn from the best in the industry: bit.ly/4d4UaXt
Best advice is get a 40k truck and save your money. They massively overpaid for this truck for a start up. It looks amazing. But if the food is good you will take the same sales in a 40k truck
It was expensive, but once you upgrade that $40,000 truck you talk about to get it where this truck is with inside specialized equipment and refrigeration, not to mention the engine, tires, etc., you have just added thousands and would then still own an old modified truck. They decided to go with a new truck and not have to worry about down time and the unreliability of owning an old truck. Just like buying a new car vs an old one. I see their point.
@@mariamathewson4522 you can get an old truck for 8k and easily fix it up and kit it out for 32k. My advice is for newbies. Don’t debt yourself up without a proven concept. Like I said it can be as new and shiny as they like but a hell hole truck can take the same amount and many do. I think get a truck up and running it doesn’t take a lot to do. I’m halfway through mine and I’m less than 10k into it and everything is new. Walls, floors, ceilings. Require, plumbed. Just needs a paint job which I’m going to do myself and the kitchen fitted out which will be about 8k. In total $18k and I’ll have a new unit. 100k + is madness and profit down the drain
@@webdevprogrammer8049 If for some reason they decided not to have the truck, they could sell it for what they paid. Houses are much more expensive and people buy them every day, or super expensive cars and think nothing about it.
@@GaryStephenJones respectfully disagree. They were up and running immediately. What you have might work for you, but it wouldn’t have for them. You should check out who they are and what they offer before you judge too hard. Besides, you can’t even get a decent car for $10,000 🤪🤪.
@@mariamathewson4522 they wouldn’t get their money back for it. It would depreciate 70k the moment you drive it off the lot. And my advice to newbies is to convert a trailer. It would look just as amazing with less risk. No point of having all the gear and no idea. Better to get up and running by buying someone else’s trailer/van. Spend a few grand adapting it to your needs and away you go. No one should blow 170k on a food truck if they are new to the business it’s the stupidest idea I’ve ever heard. Prove you can run one first by entering the market with a unit with less risk. If your turnover is 350k a year then by all means do a tax write off for a new unit. But to jump in feet first without a proven concept is foolish at best. There are 1000s of these vans and trailers up for sale due to people buying them thinking it’s easy money or they will make more than they do. When reality hits home it’s very hard work and securing events or a pitch is difficult they soon fall out of love with them hence why there are loads for sale.
Get a 40k trailer and a good work truck $175k is insane
#1 Key with a food truck, Set A Minimum! It will save you the headaches of loss of money! Loved that she mentioned that.
So true! This simple measure can help maintain profitability and make food truck venture more sustainable in the long run. Thank you for the comment!
thanks!!!! please more foodtruck content, i cant survive without!!!
I think it’s refreshing to see an interview that talks about the truth of a start up company. The first year is always the hardest, and this couple shared all the lessons they have learned along the way. They didn’t let it change the quality of their food. They stayed committed to providing healthy food. They adjusted where they take their truck and how they incorporated private functions in their business. There is a lot of great information here if people don’t just look at the bottom line dollars. Also, they started at the very end of the summer/beginning of fall, so it hasn’t even been a full year. If summer events and sales had been included for last summer or 2023 summer, the numbers would be much different. They stated weather is a big factor.
Complete agree. UpFlip didn't make any money the first year, and now we're well over $100K a month in revenue, reinvesting every penny back ;)
@@UpFlip 🥰
Starting your own business is an extremely commendable pursuit.
Appreciate this! It is and though challenging at times, it is really fulfilling :)
Are you a bot?
I dont like the fact that they did not acknowledge their worker at ALL!
How do you know they didn’t. They didn’t edit this video.
Seems like a super stressful business with the amount of expenses, i wish them all the luck with it! Interesting video for sure.
It’s a nightmare.
A very difficult business unless your the fulltime owner operator, which is the case here and they do have a bit of an edge
That $362k is in REVENUE though just to be clear...Huge difference. They don't "make" $362k per year. In fact, he said their profit margin is only 20%, which is very low margins! That means they aren't even making $80,000 per year...that's solid but not that much really, especially after tax.
They really haven’t been up and running even a year yet. Plus, when they started, they immediately hit bad weather. It’s not like having a truck in sunny Southern California, or Florida. So to start off in the winter months, and not include any revenue from the summer, makes a big difference in the calculations.
@@mariamathewson4522 I hear you. But that has nothing to do with the point I'm making. The title of the video is disingenuous.
that isn’t worth it to $175k start up . they could have got a job that pay $80,000
@@LivingtheDRdream it’s actually a fraction of what it would cost to open a brick and mortar restaurant and in line for the initial cost of an upscale food truck. If every small business owner never took the leap of faith, think where we would be. 20% profit for the first year is actually very good. This number will grow tremendously now that those initial costs are being paid down and they will reap the rewards.
@@mariamathewson4522 true, they need to have multiple trucks and then open a restaurant
Most food trucks that fail are ran by chefs..... The most profitable trucks I know(and we run one) are not foodies, they are business people first and are not restrained by lofty ideas of the food but rather the day to day business of making money. Serve a good product fast and at events with the odds stacked in your favor all while controlling all costs. There are Chef run trucks that make it big, but it's not the norm. These two should be taking home at least double what there are.... Direct costs are too high.
She talked about encouragement which is huge.
❓ maybe I miss something, but the math doesn’t add up to me. If they have an average month of $30,000, that’s 360 K per year, let’s just round up and say 400 K per year and the profit margin is 20%, that’s quite a bit of work for only 80 K take-home for two people
I was thinking the same!
They're used to working in the Restaurant business as a chef and server. $80k is probably a raise for them.
I bet it’s a lot more then 20%
Zero chance that the their profit margin is 20% in most kitchens there is way more staff and operating cost I’d guess it’s closer to 50%. Every food truck person I have spoken to has always lowered their profit margin to gate keep this industry.
They way overpaid for their startup costs.
You can buy a truck and get everything built for around 35k EASILY. (their down payment on their loan)
They had money before they started the business, have money after it folded. Rich ppl do stuff like this for fun
Hi every day I'm checking your notification for new videos please keep posting good luck love from dubai..
Sure 😊 Thank you for your support and kind words!
Wish you guys would be more honest about posting numbers like this for click bait.. Big difference between gross and net. How long to pay back for cost of the truck. How many hours worked?
Also does their pay solely come from profit or are they paying themselves from 25% labor.
So sick love the food truck food scene it’s underrated. Convenience for transport able to set up at events and grow the company and getting new customers to become loyal.
For context - Toast says the national average for food trucks depending on Metro size is 20k-42k/month.
After fees andd permmits,,,and tax?
@@Hardstyler981No - that's not profit - that's gross revenue.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
"Jada worked serving in some restaurants in her younger years"
Wish them well, they sound a bit flat at times but honest.
I would definitely suggest you try interviewing businesses also where there they are not really highly populated what do those people do when the client turnout is low..
Thanks for the suggestion. We are constantly working on improving our videos and we might consider this. Thank you! 🙂
Not everyone has a large pot of money to start up.
Title says it all. If they failed they would have to sell their $175,000 truck at a loss.
Expenses = $301,251/year! 😢
Much of it depends on what you are serving. Have you shopped for thousands of people lately, or just seen the crazy prices in the grocery store. Can you imagine what the expenses are for a brick & mortar restaurant! They said they use locally grown, organic produce and chicken. It’s not cheap, but that is what makes their food so fantastic.
I think upflip is embellished form a video.Numbers don't make sense .
Been there done that. Unless they scale up it will be difficult to survive. The hours, stress and work load won’t be worth it with those margins Regardless good luck to them.
We agree! Every business venture requires determination and perseverance, and with the right strategies and adjustments, they may be able to overcome the obstacles they face.
That's interesting and has me curious! As an outsider to the world of food trucks, how does one scale up? Additional staff to take on more events? Building out a second truck, etc? What does scaling look like to a successful food truck company? Thanks!
$300,000 in revenue per year. A 20% profit. That is $60,000 in profit. $30,000 for each owner. They had to go into debt and work 50+ hours a week each. Unless they can 2-3x the revenue and keep the same profit margins. Working at a regular job is better. You can get paid a lot more as a chef, not have to go into so much debt, work a lot less, have less stress.
How much can you scale a food truck?
*I am assuming the labor cost does not include their own labor/salary and their loan repayment is included in the overhead costs.
It's not just about money it's about fulfillment
You can find a more fulfilling job instead of getting into debt to own a biz making $60k yr combined. Numbers dont make sense unless you can't get a job due to language barrier or other factors.
Most companies don’t make a ton of money their first year in business. They talk about it being a learning experience as they went through that first year, and how they learned how to make it better. I think it’s great that they are truthful about the whole process.
@@mariamathewson4522 20% profit margin is great for all businesses. Especially in the early stages. I just wonder how much more you can scale a food truck business to make it worth while.
@@JB12JB right. It’s not your typical food truck. It’s like a beautiful venue on wheels. It might not be right for everyone, but for what they are offering, it is. I wouldn’t hire an old looking truck to cater a wedding, or a private dinner function, but this truck, absolutely. And, that’s the type of business they are after. Just taking it out anywhere for the day is not what their food is about.
A lot of these food truck people are chained to their businesses unfortunately. Hard to get time off never mind a legit vacation without the loss of income
Kinda sad that these comments are thinking these people are not doing as well as they should. This is their first year and they are already profitable. Most business take about a year or two to see their first profitable dime.
I thought people who watch this channel would at least be somewhat knowledgeable about these things.
100% agree! Everyone always thinks they know all the answers and love to criticize.
Appreciate this take!
Wow this couple is great. They took a leap of fate and made it amazing business. So cool. I love their food truck and the menu looks very healthy. Really nice 😅👍🏻👍🏻👍🏻😹. Good job
Yes, this couple's story is truly inspiring. It's great to see their hard work and passion paying off. Thank you for watching. ❤
I love this couple. Their business works because they have each figured out their strengths and divvy work based on that. Also they went in with purpose right out the gate, look at that branding. It says I'm here, I didn't come to play. Congrats Nick and Jada, wishing you grow from strength to strength.
Couldn't agree more! Their strong sense of purpose is evident from their impressive branding. Thank you so much for the kind words. ❤
Nokuthula bakithi sesihlangana kude
Current up date - the business has folded 😂😂😂
If you're serious, of course it did. Wtf was this channel thinking posting this as an example of starting a "successful" food truck?!
If you're just joking, it is inevitable that they will fail. They failed the minute they spent what they spent on the truck. Absolute insanity! Wow. They spent all that to serve bland health food that anyone can make at home??
Excellent video
Doesn’t seem like all that much money if $72,000 profit is split between the 2 of them. I’m sure they work their butts off too!
The black lady in the back that they don’t acknowledge is the one “working her butt off”
Should have done more DD plenty of Food trucks out there for sale at 1/3 of cost. Wrap and branding very overpriced. Could have leased a ghost/or restaurant for same money financed. Could have accomplished same for less money and more profit. I have done all the above you could walk away if needed with renting ghost restaurant or short term lease. Financing you are liable for until last payment. Wish you the best of luck. Like you said catering best money maker would have cost you $500 month for renting kitchen space
make sure you have your starting capital ($170k), yea I'm out.... later
If they are only making $30k a month and profit margin is only 20% that means they only bring in $6k a month? How much of that do they keep themselves? I’d assume all but damn that’s only $72k a year for the both of them before taxes… after taxes that might be bringing in $50k to live on? It’s a successful business but it’s not really helping them be successful…
It's really not successful mathematically. They would make double that if they both just became teachers. $150k food truck is the stupidest business decision I've ever seen in my life. 😮
I see why chefs make terrible business owners, and most food ventures fail. All the commenters congratulating the "success" of this truck are insane. The food looks very vanilla and basic too.
I really don't get it at all.
Wassup with these personalities?
Watchumean?
@@Ms.Mewitdabullshitthe rest of us know what he means
That's crazy expensive for a truck. Look in your state cottage laws. Start there keep it in the green
18:15 that old schoolthought pattern of tripling food cost is deadly to business' it should be closer to 700% food cost to stay profitable and in business. there are so many other cost's that tripling food cost ignores. this is why so many people fail in food. 20:45 that's where the money is at for them , not the same for everybody and $300k is not a huge amount for food trucks. it's actually pretty low.
I just started a food trailer out in Ridgeland SC and I custom bought my trailer from a company out in Nashville 16ft. I spent 30k for everything and was def worth it. It's called Munchie KEES. I've also didn't much RUclips videos on this but you guys which is UpFlip. I even shared certain careers to people so think can just go after it. the money is out here and hopefully one day I can get on this channel. I'm not even close and still learning everyday what to grow on to make things function more fluid. PLEASE UPLOAD MORE FOOD TRUCK OWNERS I LIKE TO HEAR MORE PEOPLES STORIES.
This is awesome! We're glad that our video provided you with valuable advice. We'd be honored to feature you on our channel someday! All the best to you and your business! 👊
thank you and i will be in touch@@UpFlip
Revelation 14:12
12 Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus.
I just bought a food trailer for $2000, I have some work to do 😂
🤣🤣🤣🤣
I can't wait to get involved in the food business
Sounds exciting! There are numerous opportunities to explore, from starting your own restaurant or food truck to becoming a chef or food critic. Good luck. ❤
The electric cuismax barbecue grill and the kitchen aid popcorn 🍿 machine are excellent 👌 purchases from Canadian Tire 😋.
Comment section speak reality btw 😅
I love these two! ❤ the love is wonderful that they have for each other.
We miss you guys in Columbia TN!!
thanks for the support!
Best realistic food truck video ever on this channel
Glad you think so! What specifically made it best for you?
love this channel
Holy fuck my cousin paid 20k for one on co part he fixed it all himself spend about another couple gs
great channel
So you invited these people on your show who quit their careers to only have $30,000 salaries each? Lol, I make the same revenue and am left with $140,000 after expenses. These people are teaching people to go into debt on mediocre businesses.
Cool.
Not each. It's for the both of them
The P/M is 30k each Per Month...yall are horriible 😂
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
I would love to partner up with these couple.
Any mention of the food! Maybe it sucks!
Mickey Ds sucks, but it's a multi billion $ company. It's never about the food. Gimmicks sell.
My deal is fear ... I hate to say it but.... I fear failure, fear my business skills will fail.
I can cook like nobodies business, imo better than 95% of restaurants in Houston area, I just fear spending money and time for it to fail...
It's sad and I'm not proud of that
great content man. can you one for a digital marketer. the copywriting, social media management, social media ads and all that kindly
We are glad you liked it! Thanks for the suggestion, and definitely watch out, one of our upcoming videos is about this! 😉
Please can you do some selling food from home❤❤
175000 for a food truck seems over priced
Looks like you incorporated the poll results in this video 😊👍🏻
As a food truck owner, I can attest to the “when to say no” sentiment. There is nothing worse than sitting at an event burning propane and fuel not selling anything.
Appreciate you sharing your insights! How many years have you been a part of the food truck industry? 😊
@@UpFlip three years running, and one year running a restaurant.
i love there story it really give me hope for the future thanks for positive vibe
What a great video. I don’t know how but I’ve been searching this topic and suddenly I see a person who I used to work with from around 2009-2011 Nick from the Post Office in Bellingham Washington. I was the custodian for both offices then, such a shock to see him he was my manager then, I know he got a postmaster position then I never heard anything more. I really loved seeing him I hope you’re doing well, hope your family is doing well too. Much love and prayers. Hopefully this message will get to you somehow. 😊
15:34 never rent business space , it's a recipe for failure. $500 a month should go to owning a commmisary , then renting space out to others , then not only not end up owning , but making a profit instead of spending money.
Nice
Thank you!
I haven’t really seen anything innovative in the food industry for years. Need a more sustainable business model.
150k for the truck is insane for “almost brand new”
Peak modernity. A comment section full of genuises thatv never done shit.
Yeah but 175 k on food truck sounds crazy
Not gonna lie. That grilled chicken looks pale and uncooked.
What people do see your food going cost 60% and other expensive they prolly making even
This truck has much much better kitchen than some other restaurants.😊
Gayest advice startup ever. Congrats.
Love from India🇮🇳
Thanks for the support! ❤️
Where you from?
Didn’t watch but makes sense cuz these food trucks charge restaurant pricing w/o the restaurant experience 😢
Despite the absence of a traditional restaurant experience, many food truck enthusiasts believe that the unique and diverse offerings, convenience, and often higher quality of food make the experience worthwhile. Ultimately, it comes down to personal preference and budget when deciding whether to dine at a food truck or a restaurant.
He said 12,000 for the rap? Damn!
It's an investment! 😉
😂😂 no food truck videos on RUclips
Nice
Thank you!
Thank you for sharing
Overpaid for the truck for sure
cuan el precio del horno rational
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days
menu is influenced by the live input of the people via an app.
All in 175k holy shit
Why do you guys have a high turnover of presenters ?🤔
They all go away and start their own food truck, cleaning, lawnmowing and vending businesses :-)
Niche is not "nit-ch" its pronounced "neeesh"
That’s cool
But what’s the profits tho? Btw a lot of 9-5 haters in the comment section.
Overpaid for the truck bro 😂
LETS SEE THAT WOULD BE $1000.00 PER DAY BS CLICK BAIT BS
A good food truck can definitely make a $1,000 a day. Way more at festivals and concerts.
@@lukewarmwater2235and can also get charged almost half in rent in festivals.from what ive heard
if youre smart youd keep the cash but only put half. how you think business owners be saving on them taxes. report all credit card orders at festivals and report only half the cash. i use to work for a guy who use to do this and was banking at festivals! and I've talked to other business owners that tell me they don't report all the cash just some lol think of barbers in the barbershop they aren't reporting all the cash bro. you got to be smart but move correctly @@Hardstyler981
$175k 🤢
~$6.000 profit? 😅
❤
Thank you so much for the support! ❤
Definitely over spent on the food truck .20% profit equal $80,000 that $40,000 each
Return is low considering the risk.Didnt even seem to acknowledge their workers probably pay $8 an hour.The wife probably leave if someone comes along with more money.
why she talks like datttttt
Inspiring story and great video. I wish them even more successful in a few years. It is conceivable to scale up with one truck to a million per year in three to four years, while acknowledging that going beyond one million per year per truck would be rare, or difficult to sustain. By then, profit margin will improve but not by much because food and labor will also increase proportionately, from currently 20% to maybe 30%, netting $300k per year. It then may make more sense to sell the food truck and the associated brand, taking home half a million or so, and use the new equity to open a real restaurant. It will be a big win to start with ~$50k to become a presumably high-end restaurant owner in about 5 years!
Glad you liked it! Thanks for sharing your insights too!
No wonder why you failed... You way overspent to get started.
This couples biggest regret was not starting with a professional bookkeeper. If any business owners here want to know more about bookkeeping check out my business, Ledger Frameworks, and I'll be happy to answer any questions.
Great videos as always